OUTsurance Careers – Personal Lines Motor Pricing Actuarial Analyst

Website OUTsurance

Job Description:

The successful candidate will form part of the personal lines motor pricing and product development team. The main responsibility of the candidate will be to build and improve pricing models to achieve set business targets.

Job Responsibilities:

  • Developing and designing new products to enhance the product offering to clients
  • Building and implementing pricing models using actuarial pricing techniques which includes data preparation, risk factor identification, applying different modelling techniques including Generalised Linear Models, documentation of modelling process and system implementation
  • Presenting results to senior management and other stakeholders
  • Monitoring loss ratios and other key performance indicators to identify opportunities to improve pricing models and/or product design features
  • Understanding the different data sources and the value of the input data provided
  • Using statistical models to find appropriate solutions for business problems across the company

Job Requirements:

  • Must have a passion for working with numbers and analysing data
  • Preferably also completed or in progress of completing the Actuarial Risk Management exam (A3)
  • Honours Degree in Actuarial Science
  • Successfully completed or in progress of completing the Foundation & Intermediate Technical actuarial examinations (A1 & A2)
  • Ideally have experience in SQL and/or C#
  • Be able to communicate effectively with a wide variety of stakeholders
  • Good academic track record
  • Solid interpersonal skills to work effectively alongside a variety of different stakeholders
  • Enjoy finding unique solutions to problems and implementing these solutions
  • Must be a self-starter who can successfully manage several different tasks simultaneously
  • Should have a strong affinity towards coding and designing robust solutions
  • 0-3 years’ experience in a short term actuarial analytics role or motor pricing role.

Job Details:

Company: OUTsurance

Vacancy Type: Full Time

Job Location: Centurion, Gauteng, SA

Application Deadline: N/A

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