Actuarial Pricing Specialist

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 rewards programmes. Our purpose is to enhance the lifetime financial wellness of people, their communities and their businesses wherever they may be in the world. Our strategy is simple to build relationships with clients by integrating financial wellness solutions into each and every engagement we may have with them. We want to understand their needs, circumstances and preferences and design holistic lifetime solutions with a personalised suite of products and services that sees to the financial wellness of the individual. At work, we strive to have a culture that is grounded in accountability, diversity, excellence , innovation, integrity and teamwork. Since we are in the business of people, we do not consider Corporate Social Investment as a nice-to-have, but as an imperative to help alleviate some of the challenges we face as a society. We are proud to proclaim our workforce a collective of social givers; employees lend their time, might and money to various projects to uplift and grow the community. MomMet has gone from strength to strength boasting an impressive 16 000 employees, six operating brands; the Multiply rewards programme; specialist cell captive insurance group Guardrisk, healthcare group Carecross, Occupational Care South Africa, property management group Eris and mobile health provider Hello Doctor. Weve also made inroads into the global investment space in the UK through Momentum Global investments. And we are now one of the largest insurers listed on the Johannesburg Stock Exchange (JSE) Role Purpose To support the pricing and reinsurance functions within FundsAtWork and Group Insurance through actuarial modelling, experience analysis, pricing tool development and reinsurance calculations. The role will contribute to the pricing of new and existing products and the delivery of accurate actuarial insights to support business decision-making. Requirements Experience and Qualifications Actuarial student with a major in Actuarial Science and/or Statistics Passed/exempted from all A1 and A2 series examinations and the A3 level subject. Minimum of 3 years' relevant actuarial experience, preferably within life insurance or employee benefits. Experience in pricing, product development or reinsurance will be advantageous. Proficiency in R, VBA and SQL. Experience developing and maintaining actuarial models and pricing tools. Knowledge of life insurance, employee benefits, pricing methodologies and reinsurance principles. Duties & Responsibilities Internal Process Develop, maintain and enhance actuarial pricing models, methodologies and pricing tools used for quotations, rate reviews and product pricing. Perform actuarial analyses and calculations relating to mortality, morbidity, expenses, investment fees and other pricing assumptions. Analyse data and other sources of information to generate insights and support business decision-making. Assist with the development and application of statistical modelling techniques, including machine learning methodologies where appropriate. Conduct competitor and market analyses to support product and pricing strategy. Support the management of actuarial and product-related risks through appropriate modelling, monitoring and reporting. Compile and present actuarial reports, findings and recommendations to internal stakeholders. Provide technical actuarial support to pricing, rate review, finance and other business teams. Ensure compliance with relevant actuarial, legislative, regulatory and statutory requirements. Perform reinsurance premium calculations and related actuarial analyses. Support the review and management of facultative and automatic treaty reinsurance arrangements. Analyse and assess reinsurance recoveries and related reporting requirements. Provide actuarial input into reinsurance strategy, pricing and risk management activities. Build and maintain effective relationships with internal and external stakeholders. Deliver actuarial services and outputs in line with agreed service levels and business requirements. Provide actuarial expertise, advice and insights to support stakeholder decision-making. Contribute to initiatives aimed at improving client outcomes, operational efficiency and service delivery. Collaborate effectively with team members and contribute to a positive and high-performance team culture. Continuously develop actuarial, industry and regulatory knowledge. Contribute to innovation through the development and implementation of new ideas, models and processes. Manage deliverables effectively and produce high-quality outputs within required timeframes. Take ownership of personal development and actuarial exam progression. Competencies Analytical Thinking and Problem Solving Attention to Detail Stakeholder and Relationship Management Delivering Results Under Pressure Continuous Learning and Innovation Closing Date 2026/09/17