Job Description
About the Role
Hire Resolve is currently seeking a Senior Pricing Actuary to join our client’s team in the insurance industry. As a Senior Pricing Actuary, you will play a crucial role in developing and implementing pricing models and strategies to ensure accurate and competitive insurance premiums.
Key Responsibilities
- Ongoing training of interpretation of data & pricing principles.
- Pricing of larger contracts and complicated reinsurance treaties.
- Maintenance and development of pricing tools.
- Research and development of reinsurance portfolio optimisation.
- Develop a detailed understanding of underwriting guidelines.
- Review pricing assumptions and output produced by underwriting team.
- Review slip checks and underwriting guideline checks performed by underwriters.
- Work with reserving team to determine profitability by business segment on a quarterly basis.
- Visit markets to form general underwriting and pricing views of the markets.
- Develop and maintain dashboards for underwriters and client relationship managers for market visits.
Requirements
- Bachelor’s degree in Actuarial Science or related field.
- Qualified Actuary is preferred otherwise close to qualification.
- A minimum of 3 years experience in reinsurance pricing (preferably 5 years).
- Strong knowledge of insurance pricing methodologies and concepts.
- Proficiency in data analysis and statistical modeling.
- Professional certifications such as FSA, FCAS, or equivalent.
- Excellent communication and leadership skills.
- Ability to work collaboratively and mentor junior team members.
Qualifications
No specific qualifications mentioned in the original job description.
Salary & Benefits
Salary negotiable – Highly dependent on qualifications and experience.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Analyst Jobs in Western Cape
In the Western Cape, the demand for Analysts continues to grow as companies seek professionals with strong analytical skills to drive business growth and decision-making. Typically, Analyst roles are found in industries such as financial services, technology, manufacturing, and healthcare, where data-driven insights are crucial for strategic planning and problem-solving.
Commonly, Analyst positions come with a salary range that can vary widely depending on factors like experience, company size, industry sector, and location. Generally, salaries tend to be higher for larger companies and those in more lucrative sectors. While broad ranges can be difficult to provide without knowing the specifics of each role, we can say that salaries often fall within the R400 000 – R800 000 per annum range for junior Analysts and upwards of R1 million for senior roles.
As a general rule, common skills required for an Analyst position include data analysis software proficiency (e.g., Excel, SQL), statistical knowledge, problem-solving abilities, strong communication skills, attention to detail, and analytical thinking. Typically, candidates with experience in mathematical modeling or scientific research may be well-suited for this type of role. Additionally, having a degree in mathematics, statistics, economics, computer science, or a related field can provide a solid foundation for an Analyst career.
In terms of industry sectors, financial services firms, tech companies, and manufacturers often employ Analysts to support their business operations. Commonly, these roles involve analyzing data to inform strategic decisions, identifying trends, and evaluating the effectiveness of business processes. Those interested in pursuing a career as an Analyst may also find opportunities in consulting firms or government agencies, where analytical skills are highly valued.
Career progression for Analysts often involves moving into senior analyst roles within a company, taking on leadership positions in research and development, or transitioning into related fields such as data science or business analysis. With experience and additional education, professionals in this field can develop into experts in their chosen sector, offering valuable insights to businesses and organizations across various industries.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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