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This career opportunity is available at Santam Syndicate 1918 for a Pricing Actuary: [Product] who will be based in the UK & have the right to work in the UK.
WHAT WILL YOU DO?
We are seeking a highly analytical and commercially minded actuary to lead the pricing and performance analytics of our [Product] portfolio. This role will be central to driving profitability within our business, requiring technical expertise, market awareness, and collaborative stakeholder engagement.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
Key responsibilities:
* Develop, maintain, and enhance pricing models for [Product] classes using actuarial best practices.
* Apply experience rating, exposure rating, and scenario-based pricing methodologies tailored to emerging risks.
* Work closely with underwriters on bespoke account pricing, structuring, and negotiation.
* Analyse portfolio performance, risk-adjusted profitability, and rate adequacy across regions and products.
* Identify loss trends and support the refinement of underwriting strategy.
* Contribute to business planning, rate monitoring, outwards reinsurance design, and capital allocation exercises.
* Support integration of broader augmented risk data, intelligence, and litigation trends into actuarial models.
* Collaborate with other experts to enrich models and assumptions.
* Contribute to the development of new or enhanced products.
Stakeholder Engagement:
* Work embedded in the underwriting team.
* Engage proactively with the Chief Actuary to ensure standards and best practices are maintained.
* Provide actuarial insights to claims, capital, and reinsurance teams.
* Present findings to senior leadership and contribute to internal committees and pricing reviews.
* Support regulatory, Lloyd’s, and internal audit requirements where needed.
QUALIFICATIONS AND EXPERIENCE:
* Qualified/near-qualified actuary or equivalent qualification
* Strong modelling skills including experience in statistical investigations and building pricing/predictive models
* 5-10 years’ experience in a technical role
* Excellent report writing and presentation skills
* Familiarity with pricing tools such as HyperX Radar / Emblem, or internal pricing platforms
* Leadership skills within own team and cross-functionally
* Good understanding of the insurance industry
* Knowledge of litigation trends, regulatory developments, and emerging risks in [Product]
* Experience in Lloyd’s or international (re)insurance markets
* Familiarity with [Product] risk exposure modelling
KNOWLEDGE AND SKILLS:
* Delivering results and meeting customer expectations
* Relating and networking
* Analyses
* Applying expertise and technology
* Achieving personal work goals and objectives
* Planning and organizing skills
* Problem solving
* Negotiating
* Business acumen/knowledge
* Business analysis
PERSONAL ATTRIBUTES:
* Drives results
* Deciding and initiating action
* Leading and supervising
* Client focus
* Flexibility and adaptability
* Cultivates innovation
* Strategic decision making
* Analytical thinking
* Business acumen
* Coaching and development
WHO WE ARE:
Santam Syndicate 1918 is a new wholly owned and capitalized entity of Santam Insurance, the largest insurance company in South Africa with a 107-year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network, and Lloyd’s global insurance and reinsurance licenses.
Our syndicate is a London-managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial, and other functions work closely to achieve superior underwriting results.
At Santam Group, we are committed to transformation and embracing diversity. This commitment drives us to create a diverse and inclusive workplace.
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