Export Credit Insurance Corporation Of South Africa Soc Limited (Ecic) Vacancies

In brief

**Overview** This role is for an Actuarial Analyst specializing in Pricing at the Export Credit Insurance Corporation Of South Africa Soc Limited (ECIC). Based in Centurion, ZA, this full-time position is within the Actuarial department and reports to the Head of Actuarial, with no subordinates. The primary purpose is to enhance pricing capabilities to support the growth of medium- to long-term (MLT) and short-term insurance (STI) business. This involves developing, enhancing, validating, and documenting pricing models, engaging with internal stakeholders on export credit risk pricing inputs, and mentoring junior staff. **What you will do** Key responsibilities include: * Developing, reviewing, and updating internal pricing models for STI and MLT products, considering reinsurance structures and related company valuation models. * Recommending premium rates that reflect expected losses, expense loadings, and appropriate profit margins relative to capital requirements. * Assisting in developing appropriate pricing methodologies for new products. * Ensuring pricing models are well documented, regularly calibrated, and validated. * Conducting pricing experience analyses and presenting findings to management. * Extracting and interpreting data from financial models to support pricing decisions and the expression of risk appetite for key sectors. * Contributing to the automation and optimisation of core pricing processes. * Collaborating with cross-functional internal stakeholders to research industry trends and compile reports on risks and opportunities. * Contributing to the development of related policies, such as the underwriting manual and reserving policy. * Supporting product development initiatives in collaboration with internal stakeholders. * Assisting with preparing information required for technical peer review and internal/audit purposes. * Supporting the annual assumption calibration exercise and validation of models used for reserving and capital calculations, particularly on expected loss calculation inputs. * Liaising with external actuarial service providers. * Assisting with reviewing the unit’s measures for enterprise risk assessment. * Attending project committee meetings when required. * Assisting the Unit Head with planning and tracking unit deliverables. * Mentoring and guiding actuarial graduate trainee(s) who support pricing, reserving, and capital management functions. * Supporting reserving and capital management workstreams as required to ensure overall unit success. **Requirements (from the original advert)** * **Qualifications & Experience:** * Relevant Bachelor’s degree in Actuarial Science, Economics, Financial Engineering, Mathematics, Statistics, or a related quantitative finance field. * At least five years’ experience in insurance pricing, credit risk modelling, reserving or economic capital modelling. * Experience with actuarial, statistical modelling or programming tools such as VBA, R, Python or SQL. * **Skills & Abilities:** * Strong model development, maintenance and validation skills. * Excellent analytical, problem-solving and data interpretation skills. * Advanced Excel capability and programming experience alongside proficiency in other Microsoft Office applications (Word, PowerPoint). * Understanding of relevant Prudential Authority standards. * Ability to work independently, use initiative and prioritise tasks effectively within tight deadlines. * Ability to communicate technical concepts clearly, both verbally and in writing. * Strong attention to detail and ability to deliver highly accurate outputs. * Ability to build effective relationships across the business and with stakeholders at all levels. * High degree of integrity and professionalism. * **Behavioural Competencies:** * Problem Solving: Demonstrates sound critical thinking skills and apply proven solutions appropriately. * Customer Service Orientation: The willingness and ability to give priority to customers, delivering high quality services which meet their needs. * Delivery: Translates business objectives into practical, prioritised and organised action plans; ensures plans are safely and successfully implemented. * Conflict Resolution: Identifies and pushes for solutions in which all parties can benefit. * Team Participation: Consistently offers relevant input to team discussions as issues are being clarified and solutions are being developed. * Flexibility: Available to work more than ordinary business hours. * Assertiveness: Demonstrates strong management qualities for the office of the CEO. **Who should apply** The ideal candidate for this Actuarial Analyst (Pricing) role should possess a relevant Bachelor’s degree in an actuarial or quantitative finance field and have at least five years of experience in insurance pricing, credit risk modelling, reserving, or economic capital modelling. They must be proficient in actuarial/statistical modelling or programming tools such as VBA, R, Python, or SQL, alongside advanced Excel and Microsoft Office skills. Applicants should demonstrate strong capabilities in model development, maintenance, and validation, coupled with excellent analytical, problem-solving, and data interpretation abilities. The role requires someone who can work independently, manage deadlines effectively, communicate complex technical concepts clearly, and build strong relationships with stakeholders. A high degree of integrity, professionalism, and an understanding of Prudential Authority standards are essential. Behaviourally, the candidate should be a critical thinker with a strong customer service orientation, focused on delivery, adept at conflict resolution, a collaborative team participant, flexible, and assertive. **Deadline** Monday, 2 November 2026 **Reference** Original posting: https://www.govpage.co.za/vacancies/export-credit-insurance-corporation-of-south-africa-soc-limited-ecic-vacancies-4 Source: govpage

Summary drafted with AI assistance from the original advert. The advert itself is the authority — how we use AI.

At a glance

• Python
• SQL
• Microsoft Excel
• Microsoft Office
• Customer service

Extracted automatically from the advert; confirm requirements on the original listing.

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