Onsite Pricing Analyst

Posted 2 days ago

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About the role

  • 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.
  • Strong planning and organisational skills.
  • P&C reinsurance experience.

Benefits

  • Professional development opportunities
  • Excellent work environment

Job title

Pricing Analyst

Job type

Experience level

JuniorMid level

Salary

Not specified

Degree requirement

Bachelor's Degree

Location requirements

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