Senior Pricing Actuarial Analyst at Standard Bank Group

Job Description

• Lead Technical, Retail, and Expense Modelling,develop, maintain, and implement market-leading pricing models to ensure competitive and profitable offerings.
• Drive Innovation in Products and Models,support the design and development of new and innovative products, pricing strategies, and modelling techniques.
• Establish Monitoring Framework,assist in setting up robust monitoring frameworks to track performance, profitability, and compliance with pricing objectives.
• Policy Administration System (PAS),take ownership of PAS pricing requirements, ensuring accurate and timely implementation aligned with business needs.
• Support Management in Achieving Objectives,collaborate with leadership to ensure profitability targets and strategic objectives are consistently met

Qualifications

Type of Qualification: 

• 3 year BSc, 4 year B BusSc or BCom with actuarial majors
• Honours is an advantage
• Member of Actuarial Society of South Africa /Member of the Institute and Faculty of Actuaries. 
• At least 6 exemptions / actuarial exam passes 

Experience Required

• 4-7 years of short-term pricing experience.
• Experience with data is preferred.
• Experience in short term insurance pricing.
• Experience in system (PAS, rating engine or claims) implementation.

Knowledge:

• Knowledge of short-term insurance pricing techniques.
• Understanding of short-term insurance products and business principles. 
• Understanding of balance sheet and Income statement.
• Knowledge of actuarial processes and control cycle 
• Knowledge of the product development process.
• Understanding of how the FSCA operates.
• Understanding of the economic environment’s impact on short term insurance industry.
• Knowledge of South African insurance regulation.
• Knowledge of system implementation.

Additional Information

Behavioural Competencies:

• Able to multi-task.
• Attention to detail.
• Communication skills - written, verbal and presentation skills.
• Disciplined and have high level of integrity, professionalism, and trustworthiness.
• Self-motivated.
• Pro-active
• Results driven.
• Collaborator

Technical Competencies:

• Computer literacy (Microsoft Office) 
• Specialist actuarial software package skills
• ­SAS statistical package (preferred), Emblem, Radar, Earnix.
• Analytical skills