Job Description
About the Role
AtripleA recruitment & temps is seeking a highly skilled Specialist in Product Development to join our client’s team in Pretoria. The successful candidate will play a crucial role in developing and pricing new products, monitoring and maintaining the profitability of existing ones, and collaborating with various departments to improve systems and processes.
Key Responsibilities
- Assist in developing and pricing individual life insurance products
- System design for direct marketing and group schemes
- Research new market developments and generate product ideas
- Perform competitor analysis and gather feedback from sales staff
- Ensure final pricing is market competitive (TCF)
- Develop sales aids, marketing concepts, and presentations to support sales
- Price group funeral cover
- Monitor in-force business data and perform experience analysis
- Maintain value of in-force business
- Contribute to the assessment of performance of group schemes
Requirements
- B Degree Actuarial Sciences
- Passed A-level subjects
- Close to qualification
- Prophet experience – Technical Certification
- 3 to 5 years in long-term insurance
- Product development and pricing skills
Qualifications
- Bachelor’s degree in Actuarial Sciences
Salary & Benefits
R70,000 per annum (negotiable)
How to Apply
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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