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  • Posted: Feb 24, 2021
    Deadline: Not specified
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    Metropolitan part of Momentum Metropolitan Life Limited, is an authorised financial service (FSP 44673) and credit provider (NCRCP). With a legacy of over 120 years, Metropolitan has been serving and empowering South African communities with accessible financial solutions through the best and challenging times. As one of the largest financial services co...
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    Product Actuary

    Develop and manage competitive Risk products that address specific client needs in order to enhance our client value proposition across segments. This extends to all aspects of client experience across the various sales channels that clients engage with while ensuring profitability of products.

    REQUIREMENTS

    • Degree in Actuarial Sciences, Statistical Analysis, Mathematics or related field
    • Qualified Actuary (FASSA/FIA/etc.)
    • Knowledge on Actuarial modelling, Product pricing and Statistical analysis techniques
    • At least 5 years’ work experience, preferably in a product development role
    • Proficient in MS Office Packages (MS Outlook, MS Word, MS Powerpoint, MS Excel)
    • Experience in the following will be advantagous:
    1. RiskAgility
    2. Prophet;
    3. SQL;
    4. VBA

    RESPONSIBILITIES AND WORK OUTPUTS

    • Analyse product related data from various sources to assess completeness and accuracy, identifying potential product experience irregularities, to ensure accuracy of client and product insights and analysis.
    • Analyse competitor products and pricing to provide insight for developing and maintaining competitive risk solutions.
    • Review experience investigations, modelling and data analysis, to develop new risk solutions and monitor experience on existing risk solutions.
    • Develop and maintain pricing models and basis. Prepare product health reports and present product profitability and insights derived from analyses, to support decision-making and inform appropriate actions through various options and scenarios.
    • Provide technical actuarial support to the Risk team and claims areas to support various initiatives.
    • Build and maintain collaborative working relationships with various internal and external stakeholders, such as solution peers, IT, distribution, legal, service, claims and valuations.
    • Make recommendations to improve client service and promote fair treatment of clients
    • Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
    • Conduct relevant research to inform pricing and design assumptions, projections and advice provided to the business, and to develop own expert opinion.
    • Identify solutions to enhance cost effectiveness and increase operational efficiency of risk solutions.
    • Provide input into the risk identification processes and communicate recommendations in the appropriate forum.
    • Contribute to continuous innovation in risk solution design and processes through the development, sharing and implementation of new ideas.
    • Ensure technical product and legislative knowledge are always current in order to propose the most relevant and innovative client solutions and comply with governance requirements.
    • Take ownership for driving career development.
    • Effectively manage time and ensure optimal productivity.
    • Be self-confident, self-motivated and relentlessly pursue targets and goals.

    COMPETENCIES REQUIRED

    • Passion to make a difference in the lives of people in the low to middle income markets
    • Extracting insights from data analysis
    • High degree of self-motivation and can work independent of supervision
    • Self-managing
    • Strong written and verbal communication skills;
    • Naturally inquisitive mind-set, with a strong innovative tendency
    • Ability to function in a multi-disciplinary team environment including Marketing, Product & Solutions, IT and Client Insights

    Method of Application

    Interested and qualified? Go to Metropolitan on www.linkedin.com to apply

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