Job Description

Senior Specialist : Middle Market Life Solutions

Qualifications:

• Newly or nearly qualified actuary

Experience:

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

Responsibilities:

• 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.