Actuarial Pricing Specialist
4 weeks ago
Kshema is seeking an experienced Actuarial Analyst to join our Pricing Team. As an Actuarial Analyst, you will play a pivotal role in analyzing and developing pricing strategies for our insurance products.
Key Responsibilities:- Develop and implement pricing models and strategies for various insurance products.
- Work closely with the actuarial, underwriting, and product development teams to ensure competitive and financially sustainable pricing.
- Analyze market trends, competitor pricing, and customer behavior to inform pricing decisions.
- Collaborate with the underwriting and product development teams to ensure pricing strategies align with business objectives and risk appetite.
- Conduct profitability analysis and monitor the performance of pricing strategies, recommending adjustments as necessary.
- Prepare detailed reports, presentations, and visualization tools to communicate pricing analysis, results, and recommendations to senior management.
- Support the actuarial team in regulatory filings and compliance related to pricing.
- Engage in continuous learning to stay current with industry developments, actuarial practices, and regulatory changes.
- Progress towards actuarial qualifications with a recognized actuarial body is highly desirable.
- 1+ years of prior experience in an actuarial function within the insurance industry is advantageous, especially in pricing or related areas.
- Proficiency in MS Office Suite, VBA, SQL, and Python along with the use of emerging technologies like GPTs and Power Platforms is desirable.
- Deep understanding of actuarial principles, underwriting, regulatory environment, and product development processes.
- Strong analytical and problem-solving skills.
- Strong attention to detail and ability to handle complex data.
- Good communication skills, with the ability to present findings clearly and concisely.
- A team player with a proactive approach to tasks and projects.
Educational Qualification:
Bachelor's degree in actuarial science, mathematics, statistics, commerce, or a related field.
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