Actuarial Manager - Pricing

Hire Resolve; Gauteng; On-site; ZAR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Performance Bonus

Health Insurance

Job summary

Hire Resolve is seeking an Actuarial Manager specializing in Pricing to lead pricing strategy across insurance products. You will oversee pricing decisions, work with underwriting to ensure risk evaluation, and collaborate with finance and sales to align pricing with business goals.

You will manage a team of actuaries and analysts, mentor staff, and drive process improvements. This role requires strong pricing expertise, collaboration across functions, and regulatory awareness.

Qualifications

• 3 Year Actuarial Science Degree or equivalent qualification.
• Significant progress with actuarial exams.
• Experience in GI insurance pricing and pricing strategy.
• At least 4 years GI insurance pricing experience.

Responsibilities

• Develop and implement pricing models for insurance products.
• Analyze historical data to identify trends and develop predictive models.
• Lead a team of actuaries and analysts, mentoring and developing talent.
• Collaborate with underwriting, sales, marketing, and finance to align pricing with business goals.
• Provide pricing insights and reports to senior management and stakeholders.

Skills

Pricing modelling

SAS

SQL

Qlikview

VBA

Excel

PowerPoint

WTW

Earnix

Quantee

GI pricing

Education

Actuarial Science degree

Tools

SAS

SQL

Qlikview

VBA

WTW

Earnix

Quantee

Job description

Hire Resolve is looking for a skilled Actuarial Manager specializing in Pricing to join their client's esteemed team. In this role, you will be responsible for overseeing the pricing strategy for various insurance products, utilizing robust actuarial techniques to ensure profitability and competitiveness. You'll work closely with various departments to align pricing decision-making with business objectives and market conditions. You will work closely with peer pricing managers to manage the underwriting performance of various lines of business across specialist, commercial and personal market segments.

Responsibilities

Internal process

• Develop and implement effective pricing models for various insurance products.
• Analyze historical data to identify trends and develop predictive models.
• Collaborate with underwriting teams to ensure effective risk evaluation and pricing accuracy.
• Engage with regulatory bodies to ensure compliance with pricing standards and practices.
• Provide insights and reports on pricing strategies to senior management and stakeholders.
• Continuously monitor market trends and competitor pricing strategies to provide recommendations.
• Enhance existing pricing methodologies and contribute to the development of new pricing tools.

Client

• Act as a trusted advisor to internal and external stakeholders concerning pricing decisions.
• Work closely with sales and marketing teams to align pricing strategies with market demands.
• Facilitate workshops and presentations to communicate pricing models and their rationale to non-actuarial stakeholders.

People

• Lead a team of actuaries and analysts, fostering a culture of collaboration and continuous improvement.
• Mentor team members to enhance their actuarial skills and knowledge.
• Encourage professional development and provide training opportunities for the team.

Finance

• Analyze the financial implications of pricing decisions and their impact on overall profitability.
• Implement best practices for monitoring financial performance against pricing expectations.
• Collaborate with finance teams to ensure alignment between pricing and financial strategy.

Competencies required

• 3 Year Actuarial Science Degree
• Significant progress with actuarial exams
• Other relevant qualifications, courses, and training
• At least 4 years GI insurance pricing experience
• Experience in other actuarial functions, e.g. Capital and Reserving an advantage
• Experience of providing actuarial advice to senior management.
• Experience at prioritizing, resourcing, and planning.
• Ability to manage diverse work portfolio and team.
• Demonstrate ability to collaborate effectively across functions and influence outside of own function.

Software:

• Computer Literacy
• Accomplished Microsoft Office user, effective Power Point presenter and able to automate using VBA
• Accomplished SAS (preferable), SQL and Qlikview (and advantage) user, with proven ability to reconcile administration and claims transaction data to financials
• Accomplished pricing modelling software user, e.g., WTW, Earnix, Quantee, etc. (with optimising experience an advantage).
• Accomplished GI actuarial pricing specialist with in-depth familiarity with concepts, such as: Large Account Pricing, GLM modelling, Segmentation, Rate and Exposure Change, Premium and Loss Ratio Walks, Inflation and Frequency assumption setting, etc.
• Office and project management experience
• Familiar with GI pricing and portfolio management best practice an advantage.

• Training & Development

• Performance Bonus
• Health Insurance

Our client is offering a highly competitive salary for this role based on experience.

We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.