About the position
Purpose of the Role
The Actuarial Manager will play a pivotal strategic role in ensuring that the company's products are competitively and accurately priced to support long-term commercial objectives. This includes leading the development, review, and enhancement of pricing models, as well as conducting peer reviews to ensure accuracy and alignment with business goals. The role is responsible for evaluating product pricing, revenue streams, and cost structures to inform strategic decisions that drive profitability and market competitiveness. Key responsibilities include designing and executing pricing strategies that align with the company's growth and profitability targets, developing project plans and innovative product concepts
Requirements:
- BSc Degree in Actuarial Mathematics or Actuarial Science, Statistics
- Honours Degree in Actuarial Science, Mathematics, statistics or related equivalent to NQF Level 8.
- Must be a qualified Actuary, completed and passed professional exams
- Minimum of 5 years' experience in actuarial or pricing role or similar within the short-term insurance industry
Key functions:
- Prior experience in leading and managing a team.
- Demonstrated expertise in pricing and financial modelling
- Proficiency in actuarial modelling tools and software technically savvy, including building GLM and predictive Models
- Advanced skills in data analysis, predictive modelling, statistical analysis, and forecasting techniques
- Strong analytical mindset with exceptional problem-solving abilities
- Exposure to regulatory frameworks and compliance standards relevant to short term insurance pricing.
- Strong stakeholder management and communication skills, with the ability to present complex actuarial concepts to non-technical audiences.
- Up-to-date knowledge of local markets and the insurance industry sector.
- Experience in conducting market and competitive analysis, including research to understand pricing trends and competitor strategies.
- Proficiency in emerging technologies and tools, such as, Machine learning algorithms and AI applications for predictive modelling and data analysis and GLM pricing models.
- Understanding of data privacy regulations (e.g., GDPR, POPIA) and their implications for data collection, storage, and usage in pricing models.
Desired Skills:
- Actuarial Manager
- Product
- Pricing
- Underwriting
Desired Qualification Level:
