Actuarial Product Marketing Specialist

Conduct technical marketing research and commercial assessments aligned to Group financial objectives. Provide recommendations which would lead to innovation to product design.

**Job Functions** Marketing,Product Management **Industries** Insurance,Marketing **Specification**
Business Requirements Identification
Elicit complex business requirements using a variety of methods such as interviews, document analysis, workshops, and workflow analysis to express the requirements in terms of target user roles and goals. The effective management of product development and pricing framework. Responsible for implementing the Actuarial control cycle; ie development, deployment and monitoring thereof. Responsible for the management of key business metrics, such as value of new business, embedded value, and profit by product line. Business requirements need to be clearly documented within the scope of use, definitions and assumptions made. Develop solutions that are in align with experienced assumptions.

Model deployment and testing
Plan and deliver systems changes and manage the team on a day-to-day basis to meet project timelines and quality requirements. Engage with users to identify requirements and work with the team to design solutions. Effective impact and sensitivity analysis to be performed before any deployment is done. Translate results from the impact/sensitivity analysis to Business to provide insight and
what various pricing changes will mean on profitability and policy growth. Clearly state what needs to be deployed and how testing will be done to ensure the deployment is successful. Ensure monitoring processes are in place to measure the performance of the
model/pricing. Effective tracking of various products and pricing changes and cohorts.

Stakeholder Engagement (Internal and External)
Identify, manage and collaborate with internal stakeholders; such as Sales and Marketing to keep them informed and up to date with project outcomes. Partner with external stakeholders to find appropriate solutions around product development. Maintain measurable service levels on business requests and provide feedback that speaks to the business issue observed.

Actuarial Modeling
Undertake strategic and tactical financial analysis, modeling, and evaluation to support business leaders in their decision making.
Develop, maintain and implement actuarial models and processes. Models need to be fit for purpose and able to estimate the reality accurately. Models (and any form of estimation) to clearly documented with the scope of use, definitions, data, and assumptions made. Ensure that there are process documents in in place to ensure that the models can be understood by external stakeholders. Ensure processes are in place to reduce the risk of incorrect modelling and support new users.

Data Collection & Analysis
Use data from a wide range of sources to analyze key themes and identify possible impacts on the business. Recommendations could be technical or professional in nature. Extract and verify data used for actuarial models. Data/information to be reconciled against credible data sources (for example financials) to ensure the data is complete and accurate. Ensure definitions and assumptions are aligned to the problem statement.

Insights and Reporting
Set and lead execution of the data and analytics reporting plan, creating strategies and templates to report data in a meaningful way. Create, present, and communicate high-impact data and analytics insights and recommendations to critical internal and external stakeholders. Ensure monitoring is accurate and complete and regularly validated against credible data sources.

Personal Capability Building

Improvement / Innovation
Identify shortcomings in existing business practices, then suggest and implement improvements while developing and delivering projects or a work stream. Stay up to date with Business developments and develop solutions proactively with Business. Maintain continuous development/research of actuarial techniques and share insights with the team. Find an effective way to improve on efficiencies across the business.

Information and Business Advice

Operational Compliance

Performance Management
Manage and report on the performance of a substantial, diverse team; set appropriate performance objectives for direct reports or project / account team members and hold them accountable for achieving these; take appropriate corrective action where necessary to ensure the achievement of team / personal objectives. Manage the development of pipelines and succession planning as well as performance scoring and management. This includes team administration, the setup of performance contracts and ensure the alignment of the performance management process to the business objectives.

Project Management
Work closely with Senior Leadership stakeholders to ensure scope of project and project delivery; provides advice regarding the project vision and communicates the outcom