Actuarial Pricing and Analytics Specialist
Duties & Responsibilities
The role will offer you the opportunity to utilise and develop the following core competencies, among others:
Technical knowledge, by applying actuarial, statistical and IT knowledge to build and use models using tools like Prophet, R, SQL, Python or Exce
Actuarial judgement, in analysing results and using the result to drive decision-making
Taking ownership of pieces of work and driving delivery
Gaining commitment from senior stakeholders to accept proposed actions
You will form part of a diverse team of motivated and supportive individuals. You will be immersed in a powerful delivery culture and will experience great potential for personal development and growth.
Key Result Areas:
Pricing: Setting premiums for new product developments, and re-pricing existing products.
Profit testing: Producing and analysing financial and client value metrics to support premiums, such as VNB, IFRS17 profit and reserving profiles and SAM capital.
Product design: Providing technical input into the financial soundness, risk, client value and commercial viability for new product development proposals.
Analytics Performing experience analyses to inform actuarial assumptions for pricing and reserving, and enable data-driven decision-making.
Stakeholder management: Provide input during engagements with senior stakeholders, such as the chief actuary, segment finance leads and their teams, to communicate results, and obtain buy-in for proposed actions.
Model development: Developing new models for pricing and experience analyses, as well as maintaining and enhancing existing models.
Business Engagement: Engaging with IT, marketing and various other areas of the business to obtain data, ensure that new premiums and premium changes are implemented successfully and communicated appropriately.
Desired Experience & Qualification
Minimum of 11 actuarial exams and at least four years’ experience.
The following would also be advantageous:
Protection Product knowledge, product development experience and modelling experience