Actuarial Analyst: Partner Products - Parktown at Hollard Insurance

Job Advert Summary    
The primary purposes of this role are to:

• Assist with the design, development, pricing and maintenance of the Hollard Life Solutions (HLS) insurance products (life, risk and simple short-term products).
• Support the actuarial administration and management of the in-force suite of products.
• Monitor the ongoing product profitability and to assist with the management thereof within Hollard’s risk appetite.
• Conduct and assist with experience investigations, including the required data-related work.
• Collaborate with other team members in a professional manner in order to deliver on Hollard’s shared vision.

Key Responsibilities

• Define benefit and technical specifications for new product developments and enhancements to existing products.
• Resolve technical queries on premiums, benefits and values and assist with product and benefit complaints appropriately.
• Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new and existing products and benefits.
• Draft and/or review policy documents, policy terms and conditions, product marketing and customer communication, and ensuring that these are compliant to Governance standards within Hollard.
• Ensure alignment of new and existing products to legislation, industry guidelines or codes.
• Testing premiums and benefits to ensure products are implemented in line with specifications.
• Monitor ongoing performance of products and assess whether product development objectives are being met.
• Ad-hoc projects and investigations.
• Monitor the competitive positioning of products and benefits relative to the market by features, simplicity, price and ease of business.
• potential risks associated with benefits and customer segments as well as opportunities to mitigate or avoid.
• Develop product and benefit training material as required.
• Conceptualise new products and product enhancements.
• Provide product support to other internal departments such Operations and Distribution.
• Provide technical benefit support on public relations articles.
• Engage with other stakeholders in the business.

Required Knowledge and Experience    

• 0 to 3 years of experience in financial services. Exposure to life insurance is beneficial.
• Knowledge of VBA is beneficial.
• Knowledge of SQL is beneficial.
• Required Knowledge and Skills
• High attention to detail
• High degree of accuracy
• Technically strong
• Ability to work on multiple tasks simultaneously
• Ability / desire to challenge the status quo
• Sound relationship building skills
• Passion for products, pricing and people
• Broad Life Insurance knowledge
• Broad understanding of insurance distribution methods and administration systems
• Commercial mindset and interest in the role of life insurance within society
• Ability to plan, prioritise and work towards deadlines
• Ability to communicate clearly to colleagues and management both verbally and in writing with the ability to tailor complex communication depending on the audience
• Self-starter / initiator
• Critical thinking and sound questioning of concepts or ideas
• Analytical skills and attention to detail, balanced with strategic vision, a strongly developed creative side and big-picture thinking ability

Educational Requirements    

• 3-year degree in actuarial science.
• Making good progress with the Technical subjects of a professional actuarial qualification.