Segment Pricing Actuary (Australia & NZ)

Faraday; Cape Town; On-site; ZAR 300,000 - 400,000; Full time

Job summary

A leading reinsurance company is seeking a Segment Pricing Actuary based in Cape Town. The role involves developing pricing bases and managing in-force treaties for Australia and New Zealand. Ideal candidates will have a minimum of 5 years' experience in pricing retail business and excellent communication skills. This position offers exposure to new markets and collaboration with international teams.

Qualifications

• Minimum of 5 years experience as a qualified actuary.
• Experience in pricing of retail business is essential.
• Exposure to mortality and morbidity experience studies.

Responsibilities

• Develop Terms of Trade/Pricing Bases for Australia and New Zealand.
• Manage in-force treaties and pricing reviews on existing business.
• Support tenders from existing and new clients.

Skills

Qualified actuary

Excellent communication skills

Collaborative working style

Independent working ability

Tools

VBA

SQL

R

Job description

Overview

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

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

Key Responsibilities

Gen Re currently offers an excellent opportunity for a Segment Pricing Actuary (Australia & NZ) based in our Cape Town office. This role provides exposure to new markets and is a pricing actuary position in our Segment Pricing team based in Cape Town, working closely with our Australian office to provide support with pricing, in-force management and development of bases for Australia and New Zealand. 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 for this role will be:

• Responsible for the development of Terms of Trade/Pricing Bases for Australia and New Zealand
• Responsible for management of in-force treaties and pricing reviews on existing business
• Support with tenders from existing and new clients
• Risk exposure assessment and management

Qualifications & Experience

Essential:

• Qualified actuary with a minimum of 5 years experience
• Experience in pricing of retail business
• Prepared to work across multiple time zones
• Highly collaborative in working style & approach
• Able to work independently
• Excellent communication skills that enables them to summarise complex information
• Exposure to mortality and morbidity experience studies

Desired:

• Reinsurance pricing experience would be an advantage
• Experience of Australian and/or New Zealand life insurance an advantage
• Actuarial modelling skills (GGY Axis an advantage)
• Coding skills in VBA, SQL, R or other statistical coding environments
• An interest in analytics and modelling mortality/morbidity experience

Contact

Human Resources

Our Address

General Reinsurance Africa Ltd. (Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, 3 Dock Road, V&A Waterfront, Cape Town, 8001, South Africa

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.