Senior Specialist: - Pricing - Insurance industry (short term insurance). Rneg. Randburg.

Outline: -

To develop and maintain pricing models and construct and review Product Pricing, Revenues, Costs and overall competitiveness and profitability, To project plan product concepts, analyse and interpret data and provide recommendations on product offerings, pricing design and construction. Predicative analytics and data or market insights is also a requirement

Requirements: -

BSc Honours (Mathematical Statistics) / BSc Honours (Actuarial Science) Including CT1-CT9 (A100's; A200's and A401)

Completed CA1 (A301), one ST exam (preferably F103 or ST7/8)

Pricing experience in the Short term Insurance Industry will be an advantage

Responsibilities: -

Determine pricing for regulated and non-regulated products and ensure they are accurate, competitive and profitable
Analyse the cause of loss ratio and other relevant factors to be able to provide recommendations and assumptions for pricing models.
Continuously track product profitability and detailed tracking of the revenue and costs by understanding of all the levers of profitability and executing appropriately to pull these levers
Strategy formulation and execution including Implementing new pricing methodology and concepts in response to the change in market