Momentum Vacancies 2023 – Actuarial Specialist

• 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.