Job: Actuarial Product Specialist Graduate

Company : Momentum; Cape Town; On-site; ZAR 89,000 - 167,000; Full time

Job summary

Momentum in Cape Town is seeking an Actuarial Product Specialist to join the Structured Solutions team. The role focuses on managing retail discretionary participation business and assisting in developing corporate structured and guaranteed investments.

The successful candidate will work with asset and liability oversight, model building, governance processes, and stakeholder engagement, while ensuring compliance with contractual requirements and risk controls.

Qualifications

• Actuarial topic familiarity or related education is preferred.
• Experience with discretionary participation products is advantageous.
• Ability to build and review financial models for impact analysis.

Responsibilities

• Manage retail discretionary participation business with asset and liability oversight.
• Identify improvements to book management and obtain governance approvals.
• Assist in developing corporate structured/guaranteed investments and conduct analyses.
• Review bonus rates, update smoothing formulas, and maintain models.
• Ensure compliance with statutory and contractual requirements and mitigate risks.
• Engage stakeholders and drive projects to completion within deadlines.

Skills

Discretionary participation

Financial modeling

Stakeholder engagement

Education

Actuarial Science degree preferred

Tools

SQL

VBA

Job description

The Actuarial Product Specialist will join the Structured Solutions team and be responsible for managing retail discretionary participation business. The candidate will also assist in the development and management of corporate structured and/or guaranteed investments.

Responsibilities

• Manage retail discretionary participation business, including asset and liability oversight
• Identify improvements to discretionary participation book management and obtain governance approvals
• Assist in developing corporate structured/guaranteed investments, conducting analysis, and engaging stakeholders
• Recommend and review bonus rates and update bonus smoothing formulas
• Build, update, and review financial models for impact assessment
• Ensure compliance with statutory and contractual requirements
• Mitigate financial, legal, and operational risks
• Review legal documents such as client contracts and counterparty agreements
• Conduct actuarial, compliance, and performance reporting
• Maintain strong relationships with internal and external stakeholders
• Drive projects to completion within deadlines

Qualifications

• Actuarial Science degree preferred but not required
• Passed at least six Core Principles (‘A100 & A200’) actuarial subjects
• Advanced knowledge of SQL and VBA is advantageous
• Strong knowledge of discretionary participation business and structured/guaranteed investments

Hiring organization

Momentum

Employment Type: internship

Job Location: Cape Town, Western Cape, South Africa