Actuarial Analyst Product at Hollard Insurance

Job Advert Summary

• We exist to maximize value to customers and Hollard by making the right products available for customers, which includes both Life and Short term products
• The job role is within the Hollard Life business in the Product Actuarial team
• Role focus would be to assist and support the Product Manager in the development, pricing and management of primarily Individual Life Risk products, focusing on those sold through Advice-led channels
• Assisting and supporting the Product Manager and team in meeting divisional objectives

Key Responsibilities

• Support in research to aid in extracting 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
• Providing sign-off of customer facing documentation and ensuring that these are compliant to Governance standards within Hollard
• Ad-hoc projects and investigations in support of business enablement
• Provide product support to other internal departments such as Operations and Distribution.
• Contribute to idea generation, product concept definition and evaluation of 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

Required Knowledge and Experience

• 2 to 3 years of experience in financial services
• Preference to those with exposure to life insurance
• Ability to communicate to colleagues and management development or pricing of risk benefits
• Ability to persuade and influence people trough logical thought and reasoning
• Knowledge of Excel, VBA and SQL would be an advantage
• High attention to detail and accuracy
• Technically strong
• Strong degree of common sense
• Passion for products, pricing and people
• Broad Life insurance knowledge
• Broad understanding of insurance distribution methods and administration systems
• Strong commercial acumen and insight into insurance business
• Confidence in communicating (Written and verbal), with the ability to tailor complex communication depending on the audience
• Critical thinking and sound questioning of concepts or ideas
• Sound relationships building skills

Educational Requirements

• 3-year degree in actuarial science
• Making good progress with the Technical subjects of a professional actuarial qualification, ideally all A100 and A200 credits