Actuary: Product Development and Pricing at Hollard Insurance

Job Advert Summary

Hello…an exciting new opportunity has just become available in our HINT, Actuarial area. We are looking to recruit an Actuary: Product Development and Pricing.

To aid the HINT Acturarial Servces (AS) team in servicing the various countries within Hollard International by providing pricing and product development support and technical assistance for long term insurance products and some short-term like products. The range of products includes but is not limited to: Funeral (Individual and Group Schemes), Non-underwritten Life, Personal Accident, Credit Life, Hospitalisation, Savings/Endowments and Underwritten Life.

Business Development:

• Contribute to the implementation of the HINT AS product strategy.
• Contribute to the overall effectiveness and delivery of work within the AS team.
• Develop and maintain strong working relationships between the AS and related internal and external business partners across various cultures and countries.

Process:

• Assist with the design and pricing of new and existing products in line with the product development control cycle.
• Generate and review product documentation for new and existing products, documenting the processes followed as well as the current status quo.
• Assist with on-going systems set-up, updates and maintenance.
• Assist with the risk reporting and monitoring for all products.
• Deliver ad-hoc support services as requested from business units relating to research and data analysis activities.

Financial:

• Improve product design and pricing to drive the expansion strategy and improve the profitability of the various products in each country.

Customer Service:

• Ensure customers are treated fairly.  Maintain a high level of service to customers (internal and external) according to the service standards as set by the company. 
• Must be willing to travel.

Required Knowledge and Experience

• At least 3 years previous long-term insurance pricing and product development experience.

Competence:

• Initiator
• Integrator
• Challenger
• Resourcer
• Implementer
• Analytical
• Attention to detail
• Goal directed
• Self-managed and self-driven
• Ability to challenge and be appropriately assertive
• Solutions orientated accompanied by sound judgement
• A team player, with a service mind-set and low ego

Educational Requirements

• Tertiary Actuarial qualification.
• Member of ASSA.
• All CTs completed with progress in STs.
• Studying towards becoming a qualified actuary in the Life insurance industry.

Skills:

• The ability to build strong relationships with a wide range of people, both internally and externally and across various countries and cultures.
• Excellent verbal and written communication skills.
• Able to work under pressure in meeting internal and external deadlines.
• Strong problem-solving skills.           
• Attention to detail.
• Commitment to excellence in execution and delivery.
• Excellent numerical and analytical skills.
• Excellent IT skills (MS Office, SQL Server, Working with large datasets).
• Ability to work with minimum supervision.
• High level knowledge of life insurance products, markets and channels.
• Synthesise customer requirements, market trends, technological advances and constraints, legal imperatives, marketing appeal, financial objectives and underwriting and actuarial principles and use this to develop product value propositions.
• Sound financial literacy and analytics capability.
• Ability to communicate to colleagues and management both verbally and in writing.
• Critical thinking and sound questioning of concepts or ideas.
• Strategic business analysis and assessment.