Group Life Actuarial Specialist – SA0900

Life Insurance
Johannesburg (SA)
Posted 5 months ago

Our large client is searching for a qualified actuary to support the development of the life product strategy.

Responsibilities will include:
• Execute the group life product strategy in partnership with other functional areas
• Understand the competitive landscape and general commercial and economic environment through market research in order to help inform product design
• Develop, review and maintain the group life product offering to ensure it remains competitive and meet specific customer needs
• Develop, review and maintain the group life pricing guideline and philosophy in partnership with the head of pricing
• Develop quoting process, including setting appropriate decision-making mandates and review processes for larger schemes
• Monitor claims experience and profitability metrics against budget and risk appetite targets and recommend corrective action where required
• Ensure appropriate reinsurance structures are in place whilst considering the pricing, earnings volatility and concentration risk across the portfolio
• Collaborate with reinsurance partners to optimize the product and pricing proposition
• Understand and ensure adherence to regulatory requirements and internal governance and control policies and procedures

Job Features

Job CategoryQualified Actuary
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