Array ( [edu] => 0 [exp] => 0 [skill] => 0 ) Product Development Officer at Old Mutual Kenya December, 2022 | MyJobMag
 
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  • Posted: Dec 7, 2022
    Deadline: Not specified
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    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
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    Product Development Officer

    Job Description

    • Develop, price and monitor experience of life insurance products in East Africa.
    • Work closely with distribution channels, providing expert and technical support to assist in enhancing sales e.g. responding to client queries on product performance, developing quotation tools.
    • Support product marketing through training and providing support to distribution channels in the field.

    Key Tasks And Responsibilities

    • New product development and major reviews of existing products –
      • Creation of pricing models (Excel and Prophet) and pricing specification documents.
      • Competitor analysis
    • Assist in building product rules on the various Life systems, working with the system vendors. Test and monitor deployment.
    • Regularly monitor product rules on the various Life systems, investigate and propose fixes for the system vendors to implement. Test and monitor deployment.
    • New business support - Retail
      • Drafting responses to customer queries on benefits and projected values.
      • Creation and review of (Web and Excel) quotation tools per product
      • Review of surrender and maturity values for all products that are not in the Life System.
    • Corporate Business support –
      • Calculation of profit shares for schemes
      • Creation and review of quotation tools
    • Client services support – responding to difficult customer queries specific to nature of query and product rules that apply.
    • Regular reinsurance optimization projects: - modelling scenarios
    • Proposing and implementing changes to minor product rules and processes to improve operational efficiency and customer experience.
    • Regular reporting of the performance of new and reviewed products.
    • Updating advisor packs to incorporate important information.
    • Ad hoc tasks as requested by management from time to time.

    Skills And Competencies

    • Extensive experience in product pricing and profit-testing.
    • Proficiency in Prophet.
    • Proficiency in Excel and Visual Basic Application.
    • Excellent critical thinking and problem-solving skills.
    • Good business acumen

    Knowledge & Experience

    • 4-5 years of experience in product development and/or actuarial valuations.
    • Technical knowhow.
    • Knowledge of the Kenyan life products market.

    Qualifications

    • Bsc. Actuarial Science.
    • Actuarial qualifications; passed at least 7 actuarial examinations.

    Method of Application

    Interested and qualified? Go to Old Mutual Kenya on oldmutual.wd3.myworkdayjobs.com to apply

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Average Salary at Old Mutual Kenya
KSh 144K from 4 employees
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