Pricing Actuary

About Africa Specialty Risks

Africa Specialty Risks (ASR) is focused on fostering sustainable economic development by addressing unmet insurance needs. The company offers local underwriting expertise, a vast distribution network, and access to global insurance capacity. Established in Africa with offices spanning the continent and the Middle East, ASR leverages regional market knowledge, data insights, and technical skills to assist capital partners aiming to expand within growing markets. ASR shares every risk it underwrites through balance sheets located in Bermuda, Mauritius, and Lloyd's Syndicate 2454. The company is dedicated to accelerating business growth through tailored services and innovative insurance solutions that promote development.

Responsibilities

• Take charge of and oversee essential pricing tasks such as account-level pricing assistance, benchmarking, rate-change evaluations, portfolio tracking, and detecting emerging market trends.
• Lead the recalibration and refinement of pricing models by thoroughly analyzing claims and exposure data, enhancing pricing elements and model parameters.
• Assess and optimize pricing methodologies to ensure they align with industry best practices, underwriter requirements, and business goals.
• Enhance pricing processes and models to improve automation, accuracy, and scalability, including transitioning from Excel-based tools to advanced, AI-driven platforms.
• Present regular portfolio analyses and performance reports, collaborating with Underwriting and management teams to agree on action plans and monitor results.
• Work closely with the data team to guarantee quality data collection that supports dependable pricing and reporting.
• Offer technical expertise and assistance to Underwriters regarding pricing models.
• Perform additional reasonable tasks as needed to support broader team aims and organizational priorities.

Experience and Skills

• Possess a BSc or higher degree in a quantitative discipline such as Actuarial Science.
• Have at least five years of relevant actuarial experience.
• Be progressing towards, or hold, an FIA or equivalent actuarial certification.
• Demonstrate expert-level Excel skills focused on designing robust models with strong controls.
• Show proficiency in SQL and Python or comparable programming languages.
• Exhibit strong analytical thinking and problem-solving abilities with a history of devising efficient, automated solutions.
• Adapt quickly and thrive in dynamic and changing environments.
• Have solid IT skills across the Microsoft Office suite.
• Communicate complex technical information clearly to non-technical stakeholders.
• Possess strong interpersonal abilities, capable of working both independently and collaboratively within teams.

Preferred Qualifications

• Experience in pricing within the general insurance sector.
• Near or fully qualified as an actuary.
• Excellent relationship-building capabilities with confidence in influencing non-actuarial personnel.
• Additional programming knowledge such as VBA, R, or Power BI.