Senior Actuary: Team Leader - Bellville at Momentum Metropolitan Holdings Limited

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
• 3 - 5 years’ experience in a product owner/manager role
• Experience in the following will be advantageous:
• RiskAgility/Prophet;
• Software Development Life Cycle (SDLC);
• VBA
• SQL

Duties & Responsibilities

INTERNAL PROCESS

• Analyse product and client related data from various sources to identify potential product experience irregularities, ensuring accuracy of insights and analysis.
• Analyse competitor products and international trends to provide insight for developing and maintaining competitive end-to-end solutions.
• Review experience investigations, modelling and data analysis, to design and price solutions and monitor experience on existing products.
• Prepare product health reports and present product profitability and insights derived from analyses, to support decision-making and inform appropriate actions.
• Make recommendations and drive implementation to improve product performance, client service and promote fair treatment of clients.
• Develop and maintain pricing models and bases, reviewing results and ensuring that parameters used are accurate and validated.
• Identify solutions to enhance cost effectiveness and increase operational efficiency of solutions.
• Ensure compliance with practices and timelines by developing metrics to monitor delivery against set objectives.

CLIENT

• Provide expertise and advice on technical/actuarial product matters to clients and stakeholders.
• Build and maintain collaborative working relationships with various internal and external stakeholders, such as solution peers, IT, sales/distribution, legal, servicing and valuations.
• Contribute to the process of negotiating objective and realistic performance targets, monitor appropriateness and recommend adjustments.
• Deliver on service level agreements made with stakeholders to ensure that client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.
• Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

PEOPLE

• Participate and contribute to a culture which builds collaborative relationships, encourage innovation, facilitates feedback and provides exceptional client service.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
• Select and recruit suitably qualified talent in line with Employment Equity principles and MMI values.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
• Identify employee growth and development needs and enable their ongoing development, training and personal growth.
• Effectively manage performance within the team in order to ensure business objectives are achieved.
• 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

• Passion to make a difference in the lives of people in the low to middle income markets
• Extracting insights from data analyses
• 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