29.04.2024
Reinsurance Actuary
Sanlam
South Africa, Bellville
Other High-Paying Jobs in South Africa
In this role you will focus on the management and expansion of Sanlam’s Inward Reinsurance, including Negotiation and client management Reinsurance pricing and modelling Reinsurance contract management Reinsurance operational support You will have regular exposure to Exco and the CEOs of the various businesses. Identifying inward reinsurance opportunities and building business cases to improve value generation in SLS Providing actuarial support to the reinsurance operations and pricing teams Develop and maintain pricing models for inwards reinsurance products and services Liaise with the Actuarial Modelling teams to provide specifications and criteria for Pricing Models Liaise with the Actuarial Valuations and Reporting teams to ensure reasonableness of the reporting of reinsurance valuations Engage with the Actuarial Experience Management teams to adjust the pricing assumptions Providing actuarial guidance and support to the ceding company where required Analyzing reinsurance pricing data and making recommendations to improve profitability and mitigate risk Manage reinsurance contracts to be up to date and outsourcing contracts Provide operational support for planning and implementing new reinsurance transactions Manage monthly operational interactions with all parties involved Liaise with the Finance, Underwriting and Chief Medical Office, Balance Sheet Management teams in setting of actuarial pricing and determining authorization limits Build and maintain operational relationship with ceding companies, external partners and reinsurers Liaising with retrocessionaire partners to ensure effective pricing of retrocession contracts Preparing and presenting pricing proposals and reports to senior management and clients Qualifications: An Actuarial Fellowship qualification Experience and skills: Minimum 1 year post qualification experience Strong interpersonal skills The following would be advantageous: Knowledge and experience with reinsurance including FinRe Knowledge of risk cover products Solid actuarial modelling experience Valuations experience and/or product development experience #J-18808-Ljbffr
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