BUSINESS DEVELOPMENT ACTUARY

SUMMARY:
BUSINESS DEVELOPMENT ACTUARY ROLE PROFILE / LOCATION: A Permanent / Professional / Specialist Role in the Financial Services (Reinsurance (Life) Sector) based in Johannesburg (Gauteng) REMUNERATION DATA: R450, 000.00 – R1,2m Background: This is suited to a non-qualified actuarial candidate still writing exams with good progress with A series / CT exams or qualified and therefore, the salary rang

POSITION INFO:

JOB SUMMARY: My Client is in search of a suitably qualified and experienced individual to assume the above-mentioned role within their organisation. Key Performance Areas will include: -

Business Development

• Develop symmetric partnerships with potential new clients, design innovative distribution and product solutions, prepare and conduct presentations
• Cultivate relationships with existing clients
• Liaise with the Pricing unit to ensure that all pricing for new business meets internal profitability standards and produce quotations in a timely manner
• Liaise with the Legal unit to ensure all due diligence and other legal requirements are met
• Conclude all treaties consistent with internal standards
• Ensure that treaty records, pricing reports and treaty summaries are produced for all new treaties and that all relevant units are notified of developments
• Engage with international colleagues as may be required

Business Management

• Ensure that client accounts are up-to-date and accurate
• Liaise with the Technical Account unit to ensure that outstanding accounts and data are followed up on a regular basis
• Liaise with the Corporate Actuarial unit to regularly review treaties open for new business and to encode treaties accurately
• Develop client reports and treaty summaries for all existing client treaties
• Conclude all addenda to treaties as and when required and update records and keep relevant business units informed
• Monitor performance at a treaty level in order to identify unprofitable treaties for further investigation
• Expand the treaty review process in order to include detailed information on premium guarantee periods and in-force review dates to ensure that treaty reviews are done timeously where necessary

Training

• Identify client training needs
• Engage and present in internal and external training programmes
• Liaise with various internal departments to provide training to be done on or off site on underwriting, claims, quotations and pricing of products

Reporting

• Consolidate commentary pertaining the client’s performance for assigned clients to the Head of Business Acquisition & Development on a monthly basis
• Collate information and provide input and commentary for assigned clients for Exco and quarterly board meetings as required

Leadership

• Provide leadership and effectively delegate tasks and assist with prioritising tasks to meet unit objectives
• Set realistic and measurable objectives aligned with unit strategy in the annual MbO document and review and rate objectives

REQUIREMENTS / CRITERIA

Essential

• Bachelors Degree in Actuarial Science
• Good exam progress (at least with A series exams)
• Minimum of 2 - 4 years’ experience within a life insurance or reinsurance environment
• Working knowledge of technical requirements

Preferred

• Honours degree in Actuarial Science

Advantageous

• Client management experience
• Exposure to markets outside of South Africa

Behavioural Dimensions

• Excellent communication skills (written, verbal & presentation)
• Analytical and problem-solving skills
• Accuracy & Attention to detail
• Deadline driven
• Ability to work independently on projects
• Take responsibility for their work and use initiative
• Team player
• Good interpersonal skills
• Project management skills
• Able to build and maintain good client relationships
• Open to some travel within Africa to clients as the need arises

MOTIVATION: If you are technically proficient and be able to see the bigger picture, have good business acumen and an ability to deal with clients internally and externally then, apply now to take advantage of this opportunity., good presentation skills.

NB! This job is now closed. You can apply for other jobs by uploading your CV.