SQL
Paul Selepe
Senior Pricing Analyst
Johannesburg
Summary
Number-savvy Actuarial Analyst with strong communication, quantitative and analytical skills. Expertise in assessing risks with policies and analyzing insurance rates. A 7-year background in insurance rate and risks analysis. Proficiency with databases, programming languages and spreadsheets.
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
9
9
years of professional experience
Work History
Senior Actuarial Analyst
Old Mutual Insure
03.2021 - Current
- Accountable for management and implementation of pricing strategy and model across all product sets and distribution mechanisms nationally Understand end-to-end customer value chain to identify opportunities to improve profitability of t product offering through risk based selection and / or product rationalization / design
- Manage rate change process for existing products and rate design & implementation for new products across platforms to ensure that the organization operates on a profitable and financially viable basis through an optimized pricing model.
- Developed pricing models to optimize premium structures and maintain competitiveness in th market.
- Evaluated adequacy and competitiveness of current pricing models for personal insurance products.
- Prepared presentations and reports outlining findings and recommendations.
- Performed comprehensive analyses of competitor products to identify market gaps and opportunities for growth.
- Provide Ad hoc analytical support and in-depth investigations for actuarial purposes e.g. (Claims; CPI, Procurement), SIU / Fraud
- Monitor market conditions, competitive landscape, regulatory and technological changes to ensure pricing strategy remains relevant
- Compile Portfolio Management reports for entire division
- Contribute to specialized analytical assignments and projects where required
- Presented findings from actuarial analyses to executive leadership teams for informed decision-making on business objectives.
- Apply advances actuarial/statistical techniques in analyzing pricing data
- Provide support to operations as required
- Mentored junior analysts, enhancing their technical proficiency and fostering collaborative work environment.
Pricing Analyst
Telesure Investment Holdings
08.2019 - 02.2021
- Improved pricing strategies by analyzing market trends and competitor pricing data.
- Managed portfolio of key accounts, ensuring alignment of pricing strategies with client expectations and contractual agreements.
- Conducted regular price reviews, maintaining up-to-date knowledge of industry trends and competitor activities.
- Developed effective pricing models, resulting in more competitive product offerings.
- Monitored promotional campaigns'' effectiveness to assess their impact on overall sales performance and recommend adjustments when necessary.
- Identified potential risks associated with specific pricing decisions, aiding risk mitigation efforts across organization.
Pricing Analyst
Innovation Group
12.2017 - 07.2019
- Preparing data for monitoring and modelling purposes
- Reviewing current pricing methodology
- Reviewing claims inflation
- Implementing GLM models for warranty products
- Evaluated product performance metrics, enabling better-informed decisions on price adjustments or product discontinuation.
Pricing Analyst
Bryte
01.2015 - 11.2017
- Validated existing actuarial assumptions with updated market data, ensuring alignment with current conditions.
- Reviewed policyholder experience studies to identify trends affecting future claim costs, informing premium rate adjustments as needed.
- Identified trends and patterns in claims data, resulting in actionable insights for underwriting strategies.
- Developed customized pricing models for niche insurance markets, increasing profitability through targeted product offerings.
- Streamlined data analysis processes for improved efficiency and faster results in pricing models.
- Provided statistical analysis of how proposals would impact profitability and competitiveness.
Education
Bachelor of Science - Actuarial Science
University of Free State
Bloemfontein, South Africa 04.2001 -
Skills
Pricing strategy
undefinedAffiliations
Member of Actuarial Associate of South Africa
Software
SAS
Python
Microsoft
Timeline
Senior Actuarial Analyst
Old Mutual Insure
03.2021 - Current
Pricing Analyst
Telesure Investment Holdings
08.2019 - 02.2021
Pricing Analyst
Innovation Group
12.2017 - 07.2019
Pricing Analyst
Bryte
01.2015 - 11.2017
Bachelor of Science - Actuarial Science
University of Free State
04.2001 -
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