Actuarial Pricing Specialist

In order to be considered the following is required:

• 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
• Ability to examine and interpret data and provide insights

Responsibilities:

• 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
• 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

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Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application. However, please keep a lookout on our website, , for available positions which you may be suited for.