Actuarial Manager – SA0839

Life Insurance
Johannesburg (SA)
Posted 1 week ago

Our client is looking for a qualified actuary to take ownership of product development and pricing for non-underwritten life products and provide actuarial insights and support to business.

Responsibilities will include:

  • Ownership of the innovation initiatives of the allocated product set
  • Coordinate and conduct original research to support the strategic objective of innovation
  • Maintain comprehensive knowledge of the life insurance market place
  • Ensures that on an ongoing basis the products are consistent with strategic objectives, business model and risk management approach.
  • Market products to distribution channels
  • Achieve the budgeted growth in utilization of benefits
  • Identify opportunities for growth, profit and efficiencies within the products and distribution channels
  • Provide adhoc product support and query resolution as required
  • Support the allocated distribution channel(s) to meet their product requirements
  • Monitor product performance against business cases and budgets
  • Motivate product and other opportunities to Exco
  • Ensure historic complaints and customer feedback is considered in development
  • Ensure that processes that meet the principles of Treating Customers Fairly are in place to support a product
  • Ensure that the product offering is compliant with regulations
  • Initiate remedial actions where product and distribution channel shortcomings are identified
  • Develop and sign off business cases for innovation and product projects
  • Ensure that on an ongoing basis product and disclosure documentation are appropriate
  • Ensure that on an ongoing basis the distribution channels used are appropriate for the product
  • Achieve new business embedded value targets for products
  • Ensure due diligence is completed and meets standards on any partner to be associated with the products
  • Ensure due diligence is completed and meets standards on any third party product provider that is used
  • Maintain a constructive relationship with the customer, underwriting, claims, admin and distribution teams
  • Ensure the training of head office staff, broker consultants, agents and brokers on new products and changes to products
  • Manage and develop staff members

Job Features

Job CategoryQualified Actuary
For more information, please contactWilhelm [wilhelm@sa3.co.za or +27 (0)82 823 9978]

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