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Actuarial Analyst
| Closing Date | 2024/11/29 |
| Reference Number | MMH241119-3 |
| Job Title | Actuarial Analyst |
| Position Type | Permanent |
| Role Family | Actuarial |
| Cluster | Momentum Insure Company Limited |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Centurion |
Introduction
Momentum Group Limited (Momentum Group) is a significant player in South Africa’s life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients’ financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.
Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit’s inherent energy and commercial drive through our collaborative federated approach. 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 be involved in all aspects of actuarial management of a short-term insurer with a focus on pricing and product development, including business intelligence, underwriting and other ad-hoc commercial involvements. This is a technical role with opportunities to develop.
Requirements
Experience and Qualifications
1 – 3 years short-term insurance, with experience in Short-term Insurance pricing, will be preferred.
A degree in Actuarial Science, Statistics, Business Sciences or Business Mathematics. Other degrees or postgraduate qualifications with a statistical/modelling aspect and/or experience will be considered.
Microsoft Excel proficiency.
Basic programming skills.
Duties & Responsibilities
Collect data from various sources and assess the completeness and accuracy of the data.
Perform data analysis and advise on appropriate actions to be taken.
Perform detailed statistical investigations using specialised software.
Technical pricing model development and implementation assistance.
Technical pricing innovation and improvement on existing models
Street pricing development and practical implementation assistance
Pricing monitoring.
Input into product development and business processes where required.
Design and build analytical solutions to meet business needs.
Competencies
Analytical and technical skills.
Problem solving
Producing innovative solutions to problems
Effective communication (written and verbal)
Accountability
Good interpersonal skills
Proficient in managing priorities
Coverage & Engagement Specialist
| Closing Date | 2024/11/26 |
| Reference Number | MMH241112-4 |
| Job Title | Coverage & Engagement Specialist |
| Position Type | Permanent |
| Role Family | Sales |
| Cluster | Momentum Corporate |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Western Cape |
| Location – Town / City | Cape Town/Sandton |
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 increase new business opportunities and achieve sales targets for Structured Investments and Annuities (SIA) through productive engagements and negotiations with financial advisers, corporate clients, channel stakeholders and strategic alliances and partners.
Requirements
Relevant Degree
MBA or equivalent
4 – 6 years’ experience in corporate business development and sales, or corporate client service or marketing within a financial services environment
Exposure to B2B integration
Duties & Responsibilities
INTERNAL PROCESS
Work with Head of Structuring and Engagement and other stakeholders to develop and embed an engagement and coverage model that speaks to the entire landscape of our business, such as direct, corporate investment consultants and the employee benefits market.
Engage with channels to identify opportunities for sales and to provide relevant sales support.
Develop innovative methods to identify and develop new channels and business opportunities.
Engage with prospective corporate clients, financial advisers and partners to determine their needs and provide them with appropriate solutions.
Collaborate with internal stakeholders to translate client requirements into products, solutions and business cases.
Contribute to and coordinate the solution design process based on a client’s requirements to effectively package and market products or solutions to meet their financial needs.
Prepare proposals for deal-makers, technical marketing and product houses that capture client requirements and the relevant aspects of the solution.
Facilitate presentations, meetings and discussions with key senior stakeholders and create awareness of the features and benefits associated with the various solutions.
Establish appropriate feedback mechanisms to understand the outcomes of the sales and implementation process.
Contribute to the development of product training material for channels, clients, and financial advisers.
Continuously develop own expertise in terms of professional, industry and legislation knowledge.
Apply key financial adviser management principles to existing clients/financial advisers and develop a growth and retention strategy.
Work closely with the member solutions team and other intermediated channels to execute on the SIA strategy.
Roll out SIA solutions to all Momentum distribution teams and work with them to segment and identify target markets.
Identify other partners and replicate successful models.
Identify other SIA opportunities and target aggressively.
Do a client/financial adviser audit and gauge needs, satisfaction levels, challenges, get IP about competitors, etc.
Research the SIA landscape.
Identify new strategic partners and grow the coverage footprint.
CLIENT
Build and maintain an exceptional trusted un-bias client advisory relationship at a senior decision-making level and other key stakeholders, providing them with authoritative expertise and advice
Develop in-depth client and industry needs and intelligence and sharing this analysis with the business to assist in identifying growth opportunities
Applying a deep understanding of client requirements in designing and structuring client appropriate solutions
Create strategic partnerships with other external stakeholders to identify growth opportunities based on targeted client’s priorities and requirements
Work closely with internal distribution resources, building appropriate relationships to create an environment that facilitates new business growth
Contribute to sustaining a competitive edge through external networking and representation on related forums
Contribute to the design of client journeys that result in a superior client experience.
Engage with key internal and external stakeholders to identify changing client needs and align service offering with client needs
Participate and contribute to an entrepreneurial culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
PEOPLE
Demonstrate personal involvement, commitment, and dedication in support of organisational values and positive work culture
Drive a learning, innovative and growth culture whereby information regarding successes, issues, trends, and ideas are actively shared between team members
Collaborate effectively with colleagues, and the various teams that we interact with across the Group
Drive an entrepreneurial culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness
FINANCE
Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct.
Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.
Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.
