Product Development and Pricing1/2/2022 - 31/12/2022Pricing and re-pricing life insurance products: producing premium rating tables for existing and proposed life insurance products.Pricing models: developing and maintaining models to determine premium rates for life insurance products.Assumption setting: Assisting in setting and reviewing assumptions used in Pricing models.Scenario Testing and Sensitivity Analysis: Conducting scenario testing and sensitivity analysis to assess the impact of different assumptions and variables on product performance.Collaboration with business departments: Working closely with other departments such as underwriting, marketing, sales, and legal to ensure that products are developed and priced effectively.Continuous Improvement: Identifying opportunities for improving pricing models, product design processes, and actuarial methodologies.Valuations/Capital Management1/2/2021 - 31/1/2022Data Analysis and Validation: Collecting, cleaning, and validating data for actuarial valuationModelling and Cashflow projections: Developing and maintaining actuarial models used to project future cashflows, reserves and liabilities.Assumption setting: Assisting in setting and reviewing assumptions used in actuarial models.Valuation calculations: Performing periodic valuations of insurance policiesRegulatory submissions: Quantitative Reporting templates (QRTs), Own Risk and Solvency Assessment (ORSA). Financial Reporting: Preparing notes to the financial statements and internal management reports.IFRS17 implementation: Assisted implementation by testing IFRS17 valuation models, Transition runs, sourcing data.

Output/Core tasks• Maintenance and development of Prophet model used in the valuation process, solvency calculation and balance sheet projections• Review and enhance specifications for model changes• Unit and regression testing of model changes• Documentation of model changes and tests• Support with the implementation of IFRS17 to models• Peer review of specifications, model changes and documentation• Assistance with ad-hoc tasks and investigations