Senior Pricing Actuary at Santam Insurance

WHAT WILL YOU DO

• Senior Pricing Actuary to report to the Chief Pricing Actuary & Chief Underwriting Officer.
• Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires some travel.
• This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management and portfolio steering to manage exposure, profitability and growth.

WHAT WILL MAKE YOU SUCCESSFULL

• Pricing of Santam Re’s larger contracts and complex treaties.
• The maintenance and development of Santam Re pricing tools.
• Reviewing pricing assumptions and output produced by the underwriting team.
• Maintaining a detailed understanding of the Santam Group, Santam Re underwriting guidelines.
• Reviewing slip and underwriting guideline checks performed by underwriters.
• Development and maintenance of dashboards for underwriters, as well as for client relationship managers who undertake their own market visits.
• Working with the reserving team to determine business segment profitability, on a quarterly basis.
• Research and development of reinsurance portfolio optimisation.
• Ongoing training and skilling in the interpretation of data & pricing principles.
• Market visits to acquire general underwriting and pricing views market stakeholders.

QUALIFICATION AND EXPERIENCE
Minimum requirements:

• A Qualified or Associate Actuary or as close as possible.
• Ten years’ experience in reinsurance pricing or as P&C actuary in general.
• An understanding of how risk is shared between insurer and reinsurer on various reinsurance contracts.
• Strong analytical and problem-solving skills, with proficiency in mathematical/statistical techniques and software skills.
• Ability to collate, analyse and interpretstatistical data.
• Knowledge of actuarial principles, insurance/reinsurance concepts, and risk management frameworks.
• Proven prior experience in P&C  actuarial work.
• Strong written, verbal, and presentation communication skills.

Advantageous qualifications, knowledge and experience:

• Ability to build and maintain good internal and external relationships as well as maintaining a high standard of professionalism.
• A high degree of self-management, displaying an organised and measured approach to the workload and the clients.
• Strong planning and organisational skills.
• Display an extensive knowledge of the short-term insurance industry.
• P&C reinsurance experience. 

COMPETENCIES

• Collaboration 
• Client focus.
• Cultivates innovation.
• Flexible and adaptable.
• Drives results.