Our client is a multinational insurance and finance corporation. They are looking for a Qualified Actuary to join their Product and Strategy team in New Zealand as Head of Propositions. This role is responsible for ensuring the profitability of the company’s products taking into account shareholder requirements, customer value and the competitive market position.

Candidates who are interested should be a Qualified Actuary with at least 5 years’ post-qualification experience. You should have product development and pricing experience, as well as an understanding of shared value propositions. You must be an innovative and forward thinker with knowledge of behavioural science application and be able to oversee proof of concept and test and learn initiatives. You should embrace change and have an understanding of NZ life assurance legislative and statutory requirements. You should have experience in managing a team, be able to communicate and influence people at all levels throughout the business. You should also have strong analytical skills and be able to influence and communicate a bigger picture.

Responsibilities will include:

• Developing innovative new products including shared value product integration and design.
• Leading the development and ongoing management of the long term pricing philosophy and strategy.
• Leading the provision of financial and risk advice about short term tactical pricing moves.
• Leading the development of product design and pricing features to ensure that products meet the needs of customers and achieve the required return for the shareholder
• Leading the preparation of premium rates on a profitable basis after consideration of shareholder profitability, customer value and market position.
• Leading the monitoring and measurement of the success of product launches and campaigns.
• Leading the monitoring of the competitiveness of the company’s products from a pricing and remuneration perspective.
• Leading the review of assumption changes to Prophet and other models in respect of pricing and experience analyses.
• Leading the provision of advice to key stakeholders to ensure that appropriate consideration is given to customer value and good conduct in activities undertaken by the Pricing team.
• Leading the review of experience investigations for assumptions prepared by the Actuarial team.

For more information, please contact Wilhelm.