Senior Product Specialist: Income Solutions - Centurion at Momentum Metropolitan Holdings Limited

Requirements

• Associate or newly qualified actuary
• Minimum 4 years of experience in financial services
• Experience with guaranteed annuity types of products
• Understanding of pricing and valuations of life insurance or annuity products
• Experience with Risk Agility and Power PI will be an advantage
• Attention to detail is a critical skill
• Technical excel and modelling skills are critical

Duties & Responsibilities

Responsibilities and work outputs

• Understand and manage the pricing models for guaranteed annuities and structured solutions.
• Collaborate with the valuations teams to understand and unpack the reserves and value of business for these products.
• Collaborate with the asset manager teams to understand the impact of changing circumstances on pricing models.
• Provide deep insight into all assumptions and models affecting the products.
• Monitor the business mix and actual versus assumed parameters in the pricing models.
• Provide feedback to management on all issues related to these products when relevant.
• Apply judgement in pricing that balances all stakeholders when special quotes are requested.
• Provide support as a subject matter expert to internal and external stakeholders.
• Support the implementation teams for any changes from a system and experience perspective.
• Keep abreast of market and regulatory changes and opportunities afforded by these changes.
• Keep updated on the state of competitor products and pricing models.
• Monitor the experience of existing solutions as an early indicator of success / warning of changes required.
• Ensure the integrity of the data and propose solutions where processes should be updated.
• Provide input into analysis and business insights.
• Present solutions and proposals to governance forums including the product managementcommittee, Manco, Excos, etc as required.
• Make recommendations for improvement within area of responsibility.

Self-management and teamwork (People)

• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback andpromotes excellence.
• Develop and maintain productive and collaborative working relationships with peers, clients andstakeholders.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry and legislation knowledge.
• Contribute to continuous innovation through the development, sharing and implementation of newideas.
• Take ownership for driving career development.
• Effectively manage time and ensure optimal productivity.
• Ensure technical product and legislative knowledge is always current in order to propose the mostrelevant and innovative client solutions and comply with governance requirements.
• Be self-confident, self-motivated and relentlessly pursue targets and goals.