Senior Closure Consultant

J2K Consulting (Pty) Ltd; Gauteng; On-site; ZAR 800,000 - 1,000,000; Full time

Job summary

An established industry player is seeking a Senior Product Specialist to lead the management of guaranteed annuity and structured product solutions. This role involves understanding and managing complex pricing models, collaborating with various teams to ensure accurate valuations, and providing insights into product performance. The ideal candidate will be an associate or newly qualified actuary with at least four years of experience in financial services, particularly with annuity products. Join this dynamic team to make impactful decisions in a rapidly changing regulatory environment and contribute to innovative financial solutions.

Qualifications

• Actuarial qualification is essential for this role.
• 4+ years in Financial Services with a focus on annuity products.

Responsibilities

• Manage pricing models for guaranteed annuities and structured solutions.
• Collaborate with teams to ensure accurate valuations and pricing.

Skills

Attention to detail

Pricing models

Collaboration

Business insights

Education

Associate or newly qualified Actuary

Minimum of 4 years' experience in Financial Services

Tools

Risk Agility

Power BI

Excel

Job description

Senior Product Specialist (Income Solutions)

The Senior Product Specialist (Income Solutions) will play a leading role in managing the guaranteed annuity and structured product solutions.

Duties & Responsibilities

1. Understand and manage the pricing models for guaranteed annuities and structured solutions.
2. Collaborate with the valuations teams to understand and unpack the reserves and value of business for these products.
3. Collaborate with the Asset Management teams to understand the impact of changing circumstances on pricing models.
4. Provide deep insight into all assumptions and models affecting the products.
5. Monitor the business mix and actual versus assumed parameters in the pricing models.
6. Provide feedback to management on all issues related to these products when relevant.
7. Apply judgement in pricing that balances all stakeholders when special quotes are requested.
8. Provide support as a subject matter expert to internal and external stakeholders.
9. Support the implementation teams for any changes from a system and experience perspective.
10. Keep abreast of market and regulatory changes and opportunities afforded by these changes.
11. Keep updated on the state of competitor products and pricing models.
12. Monitor the experience of existing solutions as an early indicator of success / warning of changes required.
13. Ensure the integrity of the data and propose solutions where processes should be updated.
14. Provide input into analysis and business insights.
15. Present solutions and proposals to governance forums including the product management committee, Manco, Excos, etc.
16. Make recommendations for improvement within area of responsibility.

Desired Experience & Qualification

1. Associate or newly qualified Actuary.
2. Minimum of 4 years' experience in Financial Services.
3. Experience with guaranteed annuity types of products.
4. Understanding of pricing and valuations of Life Insurance or Annuity products.
5. Experience with Risk Agility and Power BI will be an advantage.
6. Attention to detail is critical for this role.
7. Technical Excel and Modelling skills are critical.

Package & Remuneration

Up to R1m CTC