Competencies
Business Acumen
Client/ Stakeholder Commitment
Results Driven
Leading Change and Innovation
Collaboration
Impact and Influence
Accountability
Self-Awareness and Insight
Diversity and Inclusiveness
Excellent Communication skills
Teamwork
Actuarial Pricing Specialist
| Closing Date | 2024/12/10 |
| Reference Number | MMH240919-8 |
| Job Title | Actuarial Pricing Specialist |
| Position Type | Permanent |
| Role Family | Actuarial |
| Cluster | Momentum Insure Company Limited |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Centurion |
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 organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Group provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
The purpose of this role is to price and manage the risk in respect of new and existing business to ensure profitability and sustainability. The area is a high-pressure environment, and the suitable candidate needs to be able to produce high quality work while ensuring that tight deadlines are met.
Requirements
Experience and Qualifications
Bachelor’s degree in Actuarial Sciences
Qualified actuary or nearly qualified actuary
5 years or more of Actuarial modelling and pricing experience within the Short-Term Insurance industry. Preference will be given to candidates that demonstrate advanced pricing and product development experience.
Experience with software packages like SQL, SAS, R, Python, Willis Towers Watson, Earnix and AKUR8
Advanced Microsoft Office, in particular Excel, user.
Experience with programming and mining large datasets for commercial value.
Duties & Responsibilities
Maintain, develop, and implement market leading Short-Term Insurance pricing models.
Explore and identify data and rating enhancements to inform pricing models.
Ownership of model performance against actual experience and acting on model weaknesses.
Developing and implementing pricing strategies for new and existing business to achieve growth and profit objectives.
Support the development of new and innovative products.
Drive, implement and maintain proper governance on pricing developed/deployed.
Support/advise the business using data and analytics.
Competencies
Passion for Short-Term Insurance (STI) and pricing STI products.
Taking initiative to identify areas for improvement and act on it.
Being creative and finding innovative solutions.
Making practical and financially sound decisions.
Ability to take ownership of deliverables and drive them to completion with minimum supervision.
Ability to perform under pressure and effective management of time to ensure project timelines are met.
Ability to manage multiple tasks concurrently.
Meticulous attentiveness to detail and accuracy.
Good communication skills – written and verbal.
Product Analyst
| Closing Date | 2024/12/13 |
| Reference Number | MMH230523-1 |
| Job Title | Product Analyst |
| Position Type | Permanent |
| Role Family | Information Technology |
| Cluster | Momentum Life |
| Remote Opportunity | Some of the time |
| Location – Country | South Africa |
| Location – Province | Gauteng |
| Location – Town / City | Centurion |
Introduction
Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle 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 organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses. Visit us at www.momentummetropolitan.co.za
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
We are looking for an enthusiastic individual with strong analytical skills to assist in the realization of Business Strategy, through the understanding and clear communication of product requirements to all impacted stakeholders. This key position in a dynamic Product team, will provide an essential bridge between actuarial life product requirements and the IT team, facilitating the efficient maintenance and development of IT solutions to meet all product requirements as envisaged. The role will require strong interpersonal communications skills, with the ability to relate and engage equally with actuarial, retail administration and finance specialists, and to communicate with each stakeholder area at their respective level. As well as strong Business Analysis skills, a working familiarity with the full product rules value chain will be required.
Requirements
Experience and Qualifications
Related Degree
3+ years’ experience working in a Business Analysis or Product Team in Long Term Life Insurance or Reinsurance
In depth knowledge of Life Insurance products and processes, including product rules, premium rates and charges, values calculations and investments structures
Business analysis or actuarial specialist experience preferred
Experience in SQL
Advanced Excel
Financial / Statistical mathematics
Duties & Responsibilities
Responsibilities and work outputs
Gather and interpret requirements from key stakeholders/customers in line with business analysis and existing product team frameworks.
Analyse product and business’ requirements and validate and translate these into clear and effective requirement specifications, for each impacted development area.
Ensure that requirements and business process specifications are documented and presented in line with both current best practice, and existing product team specification frameworks.
In collaboration with project and testing teams, oversee the quality delivery of requirements and business process specifications that meet the agreed deliverables in line with best practices and business process.
Ensure that requirements and business process specifications are reviewed, validated, tested and approved by relevant stakeholders at each stage in the development cycle, from conceptual to end product.
Participate in the conceptual solution design process to make recommendations to create and enhance solutions that are innovative, duplicable, and sustainable and solve complex business problems.
Collaborate closely with all stakeholders and solutions teams, in an ongoing process from end to end, to ensure delivery requirements and expectations remain current and adaptive to the changing environment.
Participate in User Acceptance testing and guide users to ensure that the designed solution ultimately meets business requirements.
Manage change requests and queries, collaborating with all stakeholders, and facilitate prioritization of changes to specifications and processes, and ensure that queries, changes are tracked and accurately resolved.
Use scenario testing and test cases to ensure that testing covers all aspects of the business specification and anticipated processes.
Keep abreast of relevant legislative, IT and business trends and practices to optimise service offering and minimise risk.
Make recommendations to improve client service and fair treatment of clients within area of responsibility.
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after sales service.
Contribute to creating a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
Be and encourage innovation, change agility and collaboration within the team.
Identify solutions to enhance cost effectiveness and increase operational efficiency.
Manage financial and other company resources under your control with due respect.
Competencies
Competencies
Business Acumen
Responsive to change, encourage and support innovation
Client Centric / Focused
Diversity and Inclusive
Strong listening skills
Openness
Result oriented
All the best with your applications
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