Actuarial Specialist
Cape Town

Assist with actuarial product management tasks.

• The product management by adequately balancing the objectives of the different stakeholders
• Profitability management of existing products
• Implementation of changes to align with legislation
• Identify system errors, propose the most appropriate way to fix these and ensure the successful implementation
• Ensure that clients are treated fairly through product design, communication and advice, and address any areas on the in-force book where improvement in this respect is required.
• (Co-)create the appropriate product enhancements/changes to be made together with other product specialists and segment managers
• Documenting and reviewing all existing product bases;
• Propose the appropriate enhancements/changes to existing products and benefits;
• Monitor the experience of important actuarial basis items (e.g., mortality, lapses, etc.) and propose and/or implement rectifying actions where appropriate.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry and legislative knowledge in order to propose the most relevant and innovative client solutions and comply with governance requirements.
• Providing the business requirements and supporting the implementation
• Contribute to continuous innovation through the development, sharing and implementation of new ideas.
• Improving client value through the levers that drive it;
• Legal and compliance requirements; Product, process and data improvements
• Produce special quotations for new and existing retail products.
• Test the implementation of system product changes.
• Providing support to the service areas in terms of product content
• Managing own performance and development
• Ensuring effective and consistent service delivery and support to both internal and external clients in line with the Company Values and Treating Customers Fairly Principles.

An actuarial or B-degree with mathematics or statistics as majors
Good progress with actuarial subjects;
2 - 3 years' relevant experience in product management, product development and/or product pricing in the individual life insurance industry required;
Proficiency in insurance products, contracts and knowledge of the relevant industry legislation and relevant industry agreements would be an advantage
Skills/experience in data management and extraction would be an advantage
Sound numerical skills and computer literacy is essential especially in the use of MS Excel and MS Word; m27.1m