Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed ...
We are looking for highly professional individuals, with a specific focus on the personal and commercial lines businesses.
The successful candidate will be accountable for actuarial functions which will contribute to the profitable development and financial results of the Group. Working closely with the senior management team across Product, Pricing, Underwriting and Claims Services you’ll contribute to the development and execution of the broader strategy.
KEY ACCOUNTABILITIES
Develop effective pricing and risk management strategies to balance profitability and growth
Benefit tracking and performance monitoring of financial, underwriting and distribution indicators
Create and maintain business reports to direct thought processes that drives action
Contribute to the development and maintenance of the internal data assets to support pricing and other modelling initiatives
Continuous process improvement and strategy evaluation
Participate in strategic projects where actuarial input is required
Support current underwriting segmentations models
Interacting with distribution (sales) and claims with the objective of constantly incorporating market trends into the product solution value chain
Supporting the development of product solutions for various market segments and channels
Ad-hoc analysis - statistical investigations as required from time to time by the business
QUALIFICATIONS AND EXPERIENCE
Degree in either Mathematics, Statistics, Actuarial Science, Data Science or Computer Science. Non-actuarial candidates will also be considered even though the title of the position says Senior Actuarial Analyst.
One to two years working experience, preferably in general insurance.
Advanced computer literacy skills in one or more of the following: SAS, SQL, R, Python, Emblem etc.
Strong modelling skills including experience in performing statistical investigations and building pricing / predictive models
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