Actuarial Analyst Vacancy at Momentum

To be involved in all aspects of actuarial management of a short-term insurer with a focus on pricing and product development, including business intelligence, underwriting and other ad-hoc commercial involvements. This is a broad, technical role with opportunities to develop in a range of directions.

Responsibilities and work outputs

• Collect data from various sources and assess the completeness and accuracy of the data.
• Perform data analysis and advise on appropriate actions to be taken.
• Perform detailed statistical investigations using specialised software.
• Assist in the implementation of various products on the chosen LOB system across all regions.
• Devise methods and strategies to implement and monitor underwriting controls across various regions.
• Devise and monitor the success of rate making and renewal strategies.
• Assist with the cross-population of skills and ways of work that could find purpose in wider application.
• Build and maintain good working relationships with management across various regions.
• Ensure adherence to escalation procedures and mandates on system
• Design and develop products and processes that would suit the opportunities identified.
• Develop and manage a spectrum of partners that MMI could leverage off in designing the solutions to various identified opportunities.

Competencies required

• Analytical
• Planning & Organising
• Problem Solving
• Producing Innovative solutions to problems
• Action Orientation
• Persuasiveness
• Effective Communication (written and verbal)
• Flexibility
• Resilience
• Personal Motivation
• Accountability
• Good interpersonal skills
• Financial Acumen

Experience and Qualifications

• Bachelor’s degree in Actuarial Sciences, Science, Finance Commerce or Business Sciences.
• Some progress on the qualification as a fellow of the Actuarial Society of South Africa (or equivalent body).
• Short-term or General Insurance experience will be beneficial.
• Basic programming skills would be advantageous.

Additional Requirements:

• Enthusiastic and passionate about the job and the company
• Energetic and a quick worker
• Strong sense of Integrity and honesty
• Ability to respect confidentiality
• Deadline and results oriented
• Organised, self-disciplined and self-motivated