Senior Actuarial Supervisor - Retail Protection Product Development

Senior Actuarial Supervisor - Retail Protection Product Development

Job Description

The Retail Protection Delivery Team is responsible for the design, development and maintenance of new and existing retail protection propositions across the lower and middle-to-high income markets in South Africa. Development support is also provided to our African businesses.

We are passionate about developing simple, yet innovative propositions that are relevant to our customer’s needs, deliver on its promises and ultimately enable our customers to achieve their financial dreams and goals.

The Retail Protection Delivery team has an exciting opportunity for a Senior Actuarial Supervisor. A key focus will be the delivery of major projects and product developments across the South African and Namibian retail market as well as providing ongoing support and product management to Old Mutual’s retail protection products. The role will support the current product ranges as well as any new and innovative propositions for our retail customers. This includes but will not be limited to Life, Disability, Severe Illness and Funeral Cover.

This role will require interaction with a wide variety of stakeholders – including senior management, sales, marketing, administration, IT, legal and compliance.

Key Result Areas

In this role, you will be expected to:

• Partner with product and business stakeholders to ensure delivery that meets the customer needs and enables the strategic intent.
• Play a leading role in the design and ongoing management of the various benefits within the retail product range, as well as supporting product SMEs on their deliveries.
• Work with the teams to break Features into stories, including agreeing acceptance criteria.
• Active involvement in certain team and program meetings: Feature writing (if required), PI planning, all team meetings such as Daily Stand Ups, Sprint Reviews, Sprint Retrospectives, Sprint Planning and Backlog Refinement.
• Incorporate regulatory impacts into retail protection products.
• Review and/or produce product specification documents related to the above.
• Manage profitability, risk and competitiveness of protections products.
• Provide support on annual new business reviews.
• Provide general product support.

Requirements: Skills, Qualifications and Experience

• Qualified actuary or senior actuarial student with at least 5 - 6 years actuarial experience.
• Product development experience would be an added advantage.
• Business acumen and negotiation skills.
• Good interpersonal and communication skills.
• Good organisational and planning skills.
• Strong sense of ownership.
• Ability to work on a wide range of deliverables over a given period of time.
• Good time management to work towards deadlines.

Skills

Communication, Conducting Standups, People Management, Product Development, Product Management, Sprint Retrospective.

Competencies

Balances Stakeholders, Builds Effective Teams, Builds Networks, Business Insight, Communicates Effectively, Develops Talent, Directs Work, Drives Results.

Education

Bachelor of Science (BSc): Actuarial Science (Required).

Closing Date

24 January 2025, 23:59.