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MANAGER; ACTUARIAL SERVICES

AVBOB

Job Type

Full Time

Location

SOUTH AFRICA

Description :

pecification RESPONSIBILITIES INCLUDE: Play a key role in all Product Development and Product Management activities relating to both Individual and Group Scheme products of the Society. Member of Product Committee (management committee) including the drafting of the monthly report to the Product Committee. Play the lead role in the Pricing, Product Development and monitoring functions in the product development process of both individual and group scheme products of the Society. Managing the product pricing function, including establishing robust pricing processes, enhancing existing Prophet models to be appropriate for pricing and the maintenance and improvement of these processes and models. Play a support role in the market analysis, idea generation and implementation functions in the product development process of both individual and group scheme products of the Society. Support the Compliance Department to ensure that the Society’s Individual and Group Scheme products remain in line with relevant and changing regulations and legislation.  Providing input into the decisions around ad-hoc special bonuses. Providing input into strategic business decisions and writing of recommendations to the Executive Committee. Managing relationships with actuarial consultants. Reviewing and providing guidance on work items of staff. Mentoring and assisting with development of staff. Providing input and support to other departments (Claims, Policy services, Complaints, Risk Management, Internal Audit, Valuations). Requirements QUALIFICATION REQUIREMENTS FOR THIS POSITION: A relevant degree, eg Actuarial Science, Mathematical Statistics. Associate Actuary or Qualified Actuary and member of a relevant actuarial body (eg FASSA / AMASSA, FIA / FFA. EXPERIENCE AND KNOWLEDGE REQUIRED FOR THE POSITION: •At least 10 years relevant work experience in the financial services industry. •Experience in a life insurance product environment. •Previous management experience is preferred. •Knowledge of actuarial guidance, the regulatory environment and the commercial landscape of life and funeral insurers. •Actuarial modelling techniques; Prophet or similar; VBA, SQL or Qlikview will be advantageous. COMPETENCIES REQUIRED FOR THE POSITION: •Proactive and self-starter with the ability to work independently. •Deadline-driven and the ability to work under pressure. •Results orientated. •Maintaining high performance standards. •Can-do attitude with willingness to go the extra mile. •Fostering teamwork. •Customer focused. •Professional conduct. •Strategic thinking •Planning and organising •Development of people

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