Gauteng: Actuarial Pricing Specialist posted by MECS Africa

• Take accountability for all product development and pricing frameworks. 
• Coordination with IT, underwriters, claims teams and product owners to develop holistic understandings of various products and processes within the space. 
• Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.  
• Oversee the assessment and approval of new product offerings, ensuring they are commercially viable and compliant.  
• Review and ensure the accuracy of fellow team members’ work and provide guidance to junior actuarial analysts.  
• Improve tools and processes that monitor the accuracy of policy values.  
• Investigate, quantify and explain any deviations and advise on corrective measures.  
• Ensure that all projects to be implemented adhere to audit and risk management requirements.  
• Collaboration with external business support to define and develop the pricing models and processes. 
• Support clients in the design and development of bespoke products, with a focus on innovation, profitability, and sustainability.  
• Manage financial performance reporting, including monitoring product profitability and adherence to best practice actuarial standards.  
• Act as a senior technical advisor to both management and external stakeholders, translating complex actuarial insights into actionable business decisions.  

Requirements  

• An Actuarial or bachelor’s degree with mathematics or statistics as majors.  
• Associate Actuary or making good progress with Associate level exams.  
• 5 years’ relevant work experience.  
• Modelling experience.  
• Coding knowledge in SQL, Python and R advantageous. 
• Knowledge of insurance products, contracts and relevant industry legislations.  
• Sound numerical skills and computer literacy is essential especially in the use of MS Excel, MS Word and 
• SQL.  
• Skills / Experience in extraction would be advantageous

 Competencies  

• Ability to examine and interpret data and provide insights, strong technical expertise.  
• Achievement orientation.  
• Effectively manage time and ensure optimal productivity.   Excellent analytical and communication skills.  
• Results and solution focused.  
• High degree of self-motivation and the ability to work independent of supervision.  
• Naturally inquisitive mind set, with a strong innovative tendency.  
• Self Confidence.  
• Flexibility to cope with pressure and setbacks.  
• Delivering results and meeting expectations.