Junior Actuarial Pricing Specialist MMH260911-13

Momentum; Cape Town; On-site; ZAR 420,000 - 640,000; Full time

Job summary

Momentum in Cape Town is seeking an actuarial student to support pricing and reinsurance within FundsAtWork and Group Insurance. You will model pricing, analyse experience, and help develop pricing tools to deliver accurate actuarial insights for business decisions.

The role involves applying statistical methods, learning machine learning techniques where appropriate, and collaborating with teams to manage pricing risks and deliver high-quality outputs on time.

Qualifications

• Actuarial student with a major in Actuarial Science and/or Statistics.
• Passed/exempted from all A1 and A2 level examinations.
• Proficiency in R, VBA and/or SQL would be advantageous.
• Experience developing and maintaining actuarial models would be advantageous.

Responsibilities

• Develop, maintain and enhance actuarial pricing models, methodologies and pricing tools used for quotations, rate reviews and product pricing.
• Perform actuarial analyses and calculations relating to mortality, morbidity, expenses, investment fees and other pricing assumptions.
• Assist with the development and application of statistical modelling techniques, including machine learning methodologies where appropriate.
• Support the management of actuarial and product-related risks through appropriate modelling, monitoring and reporting.
• Provide technical actuarial support to quotes, rate review, finance and other business teams.
• Perform reinsurance premium calculations and related actuarial analyses.
• Analyse and assess reinsurance recoveries and related reporting requirements.
• Collaborate effectively with team members and contribute to a positive and high-performance team culture.
• Continuously develop actuarial, industry and regulatory knowledge.
• Manage deliverables effectively and produce high-quality outputs within required timeframes.

Skills

R

VBA

SQL

Actuarial modelling

Education

Actuarial student majoring in Actuarial Science/Statistics

Job description

Role Purpose

To support the pricing and reinsurance functions within FundsAtWork and Group Insurance through actuarial modelling, experience analysis, pricing tool development and reinsurance calculations. The role will contribute to the pricing of new and existing products and the delivery of accurate actuarial insights to support business decision-making.

Requirements

Experience and Qualifications

• Actuarial student with a major in Actuarial Science and/or Statistics
• Passed/exempted from all A1 and A2 level examinations.
• Proficiency in R, VBA and/or SQL would be advantageous
• Experience developing and maintaining actuarial models would be advantageous.

Duties and Responsibilities

Responsibilities And Work Outputs

• Develop, maintain and enhance actuarial pricing models, methodologies and pricing tools used for quotations, rate reviews and product pricing.
• Perform actuarial analyses and calculations relating to mortality, morbidity, expenses, investment fees and other pricing assumptions.
• Assist with the development and application of statistical modelling techniques, including machine learning methodologies where appropriate.
• Support the management of actuarial and product-related risks through appropriate modelling, monitoring and reporting.
• Provide technical actuarial support to quotes, rate review, finance and other business teams.
• Perform reinsurance premium calculations and related actuarial analyses.
• Analyse and assess reinsurance recoveries and related reporting requirements.
• Collaborate effectively with team members and contribute to a positive and high-performance team culture.
• Continuously develop actuarial, industry and regulatory knowledge.
• Manage deliverables effectively and produce high-quality outputs within required timeframes.