Senior Specialist: Middle Market Life Solutions

Senior Specialist : Middle Market Life Solutions

• Newly or nearly qualified actuary

• More than 5 years in similar environments (actuarial life experience in product or suitable commercial roles)

• Lead strategic simple solutions projects with structured execution plans, managing personal and team outputs.
• Act as a senior team member in developing or enhancing simple life solutions.
• Analyze profitability and commercial contribution to the Simple Life Solutions Commercial unit.
• Use stakeholder inputs to assess:
  • Market trends
  • Customer needs
  • Channel needs
  • Regulatory requirements
  • Competitor insights
  • Gaps/issues in current solutions
  • New product opportunities
• Develop and maintain technical product artefacts, including:
  • Product specifications
  • Policy document specs
  • Customer communication content
  • Technical marketing content
• Collaborate with technology teams to ensure correct and efficient implementation of solutions.
• Use management information and data to monitor solution performance and support recommendations.
• Support commercial and first-line risk management.
• Assess pricing strategy and risk levers, including:
  • Mortality
  • Morbidity
  • Lapse
  • Operational risk
  • Market risk
  • Other broader risks
• Incorporate risk mitigation through:
  • Product design
  • Pricing (with pricing SMEs)
  • Underwriting and claims rules
  • Reinsurance design
  • Collaboration with functional areas and stakeholders (aligned with IAM and SARLSA operating model)
• Ensure:
  • Commercial optimization
  • Intuitive customer journeys
  • Strategic alignment
  • Adequate risk controls
• Ensure compliance with:
  • Internal policies and standards
  • Relevant governance for approvals, specs, and solution artefacts
• Prepare and present reports or support reporting to governance/management forums.
• Mentor and guide junior team members.

• Participate in cross-functional teams for strategic solution development.