Actuarial Pricing Specialist at Sanlam Group

What will you do?

• Assist the Actuarial Manager and Risk & Underwriting Executive on all product development and pricing functions. This role will entail mainly a pricing focus, with some exposure to product development and the group business in general. 
• Manage monthly, quarterly, semi-annual and deliverables for both internal and external stakeholders. These will include profitability reports, scheme and membership stats of the Group Benefits. 
• Provide technical assistance to the Group Benefits distribution and administration functions.
• Designing new products and solutions and support product development initiatives including the design and pricing of insurance products and maintenance of existing products.
• Pricing of new group schemes and reviewing of existing group schemes based on claims experience.
• Compilation of product specifications and benefit design, premium rating, profit testing, product technical specifications and in some cases participate in the finalisation of documentation per product offering. 
• Monthly reporting on profitability, scheme renewals and quotations, highlighting any risks. 
• Review of pricing bases with the group business.
• Design, amend and implement tools and pricing models to support the pricing functions within the business.
• Ensure all products and schemes are TCF compliant.
• Adhoc investigations
• Research on industry and population mortality rates  and product features available in the industry.

Qualification & experience 

• Actuarial Degree
• Actuarial student, with a minimum of 6 actuarial exams.
• Minimum of 2 years’ experience at a Life Insurance company.
• Previous pricing experience will be advantageous

What will make you successful in this role?

• Proficiency in Microsoft Office 

Personal qualities 

• Adhere to the Sanlam values and processes.
• Good people skills
• Accountability
• Accuracy and attention to detail
• Prioritisation skills and ability to commit to deadlines
• Good planning and organising skills
• Analysis / Problem-solving skills
• Sound judgement and ability to make decisions on incomplete information.
• Good written and verbal communication skills
• Ability to manage the expectations of internal and external parties
• Ability to work independently and within a team

Core Competencies

• Cultivates innovation - Contributing independently
• Customer focus - Contributing independently
• Drives results - Contributing independently
• Collaborates - Contributing independently
• Being resilient - Contributing independently