Actuarial Product Specialist

JVR Software; Johannesburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Unknown Insurance Co in Johannesburg is seeking a Senior Actuarial Product Specialist to support the Product Manager and team in delivering pricing, product development, and governance excellence.

The role requires strong analytical skills, collaboration with stakeholders, and the ability to drive product value propositions while ensuring regulatory alignment.

Qualifications

• 5+ years experience in Financial Services.
• 3 years life insurance experience.
• SQL knowledge would be advantageous.
• Newly or nearly qualified Actuary.

Responsibilities

• Interrogates research results to create the product CVP.
• Define and review product specifications for new developments.
• Technical pricing (assumption setting, premium calculation, pricing review and projections).
• Ensure alignment of new and existing products to legislation and guidelines.
• Monitor ongoing performance and meet development KPIs.
• Sign-off customer-facing documentation and governance compliance.
• Support Operations and Distribution with product needs.
• Facilitate idea generation and product concept evaluation with stakeholders.
• Redevelop products and deploy updates based on feedback and KPIs.
• Provide project plan oversight for changes/innovations.
• Guide and mentor team members.

Skills

Pricing

Education

Newly or nearly qualified Actuary

Tools

SQL

Job description

A leading insurance company is looking for a Senior Actuarial Product Specialist to join their team of professionals in Johannesburg.

In this role, you would assist and support the Product Manager and team to meet objectives. You would be technically strong with a passion for people, products, and pricing.

Key requirements:

• Interrogates research results and extracts conclusions that will enable the creation of the product customer value proposition (CVP)
• Define and review product specifications for new product developments
• Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new products and benefits
• Ensure alignment of new and existing products to legislation, industry guidelines or codes
• Monitor ongoing performance of products and ensure benefit development objectives are met
• Providing sign-off of customer-facing documentation and ensuring that these are compliant with Governance standards
• Ad-hoc projects and investigations in support of business enablement
• Provide product support to other internal departments such as Operations and Distribution.
• Facilitates idea generation, product concept definition and evaluation processes with stakeholders
• Redevelop products and deploy updates and enhancements based on feedback from all stakeholders, ongoing assessment of the effectiveness of product delivery and the performance of the product, as measured by the agreed key performance indicators
• Ensure completeness of the project plan for the implementation of changes/innovations
• Provide oversight and guidance to team members

Experience:

• 5+ years experience in Financial Services
• 3 years life insurance experience
• SQL knowledge would be advantageous

Education & certificates:

• Newly or nearly qualified Actuary

Salary:

• Salary: negotiable.
• Our client is offering a highly competitive salary for this role based on experience.