Insurance Pricing and Product Manager
2 weeks ago
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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