Product & Risk Actuary




Product & Risk Actuary

Cape Town



Group Assurance Products, supporting the Head of Group Assurance Actuarial (Risk).

Responsible for a team of actuarial students, with the focus being to maintain GAPs excellence in product and risk management. Developing and implementing the reinsurance strategy (both long and short term) and will be expected to interact with clients, intermediaries and internal stakeholders at all levels.

Core responsibilities of the role will include:

Develop and implement a framework for performing regular product reviews

Maintenance to and/or enhancements of the existing group risk product range

Identify, manage and mitigate risks in the business relating to group assurance products & reporting thereof to the relevant governing committees

Managing of and reporting on both the inwards and outwards reinsurance requirements for the group risk products for GAP; including (inter alia) auto-treaty, facultative and international pooling arrangements

Setting the strategic reinsurance strategy for GAP, both long and short term

Provide thought leadership and actuarial expertise to a cross-functional team reviewing key features of existing group risk product suite

Provide technical oversight and support, i.t.o. group risk products to servicing areas

Provide support in performing market research & competitor analysis to inform product strategy

Pricing of large and complex group risk arrangements

Training & development of junior actuarial students

Management of multidisciplinary admin team

Qualified actuary / nearly qualified actuary (exceptional candidates who dont meet this requirement may be considered)

At least 5 years of actuarial experience

Exposure to products or pricing roles

Execution of end to end administration for reinsurance

Experience with Group Risk products and reinsurance would be a distinct advantage

Ability to run projects and priorities and work independently

Experience in managing junior actuarial students and a multidisciplinary team

Strong business acumen

Excellent communication skills

Ability to work across teams and collaborate with various stakeholders

Ability to think innovatively in developing client-centric solutions


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