The foundation of Munich Reinsurance Company in 1880 is largely due to the efforts of Carl Thieme. It is also Thieme who stated that: "By its nature, reinsurance needs to be international". He consistently follows his conviction by putting the company on an international footing from the very start. He establishes a business model whose essential f...
We are looking for a Pricing Specialist to join the Group Business team within the Life Business Unit, reporting to the Head of Group Business. The team is responsible for writing profitable group reinsurance business across South Africa and Sub-Saharan Africa, including mortality, disability and critical illness benefits.
Your Role:
Lead and/or participate in the various projects undertaken by the Group Business team including but not limited to tenders, specific client projects, basis updates, industry studies and experience analyses
Provide ongoing development and maintenance support for the group life quotations tools, including basis updates
Review complex employee benefit, credit life and funeral quotes for all Sub Saharan African countries and provide recommendations while balancing risk management and commercial value
Ensure Munich Re’s actuarial and risk management standards are met in the pricing activities carried out and liaising with the regional pricing team
Manage group profitability monitoring in collaboration with the various stakeholders, including engaging with Financial Management and Reporting team to ensure that this is reflected appropriately and is monitored
Review and implement changes to improve process efficiency through the use of technology
Build technical profile in the industry (e.g. delivery of technical content at seminars and conferences, and engagement with external stakeholders) as well as building technical capability within the team to support employees in developing subject matter expertise
Coordinate with client managers, underwriting, claims and operations to deliver product propositions
Support the business in providing high-quality actuarial consulting services to clients in the area of pricing, product development, research and risk management and accompany client managers as functional expert
Your profile:
Qualified or nearly qualified actuary with significant relevant experience in Life insurance or reinsurance business with expertise in group risk
Pricing experience with sound technical understanding of Life products including mortality and morbidity rate setting
Excellent skills in actuarial/statistical programming languages such as: VBA and Excel; BI tools (e.g. Power BI); R/Python or any relevant software programme
Strong verbal communication, presentation and negotiation skills
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