Specialist_Product Development (Insurance)


Any Distance 5 km 10 km 20 km 30 km 40 km km + km 1Developmentjobs inPretoriaon Job MailNo more jobs available matching your search.Verified Ad Specialist: Product Development (Insurance)PretoriaPermanentR70 (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 ideasCompetitor analysis and feedback from sales staff are used to indicate areas where product development is requiredResearch product feasibility including administration requirementsCheck compatibility with business ethicsAssist in the finalization of recommendations to the Life Actuarial CommitteePerform 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 readinessCollaborate with other departments (like Client Services, Underwriting and Client Services) to improve systems and processesMaintain open relationship and interaction with the sales fieldDevelop sales aids, marketing concepts and presentations to support salesPrice group funeral coverMonitoring of in-force business:Monitor and analyse in-force dataPerform experience analysis based on report received from reinsurers and valuations department to confirm lapse assumptions and mortality/morbidity assumptionsDevelop amendment bases for changes to in-force businessMonitor and maintain value of in-force businessContribute to the assessment of performance of group schemes and recommend actions when neededReport to managementMaintenance of reinsurance treaties:Research risk rates and reinsurance terms available in the market - including the use of financial reinsuranceOversee that data and information are provided to reinsurers for special projectsMaintain relationship with current and potential future reinsurersContribute to ensure that optimal levels of reinsurance are in placeProvide professional input & support to the Group:Answer client queries of a technical nature that was escalated by staff membersAttend to ombudsman queries of a technical natureAssist with amendments to policies where support is requiredAnswer values and product related queries from other departmentsRequirements:B Degree Actuarial SciencesPassed the A-level subjectsClose to qualificationProphet experience - Technical Certification3 to 5 years in long-term insuranceProduct development and pricingPosted -12-04 You have successfully created your alert.You will receive an email when a new job matching your criteria is posted.Your account has not been verified. Please use the verification link sent via email.
Posted
05/05/2022
Location
Johannesburg, GT, ZA