Santam Re, based in Cape Town South Africa and operating globally, presents a company culture that is committed to fostering genuine connections with people.With over 106 years of experience, Santam is Africa's leading general insurance company with a market share exceeding 24% in South Africa. Our reinsurance business, Santam Re leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.This speaks volumes about our focus on best people practices, as well as our commitment to optimising and improving our business performance by selecting employees who are ready to thrive and perform with purpose.We recruit and invest in people who are driven to make a positive impact in the reinsurance industry; those who believe in collaboration and dedication, passion and performance, and with values and objectives that align to inclusivity and unlimited growth.Profitable growth is key to Santam Re's success, reason why we are intent on further strengthening our actuarial and underwriting expertise which are at the core of our business model. We have built our reputation on being strong in technical analysis, on being able to grasp the nuances of emerging markets, high quality service delivery and in the provision of optimal portfolios that respond to the needs of our brokers and cedents, today and for the future.WHAT WILL YOU DOSenior Pricing Actuary to report to the Chief Pricing Actuary & Chief Underwriting Officer.Applicants must be based in Cape Town, South Africa, or be prepared to relocate. The role also requires some travel.This dynamic role requires a passionate, energetic individual to handle reinsurance pricing activities, tools management and portfolio steering to manage exposure, profitability and growth.WHAT WILL MAKE YOU SUCCESSFULLPricing of Santam Re's larger contracts and complex treaties.The maintenance and development of Santam Re pricing tools.Reviewing pricing assumptions and output produced by the underwriting team.Maintaining a detailed understanding of the Santam Group, Santam Re underwriting guidelines.Reviewing slip and underwriting guideline checks performed by underwriters.Development and maintenance of dashboards for underwriters, as well as for client relationship managers who undertake their own market visits.Working with the reserving team to determine business segment profitability, on a quarterly basis.Research and development of reinsurance portfolio optimisation.Ongoing training and skilling in the interpretation of data & pricing principles.Market visits to acquire general underwriting and pricing views market stakeholders.QUALIFICATION AND EXPERIENCEA Qualified or Associate Actuary or as close as possible.Ten years' experience in reinsurance pricing or as P&C actuary in general.An understanding of how risk is shared between insurer and reinsurer on various reinsurance contracts.Strong analytical and problem-solving skills, with proficiency in mathematical/statistical techniques and software skills.Ability to collate, analyse and interpret statistical data.Knowledge of actuarial principles, insurance/reinsurance concepts, and risk management frameworks.Proven prior experience in P&C actuarial work.Strong written, verbal, and presentation communication skills.COMPETENCIESClient focus.Cultivates innovation.Flexible and adaptable.Drives results.PERSONAL SKILLS AND ETHICSSantam Re's people-first approach requires us to make smart decisions as we build on our delivery of reinsurance solutions. We are, therefore, highly driven to present industry-leading teams that are personable, approachable, have strong codes of personal values and ethics, and tolerance for other's beliefs and lifestyles, including their host nation's cultures. Beyond the capabilities and expertise required, the professional Santam Re Client Manager must also present and/or embrace the following:Excellent verbal and written communication skills.Advanced numeracy comprehension.Ability to work independently with limited supervision.High stress tolerance.Willingness to work to tight deadlines.Strong negotiation skills.Be a team player.Work flexible hours.Be proactive and take ownership of tasks.Willingness and desire to develop and grow, both as a person and professionally.Have a good work ethic.Multi-tasking abilities.Solid interpersonal and relationship-building skills.Good planning and organisational skills.Be a time management-focused individual.Enjoy working for the benefit of people.Stakeholder management.
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