New Job Openings 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

go to method of application »

Requirements

• Minimum matric with exemption including Mathematics (Pure) and Accounting/Physical Science.
• Bachelor's degree in Commerce, Mathematics or Statistics is preferable.
• 2-5 years' work experience in the Insurance, Employee Benefits or other Financial Services industry is preferable,but not a pre-requisite.
• Work experience in Group Risk pricing is preferable, but not a pre-requisite.
• Good MS Word and MS Excel skills.
• MS Access, SQL or Visual Basic experience will be an advantage.

Duties & Responsibilities

INTERNAL PROCESS

• Screening and analysing new and existing business pricing requests.
• Gathering, assessing and analysing all relevant information needed to produce a new business tender or rate renewal.
• Review existing business premium rates, terms and conditions
• Compiling, analysing and monitoring claims experience for new and existing business.
• Assessing and calculating the risk rate and underwriting requirements for the products requested, utilising the current pricing tools.
• Determining suitable terms and conditions in order to effectively manage risk.
• Extracting data from existing systems, as well as validation and manipulation of the data.
• Accurate recording of data for business intelligence and reporting.
• Consider wider topics of risk management such as occupational and industry risks.
• Internal and external client liaison/collaboration with regards to rates, products and other risk issues.
• Build and improve current models and internal processes.
• Assisting with ad hoc projects and calculations, e.g. Disability buy-outs, profit sharing calculations and reinsurance comparisons.
• Assist with risk calculations and provide technical support to the FundsAtWork Pricing department.
• Ensure that all authorisation protocols, tools and systems are adhered to and are used correctly and effectively

CLIENT

• Build a strong relationship with the sales channel so that existing business is retained at profitable rates while new business is secured with appropriate margins.
• Build and maintain relationships with relevant organisation's to ensure in-depth knowledge of all related acts,regulations and regulatory frameworks.
• Compile, monitor and deliver on service level agreements with internal and external stakeholders to meet or exceed client expectations.
• Ensure satisfactory resolution of all queries and problems.
• Participate in the design and application of a stakeholder feedback capability in respect of service delivery.
• Track and address Product Pricing related complaints andidentify trends and major issues to be addressed.

PEOPLE

• Enhance the image of MMH through professional client liaison:
• Internally and externally with other Departments/ Brokers/Employers/ Members/Reinsurers.
• Work together with consultants to support client retention and new business acquisition via excellent customer service and maintaining excellent client and broker relationships.
• Provide technical pricing guidance and support to the Sales Channel and other departments.

FINANCE

• Ensure rates and underwriting requirements provided mitigate financial risks.
• Increase profits and ensure rates provided are sustainable.
• Contribute towards reducing departmental operating costs.

Competencies

• Analytical thinking (including problem identification and problem analysis).
• Attention to detail.
• Be able to work well independently and also within ateam.
• Excellent people skills.
• Self-management and accountability.
• Live and uphold the MMH values.
• Quality and service oriented.
• Excellent communication and presentation skills (written and oral).
• Good judgment, effective decision making and problem-solving.
• Data management skills.
• Time management, flexibilityand adaptability.
• Planning and organizing.

go to method of application »

Requirements

Qualifications:

• BCom Accounting or Financial Management or related degree
• Registered chartered accountant with South African Institute of Chartered Accountants or similar.

Experience:

• 5-8 years’ experience in accounting or related role  (essential)
• 10 years financial Services
• Knowledge of applicable legislation landscape
• Knowledge of IFRS

Duties & Responsibilities

Internal Processes:

• Financial Reporting and Analysis: Consolidate financial reports and analyses, providing insights and identifying variances against budgets to highlight opportunities or risks.
• Invoicing: Manage and execute the invoicing process, ensuring accurate, timely billing.
• Documentation and Approvals: Ensure proper authorization and accuracy of all documentation and general ledger journal allocations, maintaining timely balance sheet reconciliation.
• Reconciliation and Compliance: Manage and reconcile bank statements with the General Ledger, ensuring compliance with standards, resolving discrepancies with Payroll and Group Tax.
• Expense Management: Control reimbursements within budget and policy parameters, investigate variances, and assist in expense forecasting to enhance efficiency.
• System and Process Enhancement: Improve financial management systems and processes, maintain the fixed assets register, and ensure data integrity through ETL processes.
• Risk Management: Identify, resolve, and escalate financial issues and risks to relevant stakeholders.

Client Advisor

• Resolve client queries promptly and provide expert advice to clients and stakeholders.
• Build and maintain relationships with internal and external stakeholders.
• Deliver on service level agreements and make recommendations to improve client service.

People: Team Collaboration and Personal Development:

• Foster collaborative relationships with peers and stakeholders.
• Actively participate in change initiatives.
• Continuously develop professional, industry, and legislative knowledge.
• Contribute to innovation by sharing and implementing new ideas.
• Take ownership of career development.

Business Efficiencies and Effectiveness:

• Identify and implement opportunities to enhance effectiveness and increase operational efficiency.
• Manage company resources with due respect.
• Provide input into the risk identification processes and communicate recommendations.