Insurance Pricing and Product Manager

2 weeks ago


Randburg, Gauteng, South Africa SPECD (Pty) Ltd Full time
Job Summary:
SPECD (Pty) Ltd is seeking a seasoned Insurance Pricing and Product Manager to lead the development of innovative life insurance products. As a key member of our team, you will be responsible for overseeing product design, pricing, and strategic actuarial support.

Responsibilities:
  • Product Design and Development: Collaborate with stakeholders to design products that meet customer needs, considering the end-to-end customer journey and policy lifecycle.
  • Pricing Strategies: Apply pricing practices, develop modelling, and set rates to ensure profitability and analyze sensitivities.
  • Data Analysis: Oversee the development of actuarial or statistical models to aid decision-making and produce regular reports on key performance metrics.
  • Regulatory Compliance: Ensure adherence to regulatory requirements and internal governance policies.

Requirements:
  • Qualifications: NQF Level 7: Bachelor's degree in Actuarial Science, Qualified Actuary, and Member of Actuarial Society/Institute of Actuaries.
  • Experience: Minimum 8 years in an insurance regulatory environment, 5 years in actuarial environment, and proven experience in pricing and product management.
  • Skills: Strong knowledge of actuarial principles, methodologies, and software tools, as well as objectivity, attention to detail, and analytical thinking.

Estimated Salary: R1,200,000 - R1,800,000 per annum, depending on qualifications, experience, and previous earnings.

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