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George: Pricing Analyst – George posted by DataFin Recruitment

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Job Description

ENVIRONMENT:

Our Client is a leading South African non-life insurer offering specialised insurance products, recognised for an innovative and customer-centric approach. With a strong culture of agility, collaboration, and continuous innovation, the business leverages technology and data-driven insights to challenge traditional insurance models and deliver exceptional value. They are seeking a Pricing Analyst with approximately five years experience in non-life insurance to join the actuarial team, reporting to the Actuarial Manager and playing a key role in ensuring sound pricing and supporting strategic decision-making through performance analysis and pricing model enhancements.

DUTIES:

  • Develop pricing models using actuarial software to improve accuracy of pricing models.
  • Conduct in-depth profitability assessments across key business verticals.
  • Develop practical pricing strategies.
  • Review personal lines insurance product designs.
  • Assist in monitoring claims trends and experience analysis to support business strategy.

REQUIREMENTS:

  • Actuarial degree.
  • Completion of Part A1: Foundational technical and A2: Intermediate Technical Actuarial exam series and Part A3: Actuarial Risk Management.
  • 5+ years of actuarial experience in non-life insurance, with a focus on pricing.
  • Ability to collaborate with cross-functional teams and present insights to both technical and non-technical stakeholders.

ATTRIBUTES:

  • Strong technical skills, with proficiency in working with actuarial software.
  • Excellent analytical, problem-solving, and communication skills.
  • A proactive mindset, with a passion for using data and analytics to drive business impact.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

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About Other Insurance Jobs in Western Cape

The Other Insurance (OI) industry in the Western Cape is part of the broader insurance sector, which has experienced steady growth in recent years due to increasing demand for risk management solutions. Typically, OI roles are sought after by professionals who can provide specialist underwriting and claims handling services to insurers. Generally, these jobs require strong analytical skills and a deep understanding of insurance products and policies.

Salaries for Other Insurance professionals in the Western Cape vary widely depending on factors such as experience, company size, and industry sector. Broadly speaking, salaries typically fall within the R500 000 – R1 200 000 per annum range, although actual figures can be higher or lower, depending on individual circumstances. It’s worth noting that salaries can also vary significantly between smaller independent agents and larger multinational insurers.

Common skills for Other Insurance roles include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, a solid understanding of insurance laws and regulations, and the ability to work effectively in a team environment. Other essential skills may include proficiency in software applications such as policy administration systems or claims handling tools. Generally, professionals with experience in financial services, law, or other related fields can bring valuable skills and expertise to OI roles.

Industry sectors that commonly employ Other Insurance professionals include the financial services sector, technology industry, and manufacturing sector. These industries often require specialized insurance products and underwriting expertise to mitigate risks and protect assets. In addition to these sectors, the healthcare and construction industries are also significant users of OI services.

Career development opportunities for Other Insurance professionals in the Western Cape are generally strong, with many companies offering training and development programs to enhance skills and knowledge. Typically, career progression involves taking on more senior roles within an organization or seeking opportunities in related fields such as underwriting, claims handling, or risk management. With experience and expertise, OI professionals can also consider starting their own independent agencies or consulting practices.

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This information provides general career guidance. Actual salaries and requirements vary by employer.



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