Head: Non-Life Pricing & Structuring (Cell Captive)
Head: Non-Life Pricing & Structuring (Cell Captive)
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
The Structuring and Solutions team forms the key point of contact between the different segments and the technical support areas focusing on client service and client solution development. The area works closely with the Marketing teams in the structuring of new deals providing insights to our clients and business while also providing technical support in the form of pricing product development and the capital modelling of new business prospects.
Role Purpose
The Non-Life Pricing & Structuring (Cell Captive) team looks at providing technical support in the form of pricing product development and the capital structuring of new business prospects.
Duties & Responsibilities
- Provide strategic leadership to the Non-Life Pricing & Structuring (Cell Captive) team ensuring alignment with broader business objectives.
- Take accountability for all product development pricing frameworks and structuring initiatives across the CRS and VUMA portfolios.
- Review approve and sign off on pricing models for new and existing products ensuring compliance with regulatory professional and internal governance standards.
- Lead rate reviews and re-pricing exercises for the existing product suite to maintain technical soundness and market competitiveness.
- Oversee the assessment and approval of new product offerings ensuring they are commercially viable and compliant.
- Partner with internal teams to structure new deals - providing actuarial input on optimal underwriting and capital structuring solutions tailored to client needs.
- Support clients in the design and development of bespoke products with a focus on innovation profitability and sustainability.
- Manage financial performance reporting including monitoring product profitability and adherence to best-practice actuarial standards.
- Act as a senior technical advisor to both clients and internal stakeholders translating complex actuarial insights into actionable business decisions.
Requirements
- Qualified or nearly qualified actuary (FASSA or equivalent international designation).
- Successful completion of F103 (General Insurance Principles) or equivalent short-term insurance exam.
- Bachelors or Honours degree in Actuarial Science Mathematics Statistics or a related field (NQF Level 7).
- At least of 58 years experience in the non-life (short-term) insurance industry.
- Strong working knowledge of actuarial pricing techniques and product structuring principles.
- Exposure to the SAM capital regime.
Competencies
- Analytical & Problem-Solving Skills
- Exceptional analytical thinking and lateral problem-solving capabilities.
- Comfortable working with diverse actuarial models and approaches.
- Ability to work accurately under pressure manage multiple priorities and meet tight deadlines.
- Leadership & Communication
- Proven leadership experience with the ability to lead and mentor a high-performing technical team.
- Excellent written and verbal communication skills with the ability to explain technical concepts to non-technical stakeholders.
- Strong interpersonal and stakeholder engagement skills with the ability to build trusted internal and external relationships.
- Self-starter with the ability to take initiative adapt to change and operate with minimal supervision.
- Collaboration & Innovation
- Collaborative mindset with a willingness to work across functions and with diverse teams.
- Innovative thinker with a strategic and commercial orientation.
- Strong organisational skills and the ability to deliver structured well-documented work outputs.
- Ability to network and consult across all levels of the organisation and with clients on technical structuring matters.
Employment Type
Full-Time
