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Location: Cyprus,Nicosia
Reference: 2163
Date Posted: 22/12/2017
Product Actuary Officer
CareerFinders, on behalf of our client, one of the Islands Leading Insurance Companies with headquarters in Nicosia, we are seeking to recruit a Product Actuary Officer to join their expanding team of professionals.
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Key Duties/Responsibilities:
  • Designs and sets the prices of new products based on profitability targets and Company needs, with the aim of generating new sales and retaining existing customers.
  • Identifies, collects, analyzes and distributes competition elements about products offered and their distributed way, including pricing and distribution cost data, to ensure the provision of a competitive product offering.
  • Identifies the cost of new products in relation to customers and the competition, to ensure the provision of a competitive product offering.
  • Performs financial analysis and modeling of pricing elements, particularly on the issue of chan-nel sales remuneration, with the aim of ensuring the offering of competitive product pricing and the appropriate remuneration of sales channels.
  • Participates in the design, development and maintenance of specialized business tools with the aim of generating new sales.
  • Controls and verifies the orderly operation of products in the Company’s systems in order to generate new sales and properly manage the Company’s portfolio and customers.
  • Coordinates the introduction of new Company products with the aim of implementing them in accordance with the Company's "New Product Design and Implementation Process".
  • Supports the Sales Chanel, the Customer Service Center and other Company Departments by providing special pricing and special Insurance quotations with the aim of generating new sales.
  • Processes ad hoc Management requests, and requests from internal and external associates, ensuring effective completion within the specified deadlines.
 Key Skills/Experience:
  • Bachelor's Degree in Actuarial Sciences / Mathematics / Statistics or in another field related to insurance.
  • A postgraduate degree in a related field will be considered an advantage.
  • At least two years’ experience in a similar job at a Life Insurance Company.
  • Experience in pricing and product modeling will be considered an advantage.
  • Very good knowledge of MS Office.
  • Knowledge of the actuarial system Prophet will be considered an advantage.
  • Excellent knowledge of both Greek and English, both in written and spoken language.
To apply for this vacancy, please send your CV, along with any covering letter by December 11th, 2017 to  quoting the above job title or alternatively call +357 22 002 285 for more information. Please note that due to the high volumes of applications received only shortlisted applicants will be responded to.
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