Product Development Specialist (International Business) Job, Current Actuarial Science Jobs In Kenya 2023,
Job Purpose:
Reporting to the Head of Product Development, the Product Development Specialist will drive the development of end to end customer solutions with focus on International Business customers.
Key responsibilities:
- Product Ideation and Market Research: Generate, develop, communicate and conduct market research for new International Business product ideas in the market.
- Product Design and Pricing: Determine technical premiums for new and repackaged International Business products.
- Product Risk management: Identify and analyze risks relating to new and repackaged International Business products, and setting out proposed risk mitigation measures.
- System and Process Capabilities: Drive the operationalization of new products i.e. ensure processes and systems are in place to administer the complete product administration cycle.
- Product Approvals: Drive the product approval process both within the Company and externally with the Insurance Regulator and other government bodies – where relevant.
- Compliance Requirements: Work with the Legal and Risk functions to ensure that all compliance requirements with respect to products are met.
- Product Documentation: Develop and continually review product training manuals and content for marketing brochures that are appropriate to the target market and distribution channel of the products.
- Work with the Innovation and other teams to turn data insights into profitable products.
- Work with the marketing team to improve the look and feel of Britam product offerings.
- Own and improve the Britam International Business client journey with focus on customer centricity.
- Ad hoc duties assigned by line manager.
Key Performance Measures:
As described in your Personal Scorecard.
Knowledge, experience and qualifications required:
- University Degree in Actuarial Science – or other highly numerate subject area.
- Good progress in examination from the Institute and Faculty of Actuaries or any equally recognized professional actuarial body (attempted and passed at least 8 actuarial exams).
- At least 3 years’ experience in an actuarial or product development function in a very busy office.
- Experience across product lines preferred i.e. life and non-life.
- Proven experience working across functions and with multiple stakeholders.
- A keen eye for innovation in the insurance and financial services space preferred.
Technical/ Functional competencies:
- Excellent oral and written communication skills with the ability to translate and communicate complex insurance and actuarial principles to a non-technical audience.
- Ability to build and maintain effective working relationships with all stakeholders within each client segment.
- Ability to think clearly and analytically.
- Ability to identify and solve all problem types i.e. both technical and non-technical.
- A keen eye for innovation in the insurance and financial services both traditional and non-traditional (FinTechs etc.) spaces.
How to Apply
Unposting Date: 03-03-2023
