Head of R&d Pricing and Actuarial

2 weeks ago


Johannesburg, Gauteng, South Africa Psybergate Full time

What you will be doing:

  • Leading a team of actuaries
  • Creating new and innovating retail investment products
  • Integrating the products with the broader company where applicable
  • Ideation of and research into new innovations, and delivering the required technical actuarial and documentation work for new products and enhancements for product launches, from the initial brainstorming to the implementation stage, considering all stakeholders and aspects involved.
  • Sound actuarial modelling of all proposals, from the highlevel exploratory stages to the in depth scrutinization of the final stages,
  • Leading and growing all team members from a technical modelling perspective, with deep insight drawn from the employees experience and specialist knowledge in actuarial pricing
  • Acquiring and taking into account all of the inputs from the key stakeholders during the product development cycle, and providing continual feedback into the direction of the launch proposal.
  • Direct and guide skilled actuarial staff to develop new products with wellconsidered pricing methodologies and bases to quantify the financial and other impacts of new developments with which to produce accurate and ontime results throughout the product development cycle.
  • Contribute creatively and critically, and with insight into the decisionmaking process throughout the product development cycle, ensuring that innovative products are launched which meet customers needs and treat them fairly, and demonstrating that the underlying actuarial motivations of these innovations exhibit robustness to all angles of critique, especially the actuarial soundness and actuarial evaluation criteria.
  • Produce, and assist all team members with the delivery of, critical documentation involving product launches and rate reviews in the appropriate formats, i.e. Product Specifications, Actuarial Committee documents, TCF documents, final rates and values, test models and policy wording.

What we are looking for:

  • Completed relevant degree
  • 10 years in a Life (Risk) or Investment Product Development role
  • FASSA/FFA/FIA or equivalent
  • Prophet/ Excel actuarial cashflow modelling

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