Life Actuarial Pricing Specialist
5 days ago
We are seeking an experienced Actuarial Analyst to join our Technical Pricing Team in the Life Retail Product and Pricing department. This team is responsible for ensuring profitable reassurance business across South Africa and Sub Saharan Africa, adding value to new business and embedded value through appropriate pricing, experience monitoring, and new product innovation.
About Munich Reinsurance Company of AfricaMunich Reinsurance Company of Africa was established in 1968 and serves life and non-life reinsurance clients across the Sub-Saharan Africa from our hub in Johannesburg. We collaborate with our colleagues globally to tackle the world's most pressing challenges.
Your Role- Perform experience reviews and pricing for all regions.
- Price new business, new initiatives, and product development.
- Ensure that Munich Re's actuarial and risk management standards are met.
- Lead/participate in various projects undertaken by the life team, such as tenders, specific client projects, and experience analyses.
- Coordinate and collaborate with client managers, underwriting, claims, valuations, and operations to deliver product propositions.
- Support the client management strategy, including research and accompanying client managers as the pricing expert.
- Support Head of the Retail Pricing team and the Head of the Retail team in providing high-quality actuarial consulting services to clients in the area of pricing, product development, and risk management.
- 4+ years of relevant experience in Life reinsurance or insurance business.
- Newly or nearly qualified actuary.
- Pricing experience with a sound technical understanding of Life products, including mortality and morbidity rate setting and experience.
- Good experience with actuarial modeling packages, Excel, VBA, SQL, Power BI.
- Good verbal, communication, presentation, and negotiation skills.
The estimated salary for this position is R1,200,000 per annum, depending on qualifications and experience.
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