Reinsurance Consultant (Actuarial) at Sanlam Group

What will you do?

Output/Core Tasks:

• Identifying inward reinsurance opportunities and building business cases to improve value generation in SLS
• Providing actuarial support to the reinsurance operations and pricing teams
• Develop and maintain pricing models for inwards reinsurance products and services
• Liaise with the Actuarial Modelling teams to provide specifications and criteria for Pricing Models
• Liaise with the Actuarial Valuations and Reporting teams to ensure reasonableness of the reporting of reinsurance valuations 
• Engage with the Actuarial Experience Management teams to adjust the pricing assumptions 
• Providing actuarial guidance and support to the ceding company where required 
• Analyzing reinsurance pricing data and making recommendations to improve profitability and mitigate risk
• Manage reinsurance contracts to be up to date and outsourcing contracts 
• Provide operational support for planning and implementing new reinsurance transactions 
• Manage monthly operational interactions with all parties involved
• Liaise with the Finance, Underwriting and Chief Medical Office, Balance Sheet Management teams in setting of actuarial pricing and determining authorization limits
• Build and maintain operational relationship with ceding companies, external partners and reinsurers 
• Liaising with retrocessionaire partners to ensure effective pricing of retrocession contracts
• Preparing and presenting pricing proposals and reports to senior management and clients

What will make you successful in this role?

Qualifications:

• An Actuarial Fellowship qualification

Experience and skills:

• Minimum 1 year post qualification experience
• Strong interpersonal skills

The following would be advantageous:

• Knowledge and experience with reinsurance including FinRe
• Knowledge of risk cover products
• Solid actuarial modelling experience
• Valuations experience and/or product development experience