Intermediate Actuarial Specialist - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 28-06-2022 8:29:42 AM
Intermediate Actuarial Specialist: New Entrant
Cape Town

Pricing and profit testing of retail protection products, including any new and innovative propositions for retail customers. Engage with various stakeholders including Finance, Product Design team and Experience and Analytics team.

Data: Producing data for the Pricing processes (Profit-testing model and pricing model) and conduct Competitor Premium analysis.
Pricing: Setting premiums for new product developments, and re-pricing existing products.
Profit Testing: Producing and analysing financial and client value metrics to support premiums, such as VNB, IFRS17 profit and reserving profiles.
Model development: Developing new models for profit-testing, as well as maintaining and enhancing existing models.
Product design: Providing technical input into the financial soundness, risk, client value and commercial viability for new product development proposals.
Stakeholder Management and Business Engagement: Support the line manager to provide input during engagements with senior stakeholders, and the various areas within the business. Ensure that premiums and premium changes are implemented successfully and communicated appropriately.

• Bachelor of Commerce (BCom): Actuarial Science (Required), Bachelor of Science (BSc): Actuarial Science (Required)
• Actuarial student with a minimum of 7 credits
• Protection Product knowledge, product development experience and modelling experience
• Experience with Prophet, DCS, SQL or Python l26.6o