Actuarial Analyst – Parametric Crop Insurance

Santam Insurance; Johannesburg; On-site; ZAR 700,000 - 1,100,000; Full time

Job summary

Santam Specialist Business is seeking an Actuarial Analyst – Parametric Insurance, based in Alice Lane and reporting to the Business Head: ROA and Parametric Crop Insurance. The role focuses on designing, pricing, monitoring and sustaining parametric products for the agri crop portfolio.

The candidate will analyse weather and environmental data, develop pricing models, and support governance and risk management across product lines.

Qualifications

• Degree in Actuarial Science, Mathematics, or Statistics.

Responsibilities

• Provide actuarial expertise to support design, pricing, monitoring and reporting of parametric insurance products.
• Analyse weather, satellite and environmental data to support product pricing.
• Develop pricing methodologies, assumptions, rating structures and benefit designs.
• Support automated claims assessment and payout calculations.
• Collaborate with Underwriting, Distribution, Claims, Risk and Operations to implement parametric solutions.

Skills

Actuarial Science

Mathematics

Statistics

Education

Actuarial Science/Mathematics/Statistics degree

Job description

Santam Specialist Business is seeking an Actuarial Analyst – Parametric Insurance, based in Alice Lane and reporting to the Business Head: ROA and Parametric Crop Insurance. The role focuses on designing, pricing, monitoring and sustaining parametric products for the agri crop portfolio.

The candidate will analyse weather and environmental data, develop pricing models, and support governance and risk management across product lines.