Our client is a global leading Insurtech business. They are looking for a Pricing Specialist to join their Pricing team. This role is responsible for developing and maintaining pricing models and constructing and reviewing product pricing, revenues, costs and overall competitiveness and profitability. 

Candidates who are interested should be a Senior Actuarial Student with at least 3 years’ pricing experience. Pricing experience in the short-term insurance industry or automotive value-add products will be advantageous. You should be a strategic and analytical thinker who pays attention to detail. You should be a planner and organiser that is good at problem analysis and solving. 

Responsibilities will include: 

• Determining pricing for regulated and non-regulated products and ensuring that they are accurate, competitive and profitable.  

• Developing, maintaining and updating pricing methodology and models for different types of channels, clients and products and their respective scenarios. 

• Analysing the cause of loss ratio and other relevant factors to provide recommendations and assumptions for pricing models. 

• Continuously tracking product and client profitability and detailed tracking of the revenue and costs by understanding all the levers of profitability and executing appropriately to pull these levers. 

• Strategy formulation and execution including implementing new pricing methodology and concepts in response to the changes in the market. 

• Developing actionable plans to drive up National Insurance Repository (NIR) and to reduce direct and transfer pricing expenses by understanding transactional behaviour, and driving changes in this base to reduce channel costs. 

For more information, please contact Jurie ([email protected] or +27 (0)82 474 1298).