Senior Pricing Analyst

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams.

Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose. Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders.

Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach.

Purpose

The purpose of this role is to assist with pricing and managing the risk 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.

Responsibilities and Work Outputs

1. Provide basic actuarial services to fulfill routine business requirements and to solve problems with a limited level of complexity and diversity.
2. Perform statistical analyses, model, monitor and analyze data and develop models or programs for model building and analyses; interpret results of models and analyses.
3. Perform more complex analyses as assigned; compile and categorize increasingly complex data and documents, and verify factors and assumptions used in computations.
4. Participate in the development of risk-based capital models as well as parameterization and allocation activities to support actuarial services.
5. Participate in the evaluation and review of new proposed processes and systems.
6. Demonstrate increasing knowledge of relevant actuarial disciplines and procedures and apply this knowledge to achieve business objectives.
7. Work with actuarial colleagues to continue to develop understanding of company operations, business objectives and actuarial methodologies.
8. Assist in training less experienced actuarial personnel.
9. Demonstrate consistent progress towards local actuarial qualification.
10. Produce innovative solutions to problems.
11. Effective communication (written and verbal).
12. Proficient in managing priorities.
13. Exceptional analytical and technical skills.

Experience and Qualifications

A Bachelor's degree in Actuarial Science, Statistics, Business Sciences or Business Mathematics. Minimum 3 years of actuarial modeling and pricing expertise within Short-term Insurance.

Location

The above-mentioned position is currently available at our office in Centurion. All positions will be filled in accordance with our Employment Equity plan. We also encourage people with disabilities to apply.

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

General Business, Analyst, and Accounting / Auditing

Industries

Insurance, Insurance Agencies and Brokerages, and Financial Services