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Company Info

AtripleA Recruitment and Temps
Pretoria, 2000, South Africa

Company Profile


Specialist: Product Development


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Job ID:

13346

Location:

Pretoria, 2000, South Africa 

Category:

Insurance

Salary:

70 000 per month
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Job Views:

401

Employment Type:

Full time

Posted:

02.12.2018
col-wide   
Fax your CV to 0864810554

Job Description:

Specialist: Product Development_Insurance
Location: Pretoria
Salary: R70 000 (neg)
 
Our client in the long term insurance sector is looking for a Specialist in Product Development to assist in development and pricing of new products, and monitor and maintain the profitability of new and existing products.
 
Description:
Assist in developing and pricing products & System design (Individual Life, Direct Marketing and Group Schemes):
  • Research of new market developments and generation of new product ideas
  • Competitor analysis and feedback from sales staff are used to indicate areas where product development is required 
  • Research product feasibility including administration requirements
  • Check compatibility with business ethics
  • Assist in the finalization of recommendations to the Life Actuarial Committee
  • Perform pricing for target profitability and expense recoupment and assist in the obtaining of Actuarial Certificate from Statutory Actuary. 
  • Prophet work done with Actuarial Valuations department.
  • Ensure final pricing and product offering will be market competitive (TCF)
  • Assist with operational matters around product rollouts application forms, quote package and administration system readiness
  • Collaborate with other departments (like Client Services, Underwriting and Client Services) to improve systems and processes
  • Maintain open relationship and interaction with the sales field
  • Develop sales aids, marketing concepts and presentations to support sales
  • Price group funeral cover
Monitoring of in-force business:
  • Monitor and analyse in-force data
  • Perform experience analysis based on report received from reinsurers and valuations department to confirm lapse assumptions and mortality/morbidity assumptions
  • Develop amendment bases for changes to in-force business
  • Monitor and maintain value of in-force business
  • Contribute to the assessment of performance of group schemes and recommend actions when needed
  • Report to management
Maintenance of reinsurance treaties:
  • Research risk rates and reinsurance terms available in the market – including the use of financial reinsurance
  • Oversee that data and information are provided to reinsurers for special projects
  • Maintain relationship with current and potential future reinsurers
  • Contribute to ensure that optimal levels of reinsurance are in place 
Provide professional input & support to the Group:
  • Answer client queries of a technical nature that was escalated by staff members 
  • Attend to ombudsman queries of a technical nature
  • Assist with amendments to policies where support is required
  • Answer values and product related queries from other departments  

Job Requirements:

 
Requirements:
  • B Degree Actuarial Sciences
  • Passed the A-level subjects
  • Close to qualification
  • Prophet experience – Technical Certification
  • 3 to 5 years in long-term insurance
  • Product development and pricing
 
 
Send your CV and latest pay slip to hilda@aaaa.co.za
AtripleA Recruitment and Temps
www.aaaa.co.za


Company Info


AtripleA Recruitment and Temps
Pretoria, 2000, South Africa

Specialist: Product Development

col-narrow-left   

Job ID:

13346

Location:

Pretoria, 2000, South Africa 

Category:

Insurance

Salary:

70 000 per month
col-narrow-right   

Job Views:

401

Employment Type:

Full time

Posted:

02.12.2018
col-wide   
Fax your CV to 0864810554

Job Description:

Specialist: Product Development_Insurance
Location: Pretoria
Salary: R70 000 (neg)
 
Our client in the long term insurance sector is looking for a Specialist in Product Development to assist in development and pricing of new products, and monitor and maintain the profitability of new and existing products.
 
Description:
Assist in developing and pricing products & System design (Individual Life, Direct Marketing and Group Schemes):
  • Research of new market developments and generation of new product ideas
  • Competitor analysis and feedback from sales staff are used to indicate areas where product development is required 
  • Research product feasibility including administration requirements
  • Check compatibility with business ethics
  • Assist in the finalization of recommendations to the Life Actuarial Committee
  • Perform pricing for target profitability and expense recoupment and assist in the obtaining of Actuarial Certificate from Statutory Actuary. 
  • Prophet work done with Actuarial Valuations department.
  • Ensure final pricing and product offering will be market competitive (TCF)
  • Assist with operational matters around product rollouts application forms, quote package and administration system readiness
  • Collaborate with other departments (like Client Services, Underwriting and Client Services) to improve systems and processes
  • Maintain open relationship and interaction with the sales field
  • Develop sales aids, marketing concepts and presentations to support sales
  • Price group funeral cover
Monitoring of in-force business:
  • Monitor and analyse in-force data
  • Perform experience analysis based on report received from reinsurers and valuations department to confirm lapse assumptions and mortality/morbidity assumptions
  • Develop amendment bases for changes to in-force business
  • Monitor and maintain value of in-force business
  • Contribute to the assessment of performance of group schemes and recommend actions when needed
  • Report to management
Maintenance of reinsurance treaties:
  • Research risk rates and reinsurance terms available in the market – including the use of financial reinsurance
  • Oversee that data and information are provided to reinsurers for special projects
  • Maintain relationship with current and potential future reinsurers
  • Contribute to ensure that optimal levels of reinsurance are in place 
Provide professional input & support to the Group:
  • Answer client queries of a technical nature that was escalated by staff members 
  • Attend to ombudsman queries of a technical nature
  • Assist with amendments to policies where support is required
  • Answer values and product related queries from other departments  

Job Requirements:

 
Requirements:
  • B Degree Actuarial Sciences
  • Passed the A-level subjects
  • Close to qualification
  • Prophet experience – Technical Certification
  • 3 to 5 years in long-term insurance
  • Product development and pricing
 
 
Send your CV and latest pay slip to hilda@aaaa.co.za
AtripleA Recruitment and Temps
www.aaaa.co.za