Pricing Actuary/Actuarial Specialist - Cape Town or Gauteng at Sanlam Group

Position Description:

• Senior Specialist within the Group Risk Pricing Team

Responsibilities:

• Perform day-to-day Group Risk pricing work
• Monitor ongoing profitability of existing client portfolio
• Management of vulnerable schemes
• Pricing and benefit design of large and/or complex Group Risk schemes
• Enable new business acquisition and profitable growth
• Determining terms of new business
• Review terms of existing business

Responsibilities (continuous) :

• Building and maintaining client relationships through service excellence and communication
• Teamwork and collaboration with the quotes and revisions teams as well as other key service areas like sales, member management, claims and underwriting
• Negotiation with clients, brokers, reinsurers and internal stakeholders
• Training and development of various stakeholders on Group Risk products and processes
• Assistance in query and complaints resolution
• Provide technical support to clients, cross-functional teams
• Initiate and drive business transformation projects
• Perform data analysis relating to emerging claims experience
• Input into product design and risk management
• Coaching of junior staff

Experience and Qualification:

• Qualified actuary or student with significant exam progress (at least CA1)
• Group Risk experience preferred, especially in pricing or product development.

Knowledge:

• Sound technical skills
• Exceptional communication skills – both verbal and written
• Understanding of group insurance pricing and -market dynamics
• Solid grasp of key financial reporting metrics
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Strong analytical and conceptual thinking

Competencies:

• Demonstrate a business mindset
• Critical, analytical thinker
• Meticulous attention to detail
• Enjoys working with people
• Socially confident and skilled at building and maintaining relationships
• Exceptional communication skills

Competencies:

• Consistent performer under pressure
• Able to motivate, develop and impart knowledge to others
• Results focused and displays energy when performing tasks
• Desire to lead and manage others
• Capable of balancing and prioritising work on multiple objectives to meet deadlines
• Proactive team player
• Dynamic and motivated with a winning mentality
• Ability to manage self, work independently and take initiative to solve real-world problems
• Willing to travel