Segment Pricing Actuary

Gen Re Group; Cape Town; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

General Reinsurance, Cape Town Branch seeks a Segment Pricing Actuary to join the CUSAC Region pricing team. You will influence pricing across Canada, UK, Ireland, SA, Australia, and the Caribbean, and you will travel globally as needed.

The role requires strong technical pricing capabilities, excellent communication, and collaboration. A qualified actuary with life/reinsurance pricing experience and knowledge of mortality/morbidity studies is ideal.

Qualifications

• Qualified actuary with 1–5 years post-qualification experience.
• Pricing experience in reinsurance would be advantageous.
• Able to work across multiple time zones and travel globally.
• Experience with mortality and morbidity studies is a plus.

Responsibilities

• Review and assist with Terms of Trade development.
• Provide pricing support across all types of business.
• Assist with tenders from existing and new clients.
• Assess and manage risk exposure for pricing decisions.
• Conduct process reviews for pricing and monitoring.
• Perform pricing reviews on existing business.

Skills

Actuarial qualification

Pricing experience

Time-zone flexibility

Travel readiness

Collaboration

Independent work

Communication

Mortality morbidity studies

Education

Actuarial qualification

Tools

VBA

SQL

R

Job description

General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for Segment Pricing Actuary in our Life Australia, UK, SA, Canada division.

Key Responsibilities

This role is for a technical pricing actuary within our CUSAC Region which covers Canada, UK, Ireland, South Africa, Australia and the Caribbean. The ideal candidate will possess strong technical skills, communication skills and an in-depth knowledge of the Life Health insurance and reinsurance industry.

Primary responsibilities across the CUSAC Region:

• Review and assist with the development of Terms of Trade
• Pricing support in all types of business
• Support with tenders from existing and new clients
• Risk Exposure assessment and management
• Process reviews for actuarial pricing and monitoring
• Pricing reviews on existing business

Qualifications & Experience

Essential:

• Qualified actuary with 1-5 years post qualification experience. 5 or more years of work experience would be preferable
• Reinsurance pricing experience would be advantageous
• Prepared to work across multiple time zones
• Prepared to spend time outside of their home country as the role involves global travel
• Highly collaborative in working style & approach
• Able to work independently
• Excellent communication skills that enables them to summarise complex information and present at conferences.
• Exposure to mortality and morbidity experience studies

Desired:

• GGY Axis knowledge
• Actuarial modelling skills
• Statistical analysis including machine learning techniques to support experience reviews
• Coding skills in VBA, SQL, R or other statistical coding environments
• An interest in analytics and modelling mortality/morbidity experience