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Pricing Analyst

Business Unit:  Discovery Employee Benefits
Function:  Data Analysis
Date:  9 Jul 2024

 

Achieve more than     YOU BELIEVE  

 

 

 

 

 

 

 

 

 

 

 

 

Discovery Corporate & Employee Benefits

 

 

Pricing Analyst

 

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

 

About Discovery Employee Benefits

Discovery Corporate and Employee Benefits is the first and only employee benefits provider to shape employee behaviour, creating healthier and wealthier workforces. It is an exciting business to be in as we reimagine the way retirement savings and life insurance are brought to companies and employees.

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 <=400 members with an API of less R2M.
  • Processing of Group Risk & Retirement Business quotes
  • New Business
  • Existing Business Audit
  • Renewal Analysis
  • Processing and issuing quotes within SLA
  • Suggest Rates band FCLs to the Team Leader for approval
  • Risk Rates review analysis for Team Leader decision making
  • Quality Processing and analysis of small scheme profile as per Actuarial Policy
  • Risk Assessment and analysis of scheme profile as per SOP
  • Conform to SLA agreements with relevant stakeholders
  • Provide quality service to BCs and SCs
  • Respond to and resolve queries from various stake holders
  • Training of Junior Pricing Analyst
  • Liaise with Reinsurers for facultative quotes on scheme outside our treaties
  • ESQS Training MA/BC/SC on loading quote requests
  • Workflow SLA Reports and General Reporting
  • ESQS General Report generation
  • System Development Testing, in QA and Production
  • Run all special projects as allocated by the Pricing Manager

 

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.
  • 2 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)

 

 

 EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.                    

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

Apply now »