Actuarial Pricing Analyst

Stanbic IBTC Bank

Constantia Kloof

6d ago

Job Purpose

To support the Pricing Manager, to assist in the development, improvement and implementation of the price and business optimisation for the products underwritten by Standard Insurance Limited (SIL) :

Build, maintain and validate database to provide a platform for statistical analyses and modelling.

Develop, maintain and implement cancellation, demand, and customer lifetime value models.

Monitor model results and highlight areas of improvement.

General Business Support

Perform ad hoc business-related tasks.

Key Responsibilities / Accountabilities

Organise and clean the data that is available to ensure up to date reporting.

Take all factors into account, ensure SIL’s demand, cancellation and lifetime value models for the different distribution channels are targeting specific levels of profitability.

Ensure the accuracy of models is maintained by conducting regular reviews of existing model performance.

Preferred Qualification and Experience

Minimum qualifications

3 year BSc or BCom with actuarial majors

Honours will be an added advantage

Certifications

At least 6 Actuarial exemptions / Exam passes through the ASSA

FAIS compliant

Minimum 2-3 years of short-term insurance experience

0-2 years of short-term pricing actuarial experience.

Understanding of insurance business principles.

Experience in SAS, Emblem and Radar or general coding skills will be advantages

Knowledge / Technical Skills / Expertise

Understanding of insurance business principles.

At least six exemptions / exam passes through ASSA

Experience in pricing multi-risk insurance products

Experience in machine learning algorithms will be an advantage

Experience in R would be advantageous

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