Tuesday , March 28 2023

Momentum Careers Vacancies – Actuarial Specialist

Website Momentum

Job Description:

To provide technical support to all business stakeholders, with a strong focus on product development, product management, calculation tools, pricing and data analysis. The incumbent will provide support on Momentum Life insurance product (Myriad) to ensure that outcomes are aligned with Momentum Life objectives. We are looking for a dynamic individual who can comfortably support all the above disciplines within the Product & Pricing Team.

Job Responsibilities:

  • Provide support in the development and delivery of innovative products/benefits to meet profit requirements and in line with our strategy.
  • Provide actuarial support in the management of the Myriad in-force product by identifying revenue opportunities and be able to obtain data to analyse the opportunity and to quantify the financial impacts.
  • Stay abreast of the latest technology, research, innovations, commercial environment and the regulatory environment to understand and share how these impacts the product strategy.
  • Develop, maintain and enhance supporting tools and calculators to support pricing, reinsurance and product management.
  • Handle and resolve technical queries and/or complaints from internal (underwriting, claims, service etc) and external sources (financial advisors, sales consultants etc).

Job Requirements:

  • Service-orientated
  • Adaptability and relatability to various stakeholders
  • Strong connection to people
  • Strong MS Office skills (other programming skills will be an advantage)
  • Strong verbal and written communication skills
  • Adhering to company values and culture
  • Competitive, strong interpersonal skills, analytical and Innovative

Qualification & Experience:

  • At least 3 – 5 years’ experience in individual life insurance product development, life insurance pricing, life insurance product management OR
  • Financial reporting OR Balance Sheet Management.
  • Minimum Actuarial Science Degree
  • Good progress with actuarial exams with completion of at least the Foundation & Intermediate Technical actuarial examinations (A1 & A2) as well as Actuarial Risk Management (A3). Completion of at least one F1 (Fellowship Principles) will be an advantage.

Job Details:

Company: Momentum

Vacancy Type: Full Time

Job Location: Centurion, Gauteng, SA

Application Deadline: N/A

Apply Here