Product Development Actuary

Job Description

As a Product Development Actuary, you will be responsible for developing and implementing new insurance products, managing the product life cycle, and working closely with sales and marketing teams to ensure that products meet customer needs.

Responsibilities

• Lead product development initiatives and coordinate with sales and marketing.
• Evaluate the performance of existing products and identify areas for improvement.
• Conduct actuarial analysis to support product pricing and design.
• Engage with customers to gather and respond to feedback on products.
• Design and implement product training sessions for sales teams.
• Support regulatory submissions and ensure product compliance.

Requirements

Education

• Bachelor's degree in Actuarial Science or related field
• Master's degree is advantageous

Experience

• 5+ years of experience in product development or actuarial science

Technical Skills

• Product Development
• Market Analysis

Soft Skills

• Decision Making
• Leadership

Certifications

• Professional Actuary Certification

Languages

• English: Fluent

Advantageous

• Experience in Pricing Strategies: Background in developing competitive pricing models for insurance products.

Benefits

• Comprehensive health coverage
• Employee wellness programmes
• Generous leave policies
• Ongoing training and certification support
• Work-life balance initiatives

Company Culture

• Innovation: Our culture encourages creativity and out-of-the-box thinking to develop effective solutions.
• Team Spirit: We foster a strong team spirit that leads to productive collaboration and successful outcomes.
• Community Orientation: We believe in giving back to the community and actively encourage employee involvement.