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
Data Analytics
Business Planning
Claims analysis
Predictive modeling
Profitability analysis
Actuarial Modeling
Actuarial Software
Affiliations
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 -