Actuarial Manager
Moving Heads Personnel
Rosebank, Gauteng, ZA
13h ago
source : JobVine

Actuarial Manager : Group BenefitsRosebank, Johannesburg Lead, mentor and develop actuarial team membersEnhance knowledge and skills of team members by conducting or facilitating regular training sessionsPrepare reports and results for submission to the Head of Actuarial FunctionDesign new products and solutions and support product development initiatives including the design and pricing of insurance products and maintenance of existing productsPricing of new group schemes and reviewing of existing group schemes based on claims experienceCompilation 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 offeringDevelop business models and client proposals for new businesses, ventures, products and channelsMonitor profitability of new and existing schemes and products, product risks and financial management to ensure business success for Group BenefitsMonthly reporting on profitability, scheme renewals and quotations, highlighting any risksSet pricing bases, including reviewing and updating existing basesCalculate monthly reservesSAM and ORSA calculations, incl.

the reviewing and updating of SAM and ORSA methodology and assumptionsSign-off on group scheme quotations and renewalsOversee and continuously develop the quotation and renewal processesDesign, amend and implement tools and pricing models to support the pricing functions within the businessAssist with IFRS 17 implementation in the businessProvide technical assistance to the Group Benefit distribution and administration functions Ensure all products and schemes are TCF compliantAd hoc investigationsQualification, Experience, Knowledge and SkillsActuarial DegreeSenior actuarial student, with no more than 3 exams outstandingMinimum of 3 years experience in a general Group Benefits environmentMinimum of 2 years management experienceProficiency in Microsoft Office

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