Senior Actuarial Specialist [Protection Solutions] - Cape Town Details
Closing Date 2024/05/22
Reference Number MMH220530-2
Job Title Senior Actuarial Specialist [Protection Solutions] - Cape Town
Position Type Permanent
Role Family Actuarial
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Western Cape
Location - Town / City Cape Town
Introduction Metropolitan is one of the oldest financial services brands in South Africa. With a 126-year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa's people through affordable financial solutions that create financial growth and security.
Metropolitan operates in South Africa, but the brand is also present in 12 African countries including, Namibia, Botswana, Kenya, Ghana, Nigeria, Lesotho, and Swaziland. Metropolitan provides financial wellness solutions that meet the needs of low-income clients, including funeral insurance, health, savings, hospital cash-back cover, retirement solutions and life insurance.
Visit us at: www.metropolitan.co.za
Utilise Actuarial skills to assist the business to develop and maintain protection solutions that meet the needs of Metropolitan clients.
Requirements Degree in Actuarial ScienceHonours Degree in Actuarial Science (preferred)Completed all Foundation and Intermediate Technical exams - ASSA A100 and A200 series exams (previously known as CT'S)Completed Core Principles exam – ASSA A311 (previously known as CA1)Minimum 4 years actuarial experienceExposure to Financial Services industryExperience with Actuarial software (preferred)Long-term insurance product pricing and modelling experience (preferred) Duties & Responsibilities Develop and maintain protection solutions (funeral, life, disability, critical illness, healthcare, etc.) for individual clients as well as groups.Conduct business viability studies and solution designs.Analyse and research opportunities in the market in order to develop new products or streamline existing product offerings.Collaborate and build relationships.Conduct behavioural and predictive modelling in support of client engagement and retention strategies.Perform financial modelling and assess the financial impact of solutions.Maintain financial model, including projection of income and expenses, of business across all segments.Set key assumptions and measure the appropriateness of these assumptions over time.Ensure the viability of solutions by pricing new solutions and reviewing rates of existing solutions.Interact and collaborate with technical and business stakeholders to identify data sources.Gather data and information from various sources, analyse results and interpret patterns and trends.Once data has been gathered and interpreted, report back what has been found in an easily accessible and accurate manner, which supports consistent and informed operational, tactical and strategic business decisions.Be pro-active in identifying opportunities as well as making analytical observations on any aspect that would be beneficial to business. Passion to make a difference in the lives of people in the low to middle income marketsExtracting insights from data analysisCan work accurately and with attention to detailBe versatile and open to learning opportunitiesBe willing to share learnings and experience with peersStrong written and verbal communication skillsNaturally inquisitive mind-set, with a strong innovative tendencyTeam player and ability to work with a diverse group of peopleBusiness acumenCan take accountability and see projects through#J-18808-Ljbffr
