Risk Specialist - Johannesburg Verfied

Salary Negotiable Johannesburg, Gauteng Johannesburg, Gauteng more than 14 days ago 07-09-2020 3:54:55 PM
02-11-2020 3:54:55 PM
Risk Specialist

Rosebank, Johannesburg

R700k

The risk management team is responsible for the overall risk rating for
Employee Benefit Risk scheme. Both new and renewal business, across South
Africa and other African businesses.

The prospective candidate should ideally have a thorough understanding of
Group Risk business for different products for South Africa and the rest of
Africa across both Life and Short-Term licenses.

This includes understanding of Systems, Processes and Procedures.

Liaise with all internal and external stakeholders as defined per risk
specialist.

Holistic overview of Employee Benefit Risk Business with specific emphasis
on sales, quotes, and operations.

A key part of the job will be profitable client retention focussed on
growing the Group Risk business.

* Management of existing risk book through re-rating of existing
schemes
* Vulnerable schemes management (existing business)
* Pricing and benefit design of large/complex new business
opportunities (special partners)
* Negotiation with clients, reinsurers, brokers, sales team on all
aspects linked to Group Risk Business
* Liaise with quotes team to ensure delivery of quotations
* Attend meetings with various stakeholders as required
* Assist with the audit of agreements and treaties, systems and
processes
* Ensure effective communication between all stakeholders with a view
to building and maintaining good stakeholder relationships
* Ensure accurate and timeous provision of information
* Staff and internal stakeholder training and development
* Implementation of strategic projects and business acquisitions
* Tracking outcomes of strategic initiatives and refining process
(actuarial control cycle)
* Resolve escalated technical queries and complaints
* Quality control of output
* Responsible for ongoing technical development and ongoing
maintenance of the quotation system in line with Group Risk IT strategy
including reinsurance treaty changes
* We are looking to fill a senior pricing analyst role with focus on
profit management on our existing scheme portfolio. This is focused on our
large schemes. Market exposure and experience is essential to be able to
appropriately fill the role.
*
* Interact at a senior level and engage with both external brokers,
clients and internal business managers. The need for extensive market
knowledge and experience is extremely important as the individual will be
exposed to sensitive discussions and engagements that can get very tricky at
times so they need to have the knowledge and ability to manoeuvre around
this while still making sure the clients we are dealing with are protected.
* A key part of the job will be profitable client retention focussed
on growing the GR business.
* Market insight and requisite business understanding

Qualifications, Experience, Knowledge and Skills

* Preferable Tertiary qualification (mathematical, statistical or
actuarial)
* At least 5 years Group Risk experience in a senior technical role
* Or actuarial student who would be interested to pursue a career in
the group risk pricing space, with the CT exams
* Extensive market exposure, knowledge and experience is essential to
be able to appropriately fill the role
* Strong understanding of the group risk industry
* Strong Technical acumen
* Strong Customer Relationship Management skills
* Knowledge of group risk products
* Broad knowledge of legal framework
* Strong Analytical skills
* Strong Leadership skills
* Interpersonal skills
* PC Skills (Word, Excel, Outlook, PowerPoint)
* Excellent communication (written and verbal)
* Ability to present to various stakeholders

Recruiter: Rooftop