Snr Spec: Actuarial (Product Development) at Liberty Group South Africa

Purpose

To provide specialist advice and support in the development and implementation of product development, planning and associated service delivery processes, methods, and techniques, enabling the provision of sound product development expertise. The incumbent is responsible for developing and implementing solutions and products that meet in-country requirements including providing support in terms of marketing, training, systems, and legal deliverables.

Key Responsibilities

• Develop and implement solutions and products that meet in-country requirements including providing support in terms of marketing, training, systems, and legal deliverables.
• Development of business cases and client proposals for new businesses, products, and channels.
• Support product development initiatives including design and pricing of insurance products and maintenance of existing products.
• Compiling and maintaining various documentation required including product and pricing specifications as well as obtaining statutory actuary approval.
• Providing technical input into marketing and training material.
• Developing a range of products that include individual risk and investment products, life and living annuities, and group risk schemes.
• To collaborate and manage relationships with key internal and external stakeholders including in-country Managing Directors.
• Actively engage and drive agile ways of working.

Minimum Experience

• Between 3 -5 years working experience, in a Product Development Environment.
• Nearly qualified Actuary - Minimum of 10 actuarial exams
• Exposure to IFRS17 would be an advantage.
• Experience in pricing retail products across multiple distribution channels
• Group Risk Pricing experience will be an advantage.
• Actuarial Science techniques, calculations, principles, and professional guidelines.
• Knowledge and understanding of product features and benefits and application to various situations and able to handle enquiries that fall within these terms.
• Able to solve product/service usage problems using product knowledge. Demonstrates good knowledge of product and/or service branding.

Minimum Qualifications

• Nearly / Newly qualified Actuary.
• Actuarial science degree.