Actuarial Pricing Specialist

Guardrisk is South Africas leading provider of alternative risk transfer and specialist cell captive solutions. Since pioneering the cell captive model in the short-term insurance market in 1993 weve built a reputation for delivering customized risk financing solutions to a wide range of industries.

Now part of Momentum Metropolitan Holdings we offer structured short-term insurance products traditional cell captive facilities and access to professional reinsurance markets. Headquartered at The MARC in Sandton with offices in Mauritius and Gibraltar Guardrisk provides clients with both local expertise and international reach.

The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas focusing on client service and client solution development. This role forms part of a diverse team that includes experienced Data scientists Actuarial analysts and Qualified Actuaries. This position will be to assist with pricing product development and providing insights to the Guardrisk General Insurance (GGI) business. The GGI business is a strategic aspect of the Guardrisk Insurance business as it forms Guardrisks own risk-taking segment of the business. The role will providing technical support in the form of pricing product review and development of new and existing business for this business.

• Take accountability for all product development and pricing frameworks.
• Coordination with IT underwriters claims teams and product owners to develop holistic understandings of various products and processes within the space.
• Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
• Oversee the assessment and approval of new product offerings ensuring they are commercially viable and compliant.
• Review and ensure the accuracy of fellow team members work.
• Provide guidance to junior actuarial analysts.
• Improve tools and processes that monitor the accuracy of policy values.
• Investigate quantify and explain any deviations and advise on corrective measures.
• Ensure that all projects to be implemented adhere to audit and risk management requirements.
• Collaboration with external business support to define and develop the pricing models and processes.
• Support clients in the design and development of bespoke products with a focus on innovation profitability and sustainability.
• Manage financial performance reporting including monitoring product profitability and adherence to best-practice actuarial standards.
• Act as a senior technical advisor to both management and external stakeholders translating complex actuarial insights into actionable business decisions.

• An Actuarial or bachelors degree with mathematics or statistics as majors.
• Associate Actuary or making good progress with Associate level exams.
• 5 years relevant work experience.
• Modelling experience.
• Coding knowledge in SQL Python and R advantageous.
• Knowledge of insurance products contracts and relevant industry legislations.
• Sound numerical skills and computer literacy is essential especially in the use of MS Excel MS Word and SQL.
• Skills / Experience in extraction would be advantageous.

• Ability to examine and interpret data and provide insights.
• Strong technical expertise.
• Achievement orientation.
• Effectively manage time and ensure optimal productivity.
• Excellent analytical and communication skills.
• Results and solution focused.
• High degree of self-motivation and the ability to work independent of supervision.
• Naturally inquisitive mind set with a strong innovative tendency.
• Self Confidence.
• Flexibility to cope with pressure and setbacks.
• Delivering results and meeting expectations.