Reference Number HOL221007-1
Job Title Senior Actuarial Specialist (Commercial Pricing)
Business Unit Hollard Insure
Department Commercial Pricing
Job Family Actuarial
Job Type Classification Permanent
Reporting To Actuary
Number of Positions 1
Location - Town / City Parktown
Location - Province Gauteng
Location - Country South Africa
Job Advert Summary
Hello from Hollard
A new exciting Senior Actuarial Specialist opportunities has just become available in our Insure Risk & Underwriting area (Commercial Pricing Area).
About Hollard
Join the largest privately owned insurance group in South Africa and be part of a family like no other. Where all employees embrace The Hollard Way by being imaginative, innovative and choosing excellence. A diverse company offering flexibility and generous study support to actuarial students and growth opportunities to actuaries.
Role Objectives
This role will provide wide exposure across the range of pricing and portfolio management activities together with variety in work through interactions across the business. The role will support the fun and dynamic Pricing team with their pricing, monitoring and analytical functions. The product portfolio within Hollard Insure spans across personal, commercial and niche products giving the successful applicant exposure to a wide variety of products an ideal opportunity to widen horizons.
Key Responsibilities
Pricing & Portfolio Monitoring
- Assist with the design and pricing of products in line with the product development control This includes modelling, implementing, testing and monitoring of rates and discounts.
- Support the structuring and pricing of both inward and outward reinsurance
- Build tools and drive the adoption of these to support the pricing
- Support portfolio management by identifying poor performing segments and suggested remedial
- Co-ordinate the timeous provision of consolidated monthly and quarterly portfolio
- Providing guidance and direction to the data acquisition team to ensure they acquire the data for the pricing function.
- Liaise with Corporate Actuarial teams to optimise the cost of capital which needs to be allowed for in pricing.
- Establish and maintain relationships with Hollard Insure stakeholders key stakeholders include Distribution, Underwriting, Risk Management, Reinsurance, IT and Data
- Support Distribution teams on portfolio reviews and product development.
- Liaise with internal stakeholders in particular IT and Data
- Drive system implementation of models and
- Lead delivery of IT related projects in the Risk & Underwriting
- Provide support across the Risk and Underwriting function on analytical projects promoting underwriting
- Manage pricing processes in line with the Pricing
- Minimum of 3 to 7 years short term insurance
- Short-term technical pricing experience would be an advantage but strong technical candidates without pricing specific experience will be considered.
- SAM knowledge & Reinsurance experience is advantageous but not
- Statistical software experience would be an advantage R, Python, Emblem
- Data manipulation SQL, SAS, Advanced Microsoft
- Experience in supervising technical staff on projects is advantageous but not
- Matric
- Completed CTs (or A-levels) and CA1
