Senior Product Specialist : Income Solutions up to R1m

Senior Product Specialist (Income Solutions)

The Senior Product Specialist (Income Solutions) will play a leading role in managing the guaranteed annuity and structured product solutions.

Duties & Responsibilities

• Understand and manage the pricing models for guaranteed annuities and structured solutions.
• Collaborate with the valuations teams to understand and unpack the reserves and value of business for these products.
• Collaborate with the Asset Management teams to understand the impact of changing circumstances on pricing models.
• Provide deep insight into all assumptions and models affecting the products.
• Monitor the business mix and actual versus assumed parameters in the pricing models.
• Provide feedback to management on all issues related to these products when relevant.
• Apply judgement in pricing that balances all stakeholders when special quotes are requested.
• Provide support as a subject matter expert to internal and external stakeholders.
• Support the implementation teams for any changes from a system and experience perspective.
• Keep abreast of market and regulatory changes and opportunities afforded by these changes.
• Keep updated on the state of competitor products and pricing models.
• Monitor the experience of existing solutions as an early indicator of success / warning of changes required.
• Ensure the integrity of the data and propose solutions where processes should be updated.
• Provide input into analysis and business insights.
• Present solutions and proposals to governance forums including the product management committee, Manco, Excos, etc. as required.
• Make recommendations for improvement within area of responsibility.

Desired Experience & Qualification

Package & Remuneration

Up to R1m CTC

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