Job Description
About the Role
A leading insurance company is seeking a highly skilled Senior Actuarial Product Specialist to join their team of professionals in Johannesburg. In this role, you will assist and support the Product Manager and team to meet objectives, utilizing your technical expertise and passion for people, products, and pricing.
Key Responsibilities
- Interrogate research results and extract conclusions that will enable the creation of the product customer value proposition (CVP)
- Define and review product specifications for new product developments
- Technical pricing (assumption setting, premium calculation, pricing review and financial business projections) of new products and benefits
- Ensure alignment of new and existing products to legislation, industry guidelines or codes
- Monitor ongoing performance of products and ensure benefit development objectives are met
- Provide sign-off of customer-facing documentation and ensuring that these are compliant with Governance standards
- Ad-hoc projects and investigations in support of business enablement
- Provide product support to other internal departments such as Operations and Distribution.
- Facilitates idea generation, product concept definition and evaluation processes with stakeholders
- Redevelop products and deploy updates and enhancements based on feedback from all stakeholders, ongoing assessment of the effectiveness of product delivery and the performance of the product, as measured by the agreed key performance indicators
- Ensure completeness of the project plan for the implementation of changes/innovations
- Provide oversight and guidance to team members
Requirements
- 5+ years experience in Financial Services
- 3 years life insurance experience
- SQL knowledge would be advantageous
Qualifications
- Newly or nearly qualified Actuary
Salary & Benefits
Salary: negotiable. Our client is offering a highly competitive salary for this role based on experience.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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