Reinsurance Actuary: Product Management

2 weeks ago

Cape Town, Western Cape, South Africa Moving Heads Personnel Full time
Identifying inward reinsurance opportunities and building business cases to improve value generation.

  • Providing actuarial support to the reinsurance operations and pricing teams.
  • Develop and maintain pricing models for inwards reinsurance products and services.
  • Liaise with the Actuarial Modelling teams to provide specifications and criteria for Pricing Models.
  • Liaise with the Actuarial Valuations and Reporting teams to ensure reasonableness of the reporting of reinsurance valuations.
  • Engage with the Actuarial Experience Management teams to adjust the pricing assumptions.
  • Providing actuarial guidance and support to the ceding company where required.
  • Analysing reinsurance pricing data and making recommendations to improve profitability and mitigate risk.
  • Manage reinsurance contracts to be up to date and outsourcing contracts.
  • Provide operational support for planning and implementing new reinsurance transactions.
  • Manage monthly operational interactions with all parties involved.
  • Liaise with the Finance, Underwriting and Chief Medical Office, Balance Sheet Management teams in setting of actuarial pricing and determining authorisation limits.
  • Build and maintain operational relationship with ceding companies, external partners, and reinsurers.
  • Liaising with retrocessionaire partners to ensure effective pricing of retrocession contracts.
  • Preparing and presenting pricing proposals and reports to senior management and clients.
  • An Actuarial Fellowship qualification.
  • Min 1 year post qualification experience.

The following would be advantageous:

  • Experience with reinsurance including FinRe.
  • Knowledge of risk cover products.
  • Solid actuarial modelling experience.
  • Valuations experience and/or product development experience

Job Types:
Full-time, Permanent

Ability to commute/relocate:

  • Johannesburg, Gauteng: Reliably commute or planning to relocate before starting work (required)

Education:

  • Bachelors (preferred)

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