Senior Actuarial Specialist: Product Actuary
Johannesburg

• Interrogates research results and extract conclusions that will enable the creation of the product customer value proposition (CVP)
• Define and review product specifications for new product developments
• Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new products and benefits
• Ensure alignment of new and existing products to legislation, industry guidelines or codes
• Monitor ongoing performance of products and ensure benefit development objectives are met
• Providing sign-off of customer facing documentation and ensuring that these are compliant to Governance standards within the company
• Ad-hoc projects and investigations in support of business enablement
• Provide product support to other internal departments such Operations and Distribution.
• Facilitates idea generation, product concept definition and evaluation processes with stakeholders
• Redevelop products and deploy updates and enhancements based on feedback from all stakeholders, ongoing assessment of the effectiveness of product delivery and the performance of the product, as measured by the agreed key performance indicators
• Ensure completeness of the project plan for the implementation of changes/innovations
• Provide oversight and guidance to team members

• 3-year degree in actuarial science
• Associate or newly qualified actuary
• 5 to 10 years of experience in financial services with at least 3 years exposure to life insurance
• Ability to communicate to colleagues and management both verbally and in writing
• Ability to persuade and influence people through logical thought and reasoning
• Knowledge of SQL would be an advantage
• Broad Life insurance knowledge
• Broad understanding of insurance distribution methods and administration systems d20.12h