Actuarial Analyst: Partner Products - Parktown
Job details
All right, all right - let's cut to the formalities.
Here's the deal. At Hollard, we get up in the morning to ensure people sleep better at night.
Our job is to look after the stuff our customers love. In fact, 5 million people already trust us with their stuff.
That's pretty big deal to us.
Impressum
The Hollard Insurance Co. Ltd (Reg No 1952/003004/06) is an Authorised Financial Services Provider.
Hollard Life Assurance Co. Ltd (Reg No 1993/001405/06) is an Authorised Financial Services Provider.
Hollard Investment Managers Pty Ltd (Reg No 1997/001696/07) is an Authorised Financial Services Provider.
Specialties
Funeral insurance, Life insurance, Hospital Cash Back Plan insurance, Motor Xtender vehicle warranty insurance, Pay As You Drive usage-based car insurance, Motor and Household insurance, and Parnership philosophy - Flexible approachJob Advert Summary
The primary purposes of this role are to:
Assist with the design, development, pricing and maintenance of the Hollard Life Solutions (HLS) insurance products (life, risk and simple short-term products).
Support the actuarial administration and management of the in-force suite of products.
Monitor the ongoing product profitability and to assist with the management thereof within Hollard's risk appetite.
Conduct and assist with experience investigations, including the required data-related work.
Collaborate with other team members in a professional manner in order to deliver on Hollard's shared vision.
Key Responsibilities
Define benefit and technical specifications for new product developments and enhancements to existing products.
Resolve technical queries on premiums, benefits and values and assist with product and benefit complaints appropriately.
Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new and existing products and benefits.
Draft and/or review policy documents, policy terms and conditions, product marketing and customer communication, and ensuring that these are compliant to Governance standards within Hollard.
Ensure alignment of new and existing products to legislation, industry guidelines or codes.
Testing premiums and benefits to ensure products are implemented in line with specifications.
Monitor ongoing performance of products and assess whether product development objectives are being met.
Ad-hoc projects and investigations.
Monitor the competitive positioning of products and benefits relative to the market by features, simplicity, price and ease of business.
potential risks associated with benefits and customer segments as well as opportunities to mitigate or avoid.
Develop product and benefit training material as required.
Conceptualise new products and product enhancements.
Provide product support to other internal departments such Operations and Distribution.
Provide technical benefit support on public relations articles.
Engage with other stakeholders in the business.
Required Knowledge and Experience
0 to 3 years of experience in financial services. Exposure to life insurance is beneficial.
Knowledge of VBA is beneficial.
Knowledge of SQL is beneficial.
Required Knowledge and Skills
High attention to detail
High degree of accuracy
Technically strong
Ability to work on multiple tasks simultaneously
Ability / desire to challenge the status quo
Sound relationship building skills
Passion for products, pricing and people
Broad Life Insurance knowledge
Broad understanding of insurance distribution methods and administration systems
Commercial mindset and interest in the role of life insurance within society
Ability to plan, prioritise and work towards deadlines
Ability to communicate clearly to colleagues and management both verbally and in writing with the ability to tailor complex communication depending on the audience
Self-starter / initiator
Critical thinking and sound questioning of concepts or ideas
Analytical skills and attention to detail, balanced with strategic vision, a strongly developed creative side and big-picture thinking ability
Educational Requirements
3-year degree in actuarial science.
Making good progress with the Technical subjects of a professional actuarial qualification.
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