Actuarial Pricing Specialist
Isilumko Staffing
Cape Town, Western Cape, ZA
4d ago
  • 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
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