Introduction
Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses. Visit us at www.momentumgroupltd.co.za
Disclaimer
As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
To support the pricing and reinsurance functions within FundsAtWork and Group Insurance through actuarial modelling, experience analysis, pricing tool development and reinsurance calculations. The role will contribute to the pricing of new and existing products and the delivery of accurate actuarial insights to support business decision-making.
Requirements
Experience and Qualifications
- Actuarial student with a major in Actuarial Science and/or Statistics
- Passed/exempted from all A1 and A2 level examinations.
- Proficiency in R, VBA and/or SQL would be advantageous
- Experience developing and maintaining actuarial models would be advantageous.
Duties & Responsibilities
Responsibilities and Work Outputs
- Develop, maintain and enhance actuarial pricing models, methodologies and pricing tools used for quotations, rate reviews and product pricing.
- Perform actuarial analyses and calculations relating to mortality, morbidity, expenses, investment fees and other pricing assumptions.
- Assist with the development and application of statistical modelling techniques, including machine learning methodologies where appropriate.
- Support the management of actuarial and product-related risks through appropriate modelling, monitoring and reporting.
- Provide technical actuarial support to quotes, rate review, finance and other business teams.
- Perform reinsurance premium calculations and related actuarial analyses.
- Analyse and assess reinsurance recoveries and related reporting requirements.
- Collaborate effectively with team members and contribute to a positive and high-performance team culture.
- Continuously develop actuarial, industry and regulatory knowledge.
- Manage deliverables effectively and produce high-quality outputs within required timeframes.
Competencies
- Analytical Thinking and Problem Solving
- Attention to Detail
- Delivering Results Under Pressure
- Continuous Learning and Innovation