Pricing Analyst managing reinsurance contracts at Santam Re. Conducting market analysis and preparing renewal information in a collaborative team environment.
Responsibilities
Pricing analyst to report to the Head of Pricing.
Price Santam Re’s reinsurance contracts across geographic regions, conducting market analysis, and preparing renewal information dashboards and comparisons.
Collect, clean, and analyze information pack data to support the treaty pricing across regions.
Generate regular reports and dashboards that summarize pricing trends and key performance indicators.
Assist in preparing presentations and documentation for internal stakeholders.
Monitor industry trends, competitive pricing strategies, and regulatory updates.
Conduct research to gather relevant market data and benchmarks.
Support the team by summarizing findings and providing insights into pricing dynamics.
Understanding of the Santam RE Underwriting guidelines and underwriting process.
Close collaboration with Underwriting department and explaining of the modelling approach used to price a contract.
Ongoing training and skilling in the interpretation of data & pricing principles.
Possible market visits to acquire general underwriting and pricing views from market stakeholders.
Requirements
Bachelor’s degree in Actuarial science, Business Science, Mathematics, Statistics or a related quantitative discipline.
Minimum of 2 years of experience in pricing, risk analysis, or similar roles within the reinsurance or insurance industry.
If no reinsurance experience, then short-term insurance industry is preferred.
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, analyze and interpret statistical data.
Knowledge of actuarial principles, insurance/reinsurance concepts, and risk management frameworks.
Strong written, verbal, and presentation communication skills.
Ability to build and maintain good internal and external relationships as well as maintaining a high standard of professionalism.
A high degree of self-management, displaying an organised and measured approach to the workload and the clients.
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