Junior Actuarial Analyst 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 starting off or in very early stages of their actuarial career.

Key Responsibilities

• Support in research to aid in extracting conclusions that will enable the creation of the product customer value proposition (CVP)
• Define 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.
• Contribute to 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
• Complete policy query requests for the Advice-led segments, as per SLAs
• Drive improvements in policy query processes, including building of tools to automate processes where advantageous

Required Knowledge and Experience    

• High attention to detail and accuracy
• Technically strong
• Self-starter, with strong ability to manage their time across multiple tasks
• Sense of curiosity, and a drive to innovate
• Strong commercial acumen and interest in life 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
• Analytical skills and attention to detail

Educational Requirements    

• 3-year/4-year degree in actuarial science
• At least 5 exemptions achieved as part of degree