Product Development Manager (Actuarial)

Istanbul (Europe) Permanent

Updated on 05/06/2022

  • Global Insurance Firm
  • Product Development Manager (Actuarial)

About Our Client

Global Insurance Firm

Job Description

The successful candidate will directly report to Director and will :

  • Actively participates in and helps manage the product development process including the preparation of the business case, modeling of the product and profit testing, regulatory approval process;
  • Prepares monthly/quarterly reports regarding the persistence, lapse and claims experience of the company;
  • Provides support to sales channels regarding the development of new sales strategies and compensation structures;
  • Works together with the sales channels to determine their needs, helps them enhance profitability and competitiveness of their products and related procedures;
  • Works with the financial valuation team to ensure that the appropriate reinsurance coverage is in place to manage risks attached to products;
  • Manages, along with the Director, the relationship with the various government bodies.

The Successful Applicant

An ideal candidate should have a well-rounded academic background from a top tier educational institution, Masters degree and/or CFA is a plus. Bachelor's degree from actuarial sciences, statistics or mathematics etc., 7-8 years+ work experience in health & life insurance sector, Experience in Actuarial Analysis, Pricing or related technical roles
Preparing for OR passed 1st level actuarial exams, Understanding of basic actuarial metrics (VNB, present value of premiums, etc.), Ability to work well in a team setting, High level of MS Excel/Access proficiency.

Good command of English and Turkish business language is a MUST.

What's on Offer

Client offers a multinational environment, excellent salary and benefits package.

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Elif Tavsancil
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Job summary

Sub Sector
Financial Services
Istanbul (Europe)
Contract Type
Consultant name
Elif Tavsancil
Job Reference