Senior Actuarial Specialist - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape 8 days ago 23-11-2021 8:26:36 PM
Senior Actuarial Specialist
Cape Town and Sandton

Maintain Group Assurance Products’ (GAP) excellence in pricing of large group schemes, with a focus on the development and maintenance of pricing methodology and pricing tools.

Interact with clients, intermediaries and internal stakeholders at all levels.
• Pricing of large and complex group risk arrangements, ensuring the retention of profitable business and that new business is written on a competitive but also financially sound basis
• Develop, enhance and maintain all aspects of experience-rating methodology and assumptions for large group risk schemes, particularly in light of emerging covid-19 experience
• Development and maintenance of innovative pricing tools with a focus on improving accuracy, efficiency and facilitating actuarial judgement through analytics
• Managing both the profitability and volatility of the portfolio through the use of reinsurance, and designing tools to support this function
• Continuous improvement of pricing and business processes
• Automation of models to enhance efficiency
• Ensure compliance with model risk policy as part of the risk management framework
• Accountability for the development and maintenance of appropriate IT infrastructure to support group risk pricing
• Training & development of junior actuarial students
• Bachelors Degree (B): Actuarial Science (Required)
• Senior actuarial student making good progress with actuarial exams (exceptional candidates who don’t meet this requirement may be considered)
• At least 3 years actuarial experience
• Exposure to group risk products or group risk pricing roles would be a distinct advantage
• Strong VBA and excel skill
• Ability to think different in developing client-centric solutions l23.11o