Senior Actuarial Specialist Product and Risk - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape more than 14 days ago 06-05-2022 10:59:14 AM
01-07-2022 10:59:14 AM
Senior Actuarial Specialist: Product & Risk
Sandton, Cape Town and Durban

Explore and develop group risk products from first principles. Involved in product reviews and enhancements.

• Assisting with and input into the development and implementation of a framework for performing regular product reviews
• Maintenance and/or enhancements of the existing group risk product range; e.g review of benefits and pricing, maximum benefits, policy contracts and terms and conditions
• Provide thought leadership and actuarial expertise to a cross-functional team reviewing key features of existing group risk product suite
• Provide technical oversight and support, i.t.o. group risk products to servicing areas
• Provide support in performing market research and competitor analysis to inform product strategy
• Identify, manage and mitigate risks (and associated controls) in the business relating to group assurance products and assisting with the reporting thereof to the relevant governing committees
• Managing of and reporting on both the inwards and outwards reinsurance requirements for the group risk products; including (inter alia) auto-treaty, facultative and international pooling arrangements
• Assisting in setting the strategic reinsurance strategy, both long and short term
• Training and development of junior actuarial students

• Senior actuarial student making good progress with exams (exceptional candidates who don’t meet this requirement may be considered)
• At least 3 years actuarial experience
• Strong analytical and technical skills
• Ability to run projects independently and apply first-principles thinking
• Exposure to products or pricing roles would be an advantage
• Product development experience would be an advantage
• Experience in the Group Risk or Employee Benefits industry would be an advantage l19.4o