+27 (0) 82 823 9978 [email protected]

Lead Product Specialist – SA1483

Our client is a South African based financial services group. They are looking for a Lead Product Specialist to join their Structured Solutions team. This role is primarily responsible for the management of their retail discretionary participation business. 

Candidates who are interested should be a Nearly or Newly Qualified Actuary with at least 5 yearsโ€™ experience, with Risk Agility Financial Modeller experience being advantageous. You should have good knowledge of discretionary participation business as well as structured and/or guaranteed investments. You should have the ability to work accurately under pressure, pay high attention to detail and have strong analytical and problem-solving skills. You should also have good written and verbal communication skills with the ability to work in a team as well as independently.  

Responsibilities will include: 

  • Ongoing management of retail discretionary participation business, including but not limited to the oversight, evaluation and projection of assets and liabilities. 
  • Identifying improvements to the discretionary participation book or the management thereof, including obtaining approval for the changes from the various governance forums. 
  • Assisting in the development of corporate structured and/or guaranteed investments including conducting the necessary quantitative analysis, solution research, stakeholder engagement, compiling detailed product specifications and preparation of product approval documents for the various governance forums.  
  • Reviewing and proposing changes to discretionary participation business management actions.  
  • Recommending bonus rates (interim, final, claim, reversionary or terminal where applicable) for discretionary participation business. 
  • Reviewing and updating the bonus philosophy that may require creating new bonus smoothing formulae.  
  • Building, updating or reviewing appropriate models in order to quantify financial impacts appropriately 

For more information, please contact Henda ([email protected] or +27 (0)83 603 2961). 

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