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  • Posted: Apr 15, 2025
    Deadline: Not specified
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  • 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 ...
    Read more about this company

     

    Senior Pricing Analyst

    What will you do?
    SANTAM RE IS HIRING A SENIOR P&C PRICING ANALSYT 

    • Santam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people. 
    • With over 106 years of experience, Santam is Africa’s leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business, Santam Re leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.

    JOB DESCRIPTION

    • Senior Pricing Analyst to report to the Head of Pricing. 
    • Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires limited travel.
    • We are seeking a seasoned Senior Pricing Analyst to join our reinsurance team. The ideal candidate will possess deep analytical expertise, a robust understanding of reinsurance treaty pricing, and a strong background in insurance pricing methodologies 
    • This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management, manage exposure, profitability and growth.

    Key accountabilities and responsibilities include:

    • Pricing of reinsurance treaties across multiple classes of business and in various geographies.
    • Develop and refine pricing models for reinsurance products, incorporating risk variables and market conditions. 
    • Evaluation of historical loss data, exposure profiles, and emerging trends to set pricing guidelines. 
    • Collaborate with underwriting and actuarial teams to ensure alignment between pricing strategies and overall risk management objectives.

    What will make you successful in this role?
    SKILLS REQUIREMENTS:

    • Bachelor’s degree in Actuarial Science, Business Science, Mathematics, Statistics or a related quantitative discipline. 
    • Minimum of 5 years of experience in pricing, risk analysis, or actuarial roles within the reinsurance or insurance industry.
    • Strong analytical and problem-solving skills, with proficiency in mathematical/statistical techniques and software skills.
    • Ability to collate, analyse and interpret statistical data.
    • Proven prior experience in P&C actuarial work.
    • Strong written, verbal, and presentation communication skills.

    Check how your CV aligns with this job

    Method of Application

    Interested and qualified? Go to Santam Insurance on careers.sanlamcloud.co.za to apply

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