Pretoria Specialist: Product Development 70000 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 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 Requirements: · B Degree Actuarial Sciences · Passed the A-level subjects · Prophet experience – Technical Certification · 3 to 5 years in long-term insurance · Product development and pricing Send your CV and latest pay slip to raca@aaaa.co.za ATripleA Recruitment and Temps www.aaaa.co.za Posted 2024-01-26 Please provide ALL the information requested below, to submit your CV: Attach the files below Files must be: Smaller than 3 megabytes each Either MS Word, PDF, Jpeg images or text (txt) files Please provide ALL the information requested below, to submit your CV: Your first name: Your surname: Your email address Attach the files below Files must be: Smaller than 3 megabytes each Either MS Word, PDF, Jpeg images or text (txt) files Attach your CV: Attach a copy of your ID: Attach a recent payslip: I agree that AtripleA Recruitment&Temps may collect my personal information as submitted, and make use of this information as set out in the Privacy Policy#J-18808-Ljbffr