Group Risk Product Specialist (Pricing) - Insurance

SUMMARY:
Our client is a dynamic and vibrant player in South Africa’s life insurance industry. They are passionate about life insurance and the good it can do. In the digital era, people are collaborating, co-creating and sharing like never before. Consumers want to take charge and customise every part of their world to meet their needs.

POSITION INFO:

What you’ll be doing if you get the job:

As a member of our client’s team, the primary focus of your role will include driving the formulation and implementation of the risk model and claims philosophy, analysis of claims and other data to recommend and implement changes to the risk model, sanctioning new risk strategies, managing relationships and policies with the reinsurers, creating training material and educate risk consultants on industry trends, standards and risk management skills, assisting with the definition of operational processes related to risk management. Your role may change over time, depending on your performance, your needs and the business’s needs.

 The Incumbent will be responsible for:

• • Screening and analysing new and existing business pricing requests: o Analyse and format data received from broker
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• • Gathering, assessing and analysing all relevant information needed to: - Provide a new business cover proposal
• - Review existing business premium rates and terms and conditions
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• • Preparing quality Cover Proposal Documents for both existing and new business (including program runs to determine rates) which are accurate and timeous:
• • Compiling, monitoring and analyse claims experience for new and existing business
• • Assessing and calculating the risk rate, free cover limits and underwriting requirements for the products requested utilising the current pricing tools.
• • Provide feedback to Product Development on current benefits and opportunities
• • Determining suitable terms and conditions so that the risk can be managed.
• • Consider wider topics of risk management such as occupational and industry risks.
• • Identifying and solving of problems within the business environment
• • Liaising with clients (both external and internal) on rates, products, tenders, revision and other risk issues
• • Collaborate with reinsures for benefit rates on a treaty - and facultative arrangement basis
• • Assisting with ad-hoc projects and miscellaneous queries
• • Meet deadlines set
• • Retrieve data from administration systems
• • Assist new recruits in up-skilling

 Who’ll you report to:

You’ll be based within our Enterprise, Risk and Innovation division at our client’ Sandton, Johannesburg office. You’ll report to Senior Actuarial Analyst, who is accountable for the Group Risk Pricing team.

NB! This job is now closed. You can apply for other jobs by uploading your CV.