Actuarial Pricing Specialist | Based in Tygervalley or Sandton at Sanlam Group

What will you do?

• The successful candidate will be responsible for taking a leading role in providing pricing support of retail and group products for businesses within SanlamAllianz Life.
• The role covers pricing for both affluent and entry level / mass market products and includes the full spectrum of risk, retirement, savings and investment products.
• Projects will range from revamping existing products – through repricing or adding new features – to developing new products that are often first in the market. 

Responsibilities of the role include: 

• Pricing – Determining appropriate pricing basis and performing the pricing calculations using Prophet and Excel. 
• Influence strategy – identifying the unique risks and opportunities for each product and through pricing insights enabling SanlamAllianz businesses to drive specific distribution, marketing and risk management strategies 
• Documentation – Writing pricing reports that clearly document the pricing process, assumptions and results.   
• Drive pricing approvals – Engaging a wide range of stakeholders, including the Head of Actuarial function, to ensure an efficient approval process.      
• Model handover – Supporting the actuarial valuations and Prophet model development teams with the model implementation of new products.  
• Process Improvement – Developing pricing and review tools to enhance the efficiency of the SanlamAllianz Product Support team and promote best practices in product development. 
• This role involves close collaboration with Product Development Managers as well as active engagement with senior management from the businesses, valuation teams, SanlamAllianz Modelling team and SanlamAllianz Head of Actuarial Function to ensure that stakeholder requirements are considered and appropriately addressed.

What will make you successful in this role?

Success in this role will be measured by the candidate’s ability to:

• Collaborate effectively with a wide range of stakeholders to develop optimal pricing solutions 
• Solve complex problems encountered during the pricing process 
• Demonstrate a willingness to learn 
• Show curiosity in investigating unique elements of each product 
• Prioritise deliverables under pressure and manage stakeholder expectations to ensure SanlamAllianz’s strategic product objectives are met.

Qualification and Experience

• Qualified or nearly qualified actuary (maximum 2 exams outstanding)

Knowledge and Skills

• Experience in product development and/or pricing (preferable)  
• Proficiency in Prophet is essential  
• Ability to plan, prioritise and align work to meet organisational goals 
• Problem solving skills
• Technical pricing skills

Personal Attributes

• Strong analytical and conceptual thinking 
• Ability to manage complexity and find simple solutions to complex problems
• Ability to work independently, take initiative and meet deadlines
• Good verbal and written communication skills to manage relationships with business stakeholders