Intermediate Actuarial Specialist – Product and Pricing Enablement

Jobtailor; Johannesburg; On-site; ZAR 520,000 - 780,000; Full time

Job summary

Jobtailor is seeking an Actuarial Analyst with at least 3 years in life insurance to drive product development and pricing. You will review pricing, conduct experience investigations and support policy administration changes.

Strong skills in Excel, Prophet and SQL/Python, plus 9 exam credits, are required. IFRS 17 knowledge is a plus and the role focuses on profitability drivers and stakeholder collaboration.

Qualifications

• Actuarial student with a minimum of 9 exam credits.
• At least 3 years actuarial experience within life insurance, protection products or a related actuarial function.
• Experience in product development, pricing and/or experience investigations.
• Understanding of life insurance products and profitability drivers.
• IFRS 17 knowledge will be advantageous.
• Advanced Excel skills.

Responsibilities

• Deliver product development and pricing, including product specifications, pricing reviews and experience investigations.
• Conduct product rules and pricing testing, including regression, new business, servicing and claims testing.
• Provide production support for missing functionality across policy administration systems.
• Develop requirements for system changes.
• Contribute to strategic projects and business initiatives across the Protection Product team.
• Collaborate with a wide range of stakeholders.
• Maintain actuarial models, assumptions, documentation and reporting processes.
• Identify opportunities to improve processes, controls and automation.
• Manage product and pricing mailbox queries.

Skills

Actuarial Experience

Product Development

Pricing Analysis

Advanced Excel

Prophet Modelling

SQL / Python

Education

BSc in Actuarial Science

Tools

Prophet

SQL

Python

Job description

• Deliver product development and pricing, including product specifications, pricing reviews and experience investigations
• Conduct product rules and pricing testing, including regression, new business, servicing and claims testing
• Provide production support for missing functionality across policy administration systems
• Develop requirements for system changes
• Contribute to strategic projects and business initiatives across the Protection Product team
• Collaborate with a wide range of stakeholders
• Maintain actuarial models, assumptions, documentation and reporting processes
• Identify opportunities to improve processes, controls and automation
• Manage product and pricing mailbox queries

Requirements

• Actuarial student with a minimum of 9 exam credits
• At least 3 years actuarial experience within life insurance, protection products or a related actuarial function
• Experience in product development, pricing and/or experience investigations
• Understanding of life insurance products and profitability drivers
• IFRS 17 knowledge will be advantageous
• Analytical and problem-solving skills
• Advanced Excel skills
• Experience with Prophet or similar actuarial modelling tools
• SQL or Python experience will be advantageous
• Strong data analysis and reporting capabilitiesBachelor of Science (BSc) in Actuarial Science (Required)
• Appointment may be made at a lower role size depending on the successful candidate's experience and exam progress
• Appointment made from the designated group in line with Old Mutual South Africa's Employment Equity Plan and the specific business unit

Core Competencies

Demonstrates expertise in product development and pricing within life insurance, with strong analytical skills and proficiency in actuarial modelling tools. Capable of collaborating with stakeholders to enhance processes and maintain actuarial documentation and reporting.

Highest-signal resume keywords

• Actuarial Experience
• Product Development
• Pricing Analysis
• Advanced Excel Skills
• Prophet or Similar Actuarial Modelling Tools

Hard Skills

• Actuarial Science
• Product Specifications
• Pricing Reviews
• Experience Investigations
• Regression Testing
• SQL
• Python
• Data Analysis
• Reporting Capabilities
• IFRS 17 Knowledge

Soft Skills

• Analytical Skills
• Problem-Solving Skills
• Collaboration

Certifications & Qualifications

• Bachelor of Science (BSc) in Actuarial Science

Industry Keywords

• Life Insurance
• Protection Products
• Policy Administration Systems
• Actuarial Models
• Profitability Drivers