About the position
Psybergate is an IT company that builds bespoke software solutions and provides highly skilled resources to its clients.
We are looking for a Marketing Actuary to join our financial services client based in Sandton on a permanent role.
The Marketing Actuary will be responsible for marketing life insurance products and services to both existing and prospective clients, structuring new business deals, and ensuring the successful implementation of transactions.
This role also provides technical actuarial guidance on transactions and manages cell captive portfolios within the life insurance business.
What you will be doing:
- Market life insurance solutions to prospective clients and drive new business opportunities.
- Structure and execute new business transactions, including advising clients on operating models within an outsourced insurance value chain.
- Provide technical life insurance expertise and guidance to clients and internal stakeholders on proposed transactions.
- Prepare and present business cases for approval by internal new business and product management committees.
- Contribute to strategic initiatives aimed at expanding market presence and developing new business opportunities.
- Analyse the South African life insurance market to identify growth opportunities and refine the organisation’s value proposition.
- Build and maintain relationships with key industry stakeholders including brokers, administrators, asset managers, retirement funds, and corporate partners.
- Collaborate with internal business units and group companies to unlock synergies and joint business opportunities.
- Manage third-party cell captives across various product lines including employee benefits, funeral, life, disability, critical illness, credit life, and investment products.
- Monitor underwriting performance, solvency positions, and financial performance of cell captives and prepare client reports.
- Ensure compliance with legislative requirements, market conduct standards, and contractual obligations.
- Facilitate reinsurance renewals and coordinate with relevant departments and stakeholders.
- Stay updated on regulatory and legislative developments within the life insurance industry.
What we are looking for:
- Relevant tertiary qualification such as BCom, BSc, or similar.
- Actuarial qualification (or nearly qualified), CFA, or equivalent professional qualification.
- FAIS compliant (RE5 and RE1 advantageous).
- 3 - 5 years’ experience within the financial services industry.
- Strong life insurance technical knowledge and understanding.
- Experience in client-facing roles and stakeholder engagement.
- Strong accounting and/or actuarial analytical skills.
- Experience in deal structuring or transaction-based environments is advantageous.
- Strong communication, negotiation, and relationship-building skills.
- Results-driven with strong business acumen and critical thinking ability.
- Ability to manage multiple stakeholder engagements simultaneously.
- Self-starter who can work independently in a fast-paced environment.
Please note if you do not hear from us within 3 weeks, consider your application unsuccessful.
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Desired Skills:
- Life Insurance
- Actuarial Analysis
- Insurance Product Development
- Financial Modelling
- FAIS
