Pricing Analyst (Senior) at Discovery Limited

Key Purpose of the role

To manage New Business quotes and queries, within time lines and to support the profitability of the book. To support the benefit enhancements on the existing book and to provide endorsements for new business that is onboarding.

Areas of responsibility may include but not limited to

The successful applicant will be responsible for but not limited to the following job functions:

• Risk Assessment & analysis for quote with 1000 member with an API of less R10M
• Processing of Group Risk & Retirement Business quotes
• New Business
• Existing Business
• Existing Business Audit
• Claims Experience rates quotes and schemes
• Processing Claims Experience
• Processing Endorsements
• Processing of non-standard benefits quotes requested by Services Consultant.
• Processing Claims analysis on for strategic schemes ie over 400 members with an API of less that R10m and above.
• Collaborating with Reinsurance to assess and implement risk rate solutions,
• Liaise with Reinsurers for facultative quotes on scheme outside our treaties.
• Run all special projects as allocated by the Pricing Manager.
• Evaluate the risk and apply sound judgement to set the final risk rates, evidence of health limits and any additional terms and conditions
• Interpret special requests and deliver accordingly
• Training Pricing Analyst on the risk pricing of strategic schemes and non-standard schemes.
• Analyzing the risk and the profitability of each scheme.
• Monitoring the profitability of existing strategic business 
• Analyzing the claims experience and making suggestions to the Pricing manager regarding Risk Exposures.
• Assist with the deployment of new and existing rating structures in line with product development control cycle
• Evaluate the risk and apply sound judgement to set the final risk rates, evidence of health limits and any additional terms and conditions
• Regular engagement with senior business leaders to provide technical input and commentary on pricing
• Asset Tier Allocations
• Ad-hoc requests from Pricing Manager, Installations, Claims, Underwriting
• Engaging with System Department in prioritizing developments and enhancements to systems

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 with Maths (essential)
• Must have passed a major Mathematics or Statistics course at first year level at Tertiary
• Maths or Actuarial degree would be advantageous but not essential
• Statistical knowledge advantageous.
• A qualification in the insurance industry advantageous.
• 3 years’ experience in Group Risk Pricing and data analysis.
• Computer literate: Microsoft Office: Word, Excel and Outlook
• Advanced Excel skills
• Keen knowledge of the insurance industry. Trends, new developments and other underwriter’s objectives (Advantageous)