Actuarial Analyst: Partner Products

7 months ago

Parktown, South Africa Hollard Recruitment Full time

**Job Advert Summary**:
**The primary purposes of this role are to**:

- Assist with the design, development, pricing and maintenance of the Hollard Life Solutions (HLS) insurance products (life, risk and simple short-term products).
- Support the actuarial administration and management of the in-force suite of products.
Monitor the ongoing product profitability and to assist with the management thereof within Hollard’s risk appetite.
- Conduct and assist with experience investigations, including the required data-related work.
- Collaborate with other team members in a professional manner in order to deliver on Hollard’s shared vision.

**Key Responsibilities**
- Define benefit and technical specifications for new product developments and enhancements to existing products.
- Resolve technical queries on premiums, benefits and values and assist with product and benefit complaints appropriately.
- Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new and existing products and benefits.
- Draft and/or review policy documents, policy terms and conditions, product marketing and customer communication, and ensuring that these are compliant to Governance standards within Hollard.
- Ensure alignment of new and existing products to legislation, industry guidelines or codes.
- Testing premiums and benefits to ensure products are implemented in line with specifications.
- Monitor ongoing performance of products and assess whether product development objectives are being met.
- Ad-hoc projects and investigations.
- Monitor the competitive positioning of products and benefits relative to the market by features, simplicity, price and ease of business.
- potential risks associated with benefits and customer segments as well as opportunities to mitigate or avoid.
- Develop product and benefit training material as required.
- Conceptualise new products and product enhancements.
- Provide product support to other internal departments such Operations and Distribution.
- Provide technical benefit support on public relations articles.
- Engage with other stakeholders in the business.

**Required Knowledge and Experience**:

- 0 to 3 years of experience in financial services. Exposure to life insurance is beneficial.
- Knowledge of VBA is beneficial.
- Knowledge of SQL is beneficial.
- Required Knowledge and Skills
- High attention to detail
- High degree of accuracy
- Technically strong
- Ability to work on multiple tasks simultaneously
- Ability / desire to challenge the status quo
- Sound relationship building skills
- Passion for products, pricing and people
- Broad Life Insurance knowledge
- Broad understanding of insurance distribution methods and administration systems
- Commercial mindset and interest in the role of life insurance within society
- Ability to plan, prioritise and work towards deadlines
- Ability to communicate clearly to colleagues and management both verbally and in writing with the ability to tailor complex communication depending on the audience
- Self-starter / initiator
- Critical thinking and sound questioning of concepts or ideas
- Analytical skills and attention to detail, balanced with strategic vision, a strongly developed creative side and big-picture thinking ability

**Educational Requirements**:

- 3-year degree in actuarial science.

**All Hollard appointments are made in line with our DEI policy.**
- Hollard is unapologetically committed to creating and enabling a workplace that values your diversity with a true sense of care, dignity and inclusion.?We actively seek to hire for your different lived experiences (including, but not limited to disability, race, religion, ethnicity, culture, language and social origin, gender diversity, sexual orientation, neurodiversity). These grounds enhance cognitive diversity and psychological safety in our workplace for everyone._
- We proudly promote the “Hollard Way we work,” which is a combination hybrid work environment at this time.? We offer flexibility in our work as far as possible, dependent on the nature of the role. Even if you don’t meet all our selection criteria, we encourage you to apply_

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