Actuarial Senior Analyst MMH250507-5

Momentum Group Limited


Date: 3 weeks ago
City: Cape Town, Western Cape
Contract type: Full time
Role Purpose

A role has become available for a nearly qualified actuary / senior actuarial student within our Corporate Actuarial team that focuses on the Momentum Corporate Group Risk Product Range, which includes Group Life, Group Funeral, Permanent Health Insurance (PHI), Lump Sum Disability and Credit Life. You will be responsible for performing quarterly valuations and analyse, evaluate and report on financial results of group risk products. You will also be involved in periodic experience investigations, data and claims analysis, sensitivity testing and forecasting.

Requirements

  • Bachelors degree in Actuarial Science or equivalent required
  • At least 7 A series exams completed and making good progress with later exams
  • 3 - 5 years relevant experience in an actuarial valuations and/or reporting role
  • Advanced Microsoft Excel capabilities required
  • Good working knowledge of SQL and/or other databases/ programming languages are preferable

Duties and Responsibilities

  • Assist with the delivery of quarterly valuation results, including the preparation and analysis of data
  • Complete and analyse liability calculations and embedded value calculations to ensure that parameters used are accurate and results are reasonable
  • Analyse profits to assist management to manage the book of business appropriately
  • Resolve valuation issues with support from business as required
  • Assist with periodic experience investigations, data and claims analysis and sensitivity testing
  • Assume a product owner role for products allocated to ensure results are reasonable from a “statutory actuary” perspective
  • Assist to identify and implement process improvement in the valuation team
  • Ensure compliance with Group practices and timelines

As an applicant, please verify the legitimacy of this job advert on our company career page.-289469233

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