Actuarial Analyst - Pricing

Bryte Insurance Company Limited

Gauteng, South Africa


Sep 15

The role holder will be responsible to performs routine Pricing tasks as assigned requiring minimal direct supervision; performs more complex analyses under the supervision of more senior actuaries. Key Tasks and AccountabilitiesGeneralProvide basic actuarial services with minimal supervision by a more experienced actuary.Perform more complex analyses as assigned under the supervision of a more experienced actuary.Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to be able to provide first class service to internal customers.Actively pursue local actuarial qualification and demonstrate consistent progress toward designation.Pricing specificUnder general direction, support the pricing of new/renewal business, development of effective premium/rating structure, the formal Profitability Review process and development of strategies in support of business objectives. Provide support for management of profit margins on new and renewal business. With appropriate review and guidance from Manager, coordinate, prepare and perform actuarial analyses including analysis of loss and expense reserves as relates to pricing adequacy and strategic direction. Provide consultation and technical expertise on actuarial models and risk issues, and support Market Facing and Technical Underwriters on pricing decisions. Business Support specificSupport actuarial services related to Risk Based Capital model development, parameterisation and allocation activities.Perform data analytics and/or reinsurance analysis.Relationships:InternalActuarial business partnersLocal Reserving or Pricing ManagerUnderwritingClaimsFinance (FAR and PPM)ExternalMinimal external interaction Network of contacts within the actuarial profession

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