Group Benefits: Actuarial Pricing Specialist

Recruiter:

Moving Heads Personnel CC

Job Ref:

Pr Sp

Date posted:

Sunday, May 9, 2021

Location:

Johannesburg, South Africa

Salary:

neg

SUMMARY:
Group Benefits: Actuarial Pricing Specialist

POSITION INFO:

Group Benefits: Actuarial Pricing Specialist

Rosebank

Assist the Actuarial Manager and Risk & Underwriting Executive on all product development, pricing and actuarial reporting functions. This role will entail mainly a pricing focus, with some exposure to reporting and product development.

Manage monthly, quarterly, semi-annual and annual reporting for both internal and external stakeholders. These will include profitability reports, reserving functions, valuations, scheme and membership stats of the Group Benefits.
Provide technical assistance to the Group Benefits distribution and administration functions.
Designing 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.
Monthly reporting on profitability, scheme renewals and quotations, highlighting any risks.
Calculation of monthly reserves
Design, amend and implement tools and pricing models to support the pricing functions within the business.
Ensure all products and schemes are TCF compliant.
Adhoc investigations
Actuarial Degree
Actuarial student, with a minimum of 6 actuarial exams.
Minimum of 2 years’ experience at a Life Insurance company.
Previous pricing experience will be advantageous

Proficiency in Microsoft Office

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Group Benefits: Actuarial Pricing Specialist

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