Job Title: Actuarial Pricing SpecialistPosition Type: PermanentLocation: Centurion, Gauteng, South Africa (Hybrid/Remote option available)Role Overview:The Actuarial Pricing Specialist will play a critical role in pricing and managing risk for new and existing business within the Short-Term Insurance sector. This individual will be responsible for developing, implementing, and maintaining market-leading pricing models that ensure profitability and sustainability. The role requires expertise in actuarial pricing, advanced data analysis, and the ability to make data-driven decisions in a high-pressure, deadline-driven environment.Key Responsibilities:Develop and Implement Pricing Models: Design, develop, and maintain pricing models for Short-Term Insurance products. Continuously improve these models to reflect market trends, risk factors, and business objectives.Enhance Data and Rating Strategies: Identify opportunities to enhance data collection methods, rating structures, and analytics processes to inform and optimize pricing decisions.Monitor Model Performance: Regularly review pricing models to track their performance against actual outcomes, identifying weaknesses and making necessary adjustments to improve model accuracy and effectiveness.Develop Pricing Strategies: Lead the development and implementation of pricing strategies for both new and existing products. Ensure these strategies support growth and profitability goals for the business.Support Product Development: Work closely with cross-functional teams to support the development of innovative products, providing actuarial insights that drive product success.Governance and Compliance: Ensure that all pricing models comply with internal governance and external regulatory standards. Implement proper procedures for pricing deployment and ongoing monitoring.Data Analytics and Reporting: Utilize advanced data analytics to support business decisions, and provide clear, actionable insights for senior leadership and other stakeholders.Collaboration: Collaborate with various business units, including underwriting, claims, and product development, to ensure pricing models align with overall business strategies and objectives.Qualifications and Experience:Education: Bachelors degree in Actuarial Sciences.Professional Qualification: Qualified actuary or nearly qualified actuary.Experience: A minimum of 5 years experience in actuarial modeling and pricing, particularly within the Short-Term Insurance industry. Preference will be given to candidates with advanced pricing and product development experience.Technical Skills:Proficiency in actuarial software and tools, including SQL, SAS, R, Python, and Earnix.Advanced proficiency in Microsoft Excel, particularly with functions like pivot tables, data analysis, and macros.Experience with large datasets and programming to extract commercial value from data.Core Competencies:Analytical Thinking: Strong analytical skills with the ability to develop and interpret complex models and data.Problem-Solving: Ability to identify areas for improvement in existing models and create innovative solutions.Attention to Detail: Exceptional attention to detail and accuracy when building and testing pricing models.Project Management: Ability to manage multiple projects simultaneously, prioritize tasks, and meet deadlines in a fast-paced environment.Communication Skills: Strong written and verbal communication skills, capable of presenting complex actuarial concepts clearly to non-technical stakeholders.Initiative: Self-starter with a proactive approach to problem-solving and driving improvements within the pricing function.Desired Skills and Attributes:Passion for Short-Term Insurance (STI): Strong interest in STI products and pricing models, with a deep understanding of the dynamics that drive the market.Ownership & Accountability: Ability to take ownership of projects and deliver results independently while collaborating effectively with cross-functional teams.Adaptability: Ability to perform under pressure and adapt to changes in business needs or market conditions.Creative & Innovative Thinking: A creative approach to pricing and risk management, always looking for new ways to enhance processes and models.Compensation:The role offers a competitive salary and benefits package, with performance-based incentives.