Job Description

Closing Date 2025/10/14
Reference Number MMH251009-15
Job Title Intern: Group Insurance Pricing
Position Type Temporary
Role Family Actuarial
Cluster Momentum Corporate
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 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
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 retirement and risk benefits 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

• Minimum matric with exemption including Mathematics (Pure) and Accounting/Physical Science
• Bachelor's degree in Commerce, Mathematics or Statistics is preferable.
• Good MS Word and MS Excel skills.

Duties & Responsibilities
INTERNAL PROCESS

• Screening and analysing new and existing business pricing requests.
• Gathering, assessing and analysing all relevant information needed to:
• Provide a new business tender
• Review existing business premium rates, terms and conditions
• Assessing and calculating the retirement related fees, risk rate and underwriting requirements for the products requested, utilising the current pricing tools.
• Determining suitable terms and conditions in order to effectively manage risk.
• Preparing quality quotation/rate review documents to be issued to clients.
• Extracting data from existing systems, as well as validation and manipulation of the data.
• Accurate recording of data for business intelligence and reporting.
• Consider wider topics of risk management such as occupational and industry risks.
• Internal and external client liaison/collaboration with regards to rates, products and other risk issues.
• Build and improve current models and internal processes.
• Collaborate with the Group Insurance Pricing department for technical support

CLIENT

• Build a strong relationship with the sales channel so that existing business is retained at profitable rates while new business is secured with appropriate margins.
• Build and maintain relationships with relevant organisation's departments to ensure in-depth knowledge of all related acts, regulations and regulatory frameworks.
• Compile, monitor and deliver on service level agreements with internal and external stakeholders to meet or exceed client expectations.
• Ensure satisfactory resolution of all queries and problems.
• Participate in the design and application of a stakeholder feedback capability in respect of service delivery.
• Track and address Product Pricing related complaints and identify trends and major issues to be addressed.

PEOPLE

• Enhance the image of MMH through professional client liaison:
• Internally and externally with other Departments/ Brokers/ Employers/ Members/ Reinsurers
• Work together with consultants to support client retention and new business acquisition via excellent customer service and maintaining excellent client and broker relationships.
• Provide technical pricing guidance and support to the Sales Channel and other departments.

FINANCE

• Ensure rates and underwriting requirements provided mitigate financial risks.
• Increase profits and ensure rates provided are sustainable.
• Contribute towards reducing departmental operating costs

Competencies

• Analytical thinking (including problem identification and problem analysis).
• Attention to detail.
• Be able to work well independently and also within a team.
• Excellent people skills.
• Self-management and accountability.
• Act with integrity.
• Quality and service oriented.
• Excellent communication and presentation skills (written and oral).
• Good judgment, effective decision making and problem-solving.
• Data management skills.
• Time management, flexibility and adaptability.
• Planning and organizing.

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.

Skills Required