Actuary Intern

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Momentum Life

Centurion

ZAR 300 000 - 400 000

Be among the first applicants.

Today

Job description

Introduction

Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.
We help people grow their savings, protect what matters to them and invest for the future. We help companies and organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses. Visit us at www.momentummetropolitan.co.za

Role Purpose

Analyse data by using statistical models in order to support the actuarial team in probability and cost calculations that impact the financial viability of products and pricing models.

Requirements

Degree in Actuarial Sciences, Statistical Analysis, Mathematics or related field
Actuarial modelling
Statistical analysis techniques
1-2 years’ experience in actuarial analysis

Duties & Responsibilities

INTERNAL PROCESS

Analyse data from various sources to assess completeness and accuracy, identifying potential errors and irregularities, to ensure accuracy of insights and analysis.
Source and analyse competitor products and pricing models to provide insight into product and pricing models.
Perform statistical investigations, modelling and data analysis using specialised software, to support the actuarial team.
Assess data and build statistical models to make predictions, conduct cost-benefit analyses or develop risk projections based on a variety of factors.
Calculate insurance reserves for relevant products, to determine financial viability of solutions.
Prepare reports and present insights derived from analyses, to support decision-making and inform appropriate actions through various options and scenarios.
Provide technical actuarial support to the actuarial team and internal stakeholders to support various initiatives.

CLIENT

Provide authoritative, expertise and advice to clients and stakeholders.
Build and maintain relationships with clients and internal and external stakeholders.
Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.
Make recommendations to improve client service and fair treatment of clients within area of responsibility.
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
Conduct relevant research to inform assumptions, projections and advise provided to the business, and to develop own expert opinion.

PEOPLE

Develop and maintain productive and collaborative working relationships with peers, clients and stakeholders.
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 new ideas.
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 most relevant and innovative client solutions and comply with governance requirements.
Be self-confident, self-motivated and relentlessly pursue targets and goals.

FINANCE

Identify solutions to enhance cost effectiveness and increase operational efficiency.
Manage financial and other company resources under your control with due respect.
Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

Competencies

Examining Information
Interpreting Data
Providing Insights
Exploring Possibilities
Articulating Information
Meeting Timescales
Checking Things
Producing Output