Johannesburg: Single Risk Pricing Actuary posted by Hire Resolve
Posted on 2025-05-03 00:00:00
| Employer | Hire Resolve |
|---|---|
| Category | Analyst |
| Location | Gauteng / Johannesburg |
Job Summary
RESPONSIBILITIES
- Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation.
- Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).
- Actively build relationship with Underwriters and assist in change management (including training) when onboarding Underwriters on to new pricing tools or platforms.
Pricing and review key individual accounts:
- Analyse and pricing of individual short tail single-risk accounts typically with complex features or high premium.
- Conduct pricing reviews on accounts with high and extreme materiality to ensure that all accounts priced adheres to appropriate pricing review process as defined in Specialty Insurance Pricing Guidelines.
- Provide pricing assistance to Reinsurance Treaty Team during busy periods (such as the 01-Jan renewal season) on various markets
Portfolio analysis, business planning, recalibration:
- Contribute and manage the annual planning (profitability) review of portfolio (deep-dive) by considering combined ratios, rate levels, inflationary effects, and class of business mix for Specialty Insurance (including SCOR Syndicate).
- Manage and contribute to the annual capital model parametrisation process (Underwriting / Premium Risk), which is concluded in conjunction with Group Risk Management, Capital Modelling Team, and Underwriters.
- Development and maintenance of dashboards and various management information.
Reporting:
- Contribute to various regulatory tasks such as the Lloyds Performance Management Data Return (PMDR), and board reports.
- Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.
- Any other ad-hoc reporting requirements.
People Management:
- no people management at the beginning
- possibly manage a small team of Pricing analysts and/or Cat modellers within few months after the hiring if the situation evolves well as expected.
QUALIFICATIONS
Required experience & competencies
Experience:
- Pricing experience in P&C insurance is compulsory (if possible on large corporate risk or London Market)
- Working knowledge of pricing ,capital modelling and reserving processes and techniques.
- Strong analytical skills and ability to manipulate or handle large datasets.
- Experience using R, Python, R-Shiny, or any other programming languages in commercial environment desirable but not compulsory.
Personal Competencies:
- Highly motivated and driven individual with excellent analytical and problem-solving skills
- Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team
- Strong organisational and time management skills required
- Self-starting individual and excellent team player
- Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues.
- Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.
Education
- Nearly / Newly qualified actuary from a recognised actuarial organisation
- Degree in Mathematics, Actuarial Science or any other scientific discipline (Statistics, Physics, etc.)
If you meet the above requirements and want to make a career-changing move, apply today by either filling in the online application form or emailing your CV to Hire Resolve at *****@*****.co.za
You are also welcome to contact Michaela Boustred on LinkedIn or call her on (***)***-****.
Please note that correspondence will only be conducted with shortlisted candidates for this position. Should you not hear from us within 3 days, please consider your application unsuccessful.
Click Go Apply to apply online!
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