Product Innovation Actuary
Sandton

Engage in product design, idea evaluation, building business cases for a number of objectives, which include making partnership and investment decisions, and building direct to customer and business to business product solutions.

• Creates business cases by building cashflow models to assess and offer strategic insights into different partnership and innovation opportunities to management and Exco.
• Valuing business cases and early-stage business models for strategic investment and partnership considerations
• Provides technical actuarial input to special project teams or ad hoc investigations.
• Provides input to product development and pricing processes to ensure that the appropriate products are provided to the market.
• Ensures that all issues and risks are covered.
• Conducts accuracy checks, manipulates and analyses data to draw conclusions and make recommendations.
• Converts complex concepts into client/user friendly format/terminology.
• Communicate and liaise with relevant colleagues across the value chain for product development, including the evaluation of ideas and suitability of recommendations.
• Make recommendations to management on the development of new and existing products, including pricing, design, profitability, market position and new opportunities.
• Works with distribution channels as an expert support and to assist with enhancing sales.
• Lead in the development and enhancement of the solutions / products in line with specified business requirements.
• Continually research and advise on new market opportunities for financial solutions.
• Gives input to the creation of the marketing message to be used for each product.

• Qualified Actuary
• Actuarial expert knowledge on products l5.5o