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  • Posted: Jul 4, 2022
    Deadline: Not specified
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    Momentum Metropolitan Holdings, formerly MMI Holdings, is a South African-based financial services group was established on 1 Dec 2010, through the merger of Metropolitan and Momentum. We are specialists in long and short-term insurance, asset management, savings, investments, healthcare administration, health risk management, employee benefits and reward...
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    Senior Actuarial Analyst

    Role Purpose    
    The purpose of this role is to support the management, monitoring and reporting of the group's life insurance and business risk profiles, and to support the development of the wider group risk management framework and policies. In addition, you will be expected to support the calculation and reporting of the group’s risk appetite results.

    You will be joining a demanding and diverse team that will ensure that you remain engaged and challenged. As a member of the Group Risk Function based in Cape Town, the role offers a unique opportunity to gain significant exposure and experience of a large composite insurance group at group level. It offers the opportunity to gain insight into the management of risks at a group level and contribute to the development of the risk management framework and practices, while interacting with stakeholders across multiple business units. You will be expected to apply your keen interest to gain new knowledge and skills to enhance processes and reporting, and to develop a detailed knowledge of the group and its business units. This will ensure that your career is well positioned to benefit from a range of roles and opportunities in the diverse Momentum Metropolitan Group.

    Requirements    

    • Senior actuarial student making strong progress with the exams, or newly qualified actuary.
    • At least 3-5 years' relevant work experience in a life company or life assurance consultancy.
    • Previous life valuation reporting, IFRS17, and/or product development and pricing experience would be an advantage.

    Duties & Responsibilities    

    • Work closely with the business to produce ongoing monitoring of life insurance risks and reinsurance exposures.
    • Support the further development of key risk indicators, risk tolerances and risk limits for life insurance and business risk.
    • Produce regular risk appetite (IFRS Earnings at Risk) results for life insurance and business risk, and consolidate, analyse and report the aggregate risk appetite results of the group.
    • Support the quarterly analysis and reporting for management and Board Committees on the group’s life insurance and business risk profiles.
    • Support the development and specification of the group's risk appetite, risk policies and risk strategy for life insurance and business risk, as well as the wider group risk management framework.
    • Support the development of the group’s internal view of the risk profile as part of the ORSA process.
    • Contribute to the production of the group annual ORSA report by preparing sections on the risk appetite results, embedding of the ORSA and internal view of the risk profile.

    Competencies    

    • Good technical knowledge of life assurance valuations, reinsurance structures and IFRS earnings
    • Strong communication, presentation and report writing skills
    • Be able to build strong relationships with colleagues from across the business, and maintain awareness of the regulatory and commercial environment
    • Coding (SQL and/or R) and/or PowerBI experience would be an advantage
    • An attention to detail and a dedication to technical excellence
    • Able to manage stress and competing demands and deadlines
    • Strong desire to add value and drive development
    • Self-starter - can work independently

    Closing Date: 8th, July 2022

    Method of Application

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