Senior Pricing Analyst - Commercial MMH260312-1, Centurion

Role Purpose This role is responsible for developing and managing pricing strategies and risk models for both new and existing commercial short-term insurance business. The incumbent will ensure pricing supports portfolio profitability, sustainability, and growth. A key aspect of the role includes translating complex actuarial concepts into clear, client-friendly language and supporting the development and enhancement of commercial insurance products.

Requirements&Experience&Qualifications

Bachelor’s degree in Actuarial Science, Statistics, Business Science, or Business Mathematics.

Minimum of 4 years’ experience in the short term insurance industry within:

actuarial modelling

pricing

product development

Exposure to commercial short term insurance is advantageous.

Demonstrated expertise in advanced pricing and product development is an added advantage.

Duties and Responsibilities Pricing&Modelling

Develop, maintain, and enhance market leading commercial short term insurance pricing models.

Identify and incorporate data improvements and rating factor enhancements into pricing models.

Monitor model performance against actual experience and proactively address identified weaknesses.

Implement pricing strategies for new and existing business to support growth and profitability objectives.

Product Development&Governance

Support the development of innovative commercial insurance products and maintain existing product sets.

Ensure strong governance is applied to all pricing development, model changes, and deployment processes.

Business Support

Provide data driven insights and analytical support to business stakeholders.

Communicate complex actuarial and pricing concepts clearly to non technical audiences.

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