Job Description

Closing Date 2024/02/21
Reference Number MMH220530-2
Job Title Actuarial Specialist - Cape Town
Position Type Permanent
Role Family Actuarial
Cluster Metropolitan Life
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Western Cape
Location - Town / City Cape Town
Introduction

Metropolitan is one of the oldest financial services brands in South Africa. With a 126-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security.

Metropolitan operates in South Africa, but the brand is also present in 12 African countries including, Namibia, Botswana, Kenya, Ghana, Nigeria, Lesotho, and Swaziland. Metropolitan provides financial wellness solutions that meet the needs of low-income clients, including funeral insurance, health, savings, hospital cash-back cover, retirement solutions and life insurance.

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Role Purpose

Utilise Actuarial skills to assist the business to develop and maintain protection solutions that meet the needs of Metropolitan clients.
Requirements

• Degree in Actuarial Science

• Honours Degree in Actuarial Science (preferred)

• Completed all Foundation and Intermediate Technical exams - ASSA A100 and A200 series exams (previously known as CTxe2x80x99S)

• Completed Core Principles exam xe2x80x93 ASSA A311 (previously known as CA1)

• Minimum 4 years actuarial experience

• Exposure to Financial Services industry

• Experience with Actuarial software (preferred)

• Long-term insurance product pricing and modelling experience (preferred)

Duties & Responsibilities

• Develop and maintain protection solutions (funeral, life, disability, critical illness, healthcare, etc.) for individual clients as well as groups.

• Conduct business viability studies and solution designs.

• Analyse and research opportunities in the market in order to develop new products or streamline existing product offerings.

• Collaborate and build relationships.

• Conduct behavioural and predictive modelling in support of client engagement and retention strategies.

• Perform financial modelling and assess the financial impact of solutions.

• Maintain financial model, including projection of income and expenses, of business across all segments.

• Set key assumptions and measure the appropriateness of these assumptions over time.

• Ensure the viability of solutions by pricing new solutions and reviewing rates of existing solutions.

• Interact and collaborate with technical and business stakeholders to identify data sources.

• Gather data and information from various sources, analyse results and interpret patterns and trends.

• Once data has been gathered and interpreted, report back what has been found in an easily accessible and accurate manner, which supports consistent and informed operational, tactical and strategic business decisions.

• Be pro-active in identifying opportunities as well as making analytical observations on any aspect that would be beneficial to business.

Competencies

• Passion to make a difference in the lives of people in the low to middle income markets

• Extracting insights from data analysis

• Can work accurately and with attention to detail

• Be versatile and open to learning opportunities

• Be willing to share learnings and experience with peers

• Strong written and verbal communication skills

• Naturally inquisitive mind-set, with a strong innovative tendency

• Team player and ability to work with a diverse group of people

• Business acumen

• Can take accountability and see projects through

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan