Pricing Analyst - Sandton at Discovery Limited

Key Purpose of the role

The processing of new and existing business quotations.

Areas of responsibility may include but not limited to

• Liaise with internal client’s such as Servicing Consultants, Group risk Franchises, Administration and Management.
• Analyzing the risk and the profitability of each scheme.
• Monitoring the profitability of existing business - this is done during the revision process.
• Analyzing the claims experience and making suggestions to the Pricing Manager regarding Group Risk Terms.
• Knowledge of all the risk factors such as occupation and industry, admin and profit factors and their interdependency.
• Knowledge of all the Retirement (Provident & Pension Funds).
• Knowledge of components of Umbrella business Inclusive, Admin Cost, Exclusive
• Preparation and distribution of quote documents Group Risk and or Umbrella.
• Illustration of the value proposition of Discovery’s benefit enhancements.
• Analyzing of raw data
• Personal Attributes and Skills     

The successful candidate must demonstrate the following competencies:

• Highly analytical
• Delivering Results and Meeting Customer Expectations
• Planning & Organizing
• Speed and accuracy
• Competent and reliable
• Willingness to learn and give ideas
• Good communication skills
• Candidate needs to be a Self-Starter
• Deadline Driven
• Service orientated

Education and Experience

• Matric Mathematics (essential)
• Maths or Actuarial degree would be advantageous but not essential
• Experience in data analysis recommended.
• Computer literate: Microsoft Office: Word, Excel and Outlook
• Keen knowledge of the insurance industry. Trends, new developments and other underwriter’s objectives (Advantageous)
• A sound mathematical knowledge is essential.
• Statistical knowledge advantageous.
• A qualification in the insurance industry advantageous.
• Must have passed a major Mathematics or Statistics course at first year level at Tertiary
• 1 year Risk Pricing experience within the Insurance Industry