Technical Pricing Team Lead
4 hours ago
**Technical Pricing Team Lead (MRoA)**:Career Level 4
**Location**Johannesburg, South Africa
Munich Reinsurance Company of Africa Limited (MRoA) has been operating in South Africa for over 50 years, although the Munich Re (Group) was active on the Continent via Munich Re in Munich for some years prior to commencing the Southern African operation in Johannesburg in 1968. The Head Office of MRoA is in Johannesburg, with a client service Life office situated in Cape Town.
**Department Description**
The Product and Pricing department ensures profitable reassurance business across South Africa and Sub Saharan Africa which adds to the value of new business and embedded value by pricing appropriately, monitoring experience, managing terms of trade across all benefits and leads a team of dynamic pricing actuaries.
The Technical Pricing Team, which is part of the Product and Pricing Team, focuses on pricing all individual life treaties and complex or large group treaties.
Your job
- Team leader of actuarial and technical experts
- Perform and review pricing for all regions and provide recommendations while balancing risk management and commercial value
- Key focus on new business pricing, new initiatives and product development working closely with the In-Force Management Team leader
- Ensure Munich Re’s actuarial and risk management standards are met in the pricing activities carried out by the team
- Build technical profile in the industry (e.g. delivery of technical content to seminars, conferences ,engaging with external stakeholders etc) as well as building technical depth within the team to ensure staff become functional experts
- Lead/participate in the various projects undertaken by the life team as they arise e.g. but not limited to tenders, specific client projects and experience analyses.
- Coordinate with client managers, underwriting, claims and operations to deliver product propositions
- Support client management strategy e.g. perform research for and accompany client managers as functional expert
- Support Head of Product and Pricing in providing high quality actuarial consulting service to clients in the area of pricing, product development and risk management
- Ensure optimal process efficiency
**Profile**:
- Qualified actuary with 5 years relevant experience in Life insurance or reinsurance business with expertise in pricing and product development (retail essential, group business would be an advantage)
- Pricing Experience with sound technical understanding of Life products including mortality and morbidity rate setting and experience
- Excellent actuarial modelling packages/ VBA and Excel
- Good verbal, communication, presentation and negotiation skills
About us
Find out Who we are, What we do, Our Strategy and How we can Support & Reward you
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This integration is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.
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