Senior Pricing Specialist at Santam Insurance

What will you do?

• To focus on the technical development, maintanence and implementation of pricing models, ensuring accountability for profitability. This also includes maintaining and refining existing risk-based pricing models across all products within SCS, ensuring SCS pricing governance and controls are followed and that all the sign-off processes are adhered to before pricing models are implemented

Key accountabilities and responsibilities include:

• Execute pricing strategies aligned with business objectives to ensure profitability for SCS while remaining competitive in the market
• Build, maintain and implement scientific risk pricing models, ensuring pricing models are regularly updated through ongoing refinements and testing
• Build pricing adequacy reporting framework
• Apply advanced actuarial/statistical techniques using modern technology tools in analysing data and implementing pricing initiatives.
• Technical pricing innovation and improvement on existing models to achieve short-term and long-term business targets
• Ensure governance process are followed
• Input into product development and business processes where required

What do you need?

• Bachelor’s degree in actuarial science, statistics or similar qualification
• Nearly qualified actuary, good progress with actuarial exams or similar 
• Proven track record of at least 4 years’ experience within short term insurance pricing environment.
• Good knowledge of Commercial and Personal products is advantageous.

Skills

• Technical pricing skills
• Management of a pricing team
• Skilled in leading and coaching staff to keep pricing talents engaged and productive
• Excellent English communication & report-writing and presentation skills
• Establish interpersonal relationship, negotiating and networking skills
• Ability to influence
• Ability to work under pressure with appropriate prioritisation skills
• Results-orientated and deadline driven
• Analytical skills and problem-solving abilities
• Creativity and ability to innovate and find new solutions to new challenges
• Able to organise own and others’ workloads to achieve priorities and objectives
• Demonstrate capability to think of the organisation holistically
• Empowering others