Group Benefits: Actuarial Pricing Specialist

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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