Friday , March 17 2023

Momentum Vacancies 2023 – Actuarial Specialist

Website Momentum

Job Description:

To assist with actuarial product management tasks as an Actuarial Specialist in the Legacy Solutions Product Management team in Cape Town.

Job Responsibilities:

  • Improving client value through the levers that drive it;
  • Test the implementation of system product changes.
  • Propose the appropriate enhancements/changes to existing products and benefits;
  • Produce special quotations for new and existing Metropolitan Retail products.
  • Providing support to the service areas in terms of product content.
  • Implementation of changes to align with legislation;
  • Managing own performance and development.
  • Documenting and reviewing all existing product bases;
  • Legal and compliance requirements;
  • Ensure that clients are treated fairly through product design, communication and advice, and address any areas on the in-force book where improvement in this respect is required;
  • Product, process and data improvements.
  • Identify system errors, propose the most appropriate way to fix these and ensure the successful implementation;
  • The product management of legacy solutions by adequately balancing the objectives of the different stakeholders:
  • Profitability management of existing products;

Job Requirements:

  • Achievement orientation
  • Client-centric and focus on proving customer service
  • Ability to examine and interpret data and provide insights
  • High degree of self-motivation and can work independent of supervision
  • Results and solution focused
  • Effectively manage time and ensure optimal productivity
  • Flexibility to cope with pressure and setbacks delivering results and meeting expectations
  • Excellent analytical and communication skills
  • Strong technical expertise
  • Sound numerical skills and computer literacy is essential especially in the use of MS Excel and MS Word;
  • Good progress with actuarial subjects;
  • Proficiency in insurance products, contracts and knowledge of the relevant industry legislation and relevant industry agreements would be an advantage;
  • Naturally inquisitive mind set, with a strong innovative tendency
  • Self Confidence

Qualification & Experience:

  • 2–3 years’ relevant experience in product management, product development and/or product pricing in the individual life insurance industry required;
  • An actuarial or B-degree with mathematics or statistics as majors;
  • Matric
  • Skills/experience in data management and extraction would be an advantage.

Job Details:

Company: Momentum

Vacancy Type: Full Time

Job Location: Bellville, Western Cape, SA

Application Deadline: N/A

Apply Here