Actuarial Analyst: Partner Products
at Hollard Recruitment
Parktown, Gauteng, South Africa -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 04 Jul, 2024 | Not Specified | 05 Apr, 2024 | 3 year(s) or above | Financial Services,Actuarial Science,Strategic Vision,Analytical Skills,Critical Thinking,Life Insurance,Sql | No | No |
Required Visa Status:
Citizen | GC |
US Citizen | Student Visa |
H1B | CPT |
OPT | H4 Spouse of H1B |
GC Green Card |
Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
Contract – W2 | C2H Independent |
C2H W2 | Contract – Corp 2 Corp |
Contract to Hire – Corp 2 Corp |
Description:
REQUIRED KNOWLEDGE AND EXPERIENCE
- 0 to 3 years of experience in financial services. Exposure to life insurance is beneficial.
- Knowledge of VBA is beneficial.
- Knowledge of SQL is beneficial.
- Required Knowledge and Skills
- High attention to detail
- High degree of accuracy
- Technically strong
- Ability to work on multiple tasks simultaneously
- Ability / desire to challenge the status quo
- Sound relationship building skills
- Passion for products, pricing and people
- Broad Life Insurance knowledge
- Broad understanding of insurance distribution methods and administration systems
- Commercial mindset and interest in the role of life insurance within society
- Ability to plan, prioritise and work towards deadlines
- Ability to communicate clearly to colleagues and management both verbally and in writing with the ability to tailor complex communication depending on the audience
- Self-starter / initiator
- Critical thinking and sound questioning of concepts or ideas
- Analytical skills and attention to detail, balanced with strategic vision, a strongly developed creative side and big-picture thinking ability
EDUCATIONAL REQUIREMENTS
- 3-year degree in actuarial science.
- Making good progress with the Technical subjects of a professional actuarial qualification.
Responsibilities:
THE PRIMARY PURPOSES OF THIS ROLE ARE TO:
- Assist with the design, development, pricing and maintenance of the Hollard Life Solutions (HLS) insurance products (life, risk and simple short-term products).
- Support the actuarial administration and management of the in-force suite of products.Monitor the ongoing product profitability and to assist with the management thereof within Hollard’s risk appetite.
- Conduct and assist with experience investigations, including the required data-related work.
- Collaborate with other team members in a professional manner in order to deliver on Hollard’s shared vision.
KEY RESPONSIBILITIES
- Define benefit and technical specifications for new product developments and enhancements to existing products.
- Resolve technical queries on premiums, benefits and values and assist with product and benefit complaints appropriately.
- Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new and existing products and benefits.
- Draft and/or review policy documents, policy terms and conditions, product marketing and customer communication, and ensuring that these are compliant to Governance standards within Hollard.
- Ensure alignment of new and existing products to legislation, industry guidelines or codes.
- Testing premiums and benefits to ensure products are implemented in line with specifications.
- Monitor ongoing performance of products and assess whether product development objectives are being met.
- Ad-hoc projects and investigations.
- Monitor the competitive positioning of products and benefits relative to the market by features, simplicity, price and ease of business.
- potential risks associated with benefits and customer segments as well as opportunities to mitigate or avoid.
- Develop product and benefit training material as required.
- Conceptualise new products and product enhancements.
- Provide product support to other internal departments such Operations and Distribution.
- Provide technical benefit support on public relations articles.
- Engage with other stakeholders in the business.
REQUIREMENT SUMMARY
Min:3.0Max:8.0 year(s)
Information Technology/IT
Banking / Insurance
Other
Graduate
Proficient
1
Parktown, Gauteng, South Africa