Actuarial Analyst Product

Found in: Talent ZA C2 - 3 weeks ago

Sandton, South Africa Hollard Recruitment Full time
  • We exist to maximize value to customers and Hollard by making the right products available for customers, which includes both Life and Short term products
  • The job role is within the Hollard Life business in the Product Actuarial team
  • Role focus would be to assist and support the Product Manager in the development, pricing and management of primarily Individual Life Risk products, focusing on those sold through Advice-led channels
  • Assisting and supporting the Product Manager and team in meeting divisional objectives

Key Responsibilities

  • Support in research to aid in extracting conclusions that will enable the creation of the product customer value proposition (CVP)
  • Define and review product specifications for new product developments
  • Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new products and benefits
  • Ensure alignment of new and existing products to legislation, industry guidelines or codes
  • Monitor ongoing performance of products and ensure benefit development objectives are met
  • Providing sign-off of customer facing documentation and ensuring that these are compliant to Governance standards within Hollard
  • Ad-hoc projects and investigations in support of business enablement
  • Provide product support to other internal departments such as Operations and Distribution.
  • Contribute to idea generation, product concept definition and evaluation of processes with stakeholders
  • Redevelop products and deploy updates and enhancements based on feedback from all stakeholders, ongoing assessment of the effectiveness of product delivery and the performance of the product, as measured by the agreed key performance indicators
  • Ensure completeness of the project plan for the implementation of changes/innovations

 

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