Senior Pricing Analyst at Santam Insurance

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.