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 talented actuarial or analytics professionals, with a specific focus on supporting our personal lines business. The successful candidate will be accountable for a wide range of pricing and other predictive modelling functions which will contribute to the profitable development and financial results of the Group. Working closely with the senior management team you will also contribute to the development and execution of the broader strategy.
KEY ACCOUNTABILITIES:
Develop and maintain effective pricing and risk management strategies across various platforms to balance profitability and growth
Support current pricing, client segmentation and optimisation models
Performance monitoring of financial, underwriting and distribution indicators
Create and maintain business reports to direct thought processes that drives action
Continuous process improvement and strategy evaluation
Depending on applicant’s skills and experience, there may be opportunity to manage junior analysts
Participate in strategic projects where actuarial input is required
Interacting with underwriting, distribution and claims departments throughout the group 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
Providing direction around developing and maintaining of internal data assets to support predictive modelling initiatives
Qualifications & Experience
Qualified/near-qualified actuary or equivalent qualification e.g. Maths, Statistics, Data science
4 to 5 years’ experience in a technical role, preferably in general insurance
Strong modelling skills including experience in building pricing / predictive models as well as performing experience analyses and other statistical investigations
Ability to communicate complex ideas across a range of technical and non-technical stakeholders
Excellent report writing and presentation skills
Experience with data and modelling software, e.g. SAS, WTW Emblem / Radar, SQL, Python or similar
Leadership skills within own team and cross- functionally
Strong data management skills
Competencies
Delivering results and meeting customer expectation
Relating and networking
Analyses
Applying expertise and technology
Achieving personal work goals and objectives
Attention to detail
Planning and organising skills
Problem Solving
Negotiating
Business Acumen/Knowledge
Business Analysis
Collaborates
Client focus
Drives results
Flexibility and adaptability from setbacks and adversity when facing difficult situations
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