Senior Pricing Specialist

Role Purpose

The successful incumbent will be responsible for managing and/or supervising other actuarial staff. The person would also be required to clarify client requirements and translate actuarial concepts into client-friendly terminology. Pricing and product development for short-term insurance are key aspects of the role.

Requirements

Experience and Qualifications

• A bachelor’s degree in actuarial science, Statistics, Business Sciences or Business Mathematics.
• A qualified actuary (FIA, FFA, or FASSA) is highly advantageous.
• At least 8 years of experience in actuarial modeling, pricing, and product development in the short-term insurance sector.
• Experience in pricing and product development will be essential
• Demonstrated proficiency in advanced pricing and product development is an advantage.
• 5-8 years of management experience is desirable.

Duties and Responsibilities

• Maintain, develop, and implement market leading Short-term Insurance pricing models.
• Explore and identify data and rating enhancements to inform pricing models.
• Ownership of model performance against actual experience and acting on model weaknesses.
• Developing and implementing pricing strategies for new and existing business to achieve growth and profit objectives.
• Support the development of new and innovative products and maintain existing products.
• Drive, implement and maintain proper governance on pricing developed/deployed.
• Support/advise the business using data and analytics.

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