Actuarial Manager

Location: Johannesburg, South Africa
Salary: market related
Recruiter: Rooftop Recruitment
Job Ref: Actuarial Manager
Summary: Actuarial Manager

 

 

Job Description

Actuarial Manager: Group Benefits

Rosebank, Johannesburg

 

•             Lead, mentor and develop actuarial team members

•             Enhance knowledge and skills of team members by conducting or facilitating regular training sessions

•             Prepare reports and results for submission to the Head of Actuarial Function

•             Design new products and solutions and support product development initiatives including the design and pricing of insurance products and maintenance of existing products

•             Pricing of new group schemes and reviewing of existing group schemes based on claims experience

•             Compilation of product specifications and benefit design, premium rating, profit testing, product technical specifications and in some cases participate in the finalisation of documentation per product offering

•             Develop business models and client proposals for new businesses, ventures, products and channels

•             Monitor profitability of new and existing schemes and products, product risks and financial management to ensure business success for Group Benefits

•             Monthly reporting on profitability, scheme renewals and quotations, highlighting any risks

•             Set pricing bases, including reviewing and updating existing bases

•             Calculate monthly reserves

•             SAM and ORSA calculations, incl. the reviewing and updating of SAM and ORSA methodology and assumptions

•             Sign-off on group scheme quotations and renewals

•             Oversee and continuously develop the quotation and renewal processes

•             Design, amend and implement tools and pricing models to support the pricing functions within the business

•             Assist with IFRS 17 implementation in the business

•             Provide technical assistance to the Group Benefit distribution and administration functions

•             Ensure all products and schemes are TCF compliant

•             Ad hoc investigations

 

Qualification, Experience, Knowledge and Skills

 

•         Actuarial Degree

•         Senior actuarial student, with no more than 3 exams outstanding

•         Minimum of 3 years’ experience in a general Group Benefits environment

•         Minimum of 2 years management experience

•         Proficiency in Microsoft Office

 

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