Actuarial Specialist: Advice-led products at Hollard Insurance

Job Advert Summary    

• Hollard’s shared values are to provide meaningful impact to our stakeholders including the wider public, to create an enabling culture that touches everyone in the Hollard ecosystem and to have focused competitiveness in our market propositions.
• An exciting opportunity exists to join the Hollard Life business in the Product Actuarial team.
• The 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. This role offers exposure to grow a broad range of core actuarial skills, and so is an excellent role for those looking to further develop in their careers.

Key Responsibilities

• Interrogates research results and extracts 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.
• Facilitates 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

Required Knowledge and Experience    

• 2 to 3 years of experience in financial services
• Preference to those with exposure to life insurance
• Ability to communicate to colleagues and management development or pricing of risk benefits
• Ability to persuade and influence people trough logical thought and reasoning
• Knowledge of Excel, VBA and SQL would be an advantage
• High attention to detail and accuracy
• Technically strong
• Strong degree of common sense
• Passion for products, pricing and people
• Broad Life insurance knowledge
• Broad understanding of insurance distribution methods and administration systems
• Strong commercial acumen and insight into insurance business
• Confidence in communicating (Written and verbal), with the ability to tailor complex communication depending on the audience
• Critical thinking and sound questioning of concepts or ideas
• Sound relationships building skills
• Ensure completeness of the project plan for the implementation of changes/innovations

Required Knowledge and Skills

• High attention to detail and accuracy
• Technically strong
• Strong degree of common sense
• Passion for products, pricing and people
• Broad Life insurance knowledge
• Broad understanding of insurance distribution methods and administration systems
• Strong commercial acumen and insight into insurance business
• Confidence in communicating (Written and verbal), with the ability to tailor complex communication depending on the audience
• Critical thinking and sound questioning of concepts or ideas
• Sound relationships building skills
• Analytical skills and attention to detail, balanced with strategic vision, a strongly developed creative side and big-picture thinking ability

Educational Requirements    

• 4-5 years of experience in financial services
• Minimam of 9 Exams
• Preference to those with exposure to life insurance, particularly product development and pricing
• Ability to communicate to colleagues and management around development or pricing of risk benefits
• Ability to persuade and influence people through logical thought and reasoning
• Knowledge of Excel, VBA and SQL would be an advantage