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Pricing Actuary - Gauteng

Watershed Consulting

Business Unit: Life Product and Pricing Providing technical support to the Life Business in South Africa and neighbouring territories Provides technical support to Rest of Africa portfolio. Derives tender rates for each new individual life business proposition. Responsible for individual facultative quotes and renewals from technical and risk management. Disseminates research to Business Development (Life). Builds technical profile in the industry (e.g. delivery of technical content to seminars, conferences etc.). Responsible for building technical depth in the unit – ensure staff become functional experts. Ensure optimal process efficiency e.g. quotation turn-around, managing client queries. Supports overall Life Business strategy & risk management function. Solutions include: Individual life products Credit Life products Funeral Schemes Qualifications Preferably a newly qualified actuary and otherwise a senior actuarial student (less than 2 subjects outstanding) Ability to work under pressure 3+ years’ relevant experience in Life insurance or reinsurance Pricing experience with sound technical understanding of life insurance dynamics Sound knowledge of mortality and morbidity rate setting and experience Strong analytical skills, statistical skills and attention to details Ability to multi-task wide range of deliverables Excellent verbal, communication, presentation and negotiations skills Excellent skills in actuarial modelling packages / VBA/Excel R850K + per annum

Qualifications Preferably a newly qualified actuary and otherwise a senior actuarial student (less than 2 subjects outstanding) Ability to work under pressure 3+ years’ relevant experience in Life insurance or reinsurance Pricing experience with sound technical understanding of life insurance dynamics Sound knowledge of mortality and morbidity rate setting and experience Strong analytical skills, statistical skills and attention to details Ability to multi-task wide range of deliverables Excellent verbal, communication, presentation and negotiations skills Excellent skills in actuarial modelling packages / VBA/Excel

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