|Company||Bryte Insurance Company Limited|
|Location||Johannesburg, Gauteng, South Africa|
Bryte Insurance Company Limited is the premier, proactive commercial risk specialist in Southern Africa. Applying our unparalleled sector insights, proven expertise and foresight, we partner with customers and brokers to protect their businesses and improve their risk profile across the continent. Bryte Insurance Company Limited approaches customer risk with purpose, proactively working with brokers and customers to enable better risk decisions.
The Bryte Insurance Pricing Team services all short term insurance market segments for the company, i.e. Commercial, Personal Lines and Corporate. We price all lines of business, e.g. property, motor, engineering, transport, liability, etc.
We are looking for suitable candidates to join our STI pricing team. The team develops its members to become STI pricing specialists, whereby they learn to set, monitor and maintain a short term insurer’s pricing bases and review pricing on large accounts, UMAs and other insurance partners. Ultimately the incumbent will combine analytical prowess, in depth underwriting acumen and communication skills to influence and direct business activity.
Experience would determine where they start their learning. We cover all aspects of the short term insurance pricing problem, e.g. rules engine development and maintenance, loss ratio and pricing basis performance monitoring, per peril pricing basis reviews using GLM and other techniques, as well as maintain and benchmark large commercial risk pricing bases. Techniques range from deterministic to stochastic.
Software exposure that would be gained in our area includes: Microsoft Office Excel, Word, VBA programming, Data wielding using SAS, Modelling software from Willis Towers Watson, i.e. Emblem, Classifier and Radar, Geo-spatial analytical software from GRIP, i.e. SpatialKey, DuckCreek Rules Engine, Qlikview, etc.
We typically employ actuarial students from CT level to qualified actuaries. We, through effective project planning and management, are able to adhere to and fully support Bryte Insurance’s Actuarial Study Policy. In terms of this study policy significant financial and study leave support is afforded to students. The Bryte actuarial community services the business in the areas of Claims Analytics, Pricing, Capital and Reserving. Claims Analytics. The Pricing team reports into the Chief Underwriting Officer, while Capital and Reserving report into the Chief Financial Officer.
|Job Functions||Analysis,Data Analysis|
Key Tasks and Accountabilities
•Provide pricing services with minimal supervision by a more experienced team member.
•Run, check and maintain monthly data builds as input to various analyses using SAS.
Business Support Ad Hoc
•Perform claims analytics and reports
•Actuarial Committee Representative
Qualifications & Experience
•University degree in Actuarial Science or a related field.
Experience & Skills:
•Proficiency in English
•Energetic problem solver
|Job Closing Date||13/04/2021|