Junior Actuarial Specialist
Sandton

Responsible for pricing calculation (policy changes) system testing, production support and competitor pricing analysis but can also extend into the pricing and profit testing of protection products as well as other business engagements and ad-hoc pricing support.
• Pricing & Profit Testing: Setting premiums for new product developments, and re-pricing existing products. Producing and analysing financial and client value metrics to support premiums, such as VNB, profit & reserving profiles and capital etc. Compiling and analysing competitive positioning
• System Testing: Providing technical input into the system testing of technical premium calculations.
• 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, as well as maintaining and enhancing existing models.
• Business Engagement: Engaging with IT, marketing, claims and various other areas of the business to obtain data and ensure that premiums and premium changes are calculated and implemented successfully and communicated appropriately.
• Bachelors Degree (B): Actuarial Science (Required)
• Actuarial student with a minimum 4 credits
• Strong technical skills and attention to detail
• Experience in MS Excel & VBA, Python, Prophet would be a distinct advantage l13.11o