Product Actuary Negotiable

1 year ago2147 views
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Advertised By:Agency
Job Type:Contract
Description
*Product Actuary* *Cape Town* Responsible for various product development, pricing, and management functions across all annuity products. These functions include pricing, valuation, risk management, client communication and servicing, and compliance. *Product Development* * Lead the development and maintenance of a comprehensive range of annuity products. * Active participation in the product development forum. * Produce product related research. * Regular analysis of competitor products and the market environment. * Designing bespoke annuity solutions for clients with complex needs. *New Business* * Produce and/or check annuity quotations. * Implementation of new business (especially large, complex deals). * Reviewing policy contracts and endorsements. * Assist distribution teams in acquiring new business, including product support and assisting with client presentations. *Product Management* * Produce and/or check regular valuations for specific annuity clients. * Attending to client queries and assisting with client feedback sessions. * Producing annual experience investigations to ensure the use of appropriate pricing assumptions. * Regular reviews of the annuity pricing basis. * Regular reviews of annuity profitability (VNB). * Development and maintenance of appropriate annuity pricing models, to evaluate the risks and enable pricing * Perform regular product reviews to monitor and maintain the ongoing viability of existing products to ensure that they are still profitable, appropriately costed, competitive, marketable, and meet client needs in order to either improve the product or the way in which it is managed. * Identify and mitigate risk associated with the existing products by assessing the product features. *General Responsibilities* * Collaborate with key stakeholder teams including Balance Sheet Management, Corporate Actuarial, Technical marketing, Distribution, Implementations and Administration, to maintain and increase the profitability of the Income Solutions business. * Represent the Income Solutions Team in various project committees/working groups as required. * Presentation to several committees such as the Asset and Liability Committee, the Product Management Committee, the Fair Practices Committee and the Actuarial Committee. * Provide product support to client-facing and administration teams. * Assist with ensuring compliance with the relevant legislation and regulations. * Identify solutions to enhance cost effectiveness and increase operational efficiency of the business. * Contribute to related processes to continuously grow the target market and influence client experience. * Influence new business, marketing and communication processes incorporating product development, and client experience to improve the understanding and acceptance of product solutions in the market. *People* * Create a positive work climate and culture to energis

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