Job Description

Closing Date 2025/12/13
Reference Number MMH251016-8
Job Title Talent Pool: Senior Actuarial Analyst
Position Type Permanent
Cluster Actuarial
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 Metropolitan provides practical financial solutions for people, communities, and businesses.
Role Purpose
Utilise actuarial skills to assist the business to price medical scheme solutions for an open medical scheme and Use projection models to estimating outstanding claims and to ensure sustainability by monitoring experience, while regularly maintaining the components of the models used for future projections.
Requirements

• Degree in Actuarial Science
• Honours Degree in Actuarial Science (preferred)
• Good progress in actuarial exams (Close to completed A level exam)
• Completed or attempted A311 and F100 or F200 level exams (preferred)
• 5 years' relevant experience
• Relevant pricing experience
• Healthcare pricing and / or benefit design (would be beneficial)
• Proficiency in standard business packages - e.g., Excel
• Proficiency in SQL and VBA (preferred)

Duties & Responsibilities

• Annual pricing of the medical scheme solution for a large open medical scheme client, including competitive pricing against competitors.
• Maintaining processes to estimate outstanding claims (IBNR) and monitor current projected experience against budgeted figures and proactively identify and alert business to potential discrepancies.
• Assist with regular maintenance on components of projection models such as seasonality and IBNR factors.
• Continually improving efficiency in the regularly monthly, updated budget and pricing process by continual improvement of models.
• Assist junior analyst tasked with reporting with automation and streamlining of regular reporting process reports
• Assist with design, development and monitoring of open medical scheme and associated health solutions.
• Assist with ensuring design initiatives for health solutions launch are adequately specified and costed with sufficient information provided on workings for decision makers
• Work closely and assure alignment with senior actuarial analyst responsible for design

Competencies
Leads Change and Innovation
Business Acumen
Impact & Influence
Diversity and Inclusiveness
Collaboration
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