Actuarial Specialist at Metropolitan Life 2020

Metropolitan is one of the oldest financial services brands in South Africa. With a 116 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 in9 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.

Role Purpose

Utilise Actuarial skills to assist the business to develop and maintain funeral solutions that meet the needs of Metropolitan clients.

Requirements

• Degree in Actuarial Science (Qualified or nearly qualified actuary )
• 3 years’ product development experience
• Exposure to Financial Services industry
• Experience with Actuarial software

Responsibilities and work outputs

• Develop and maintain new funeral solutions, interventions and products
• Conduct business viability studies and solution designs.
• Analyze 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 of these assumptions over time
• Ensuring viability of solutions by pricing new solutions and reviewing rates of existing solutions

Competencies required

• Client/ Stakeholder Commitment
• Drive for Results
• Collaboration
• Impact and Influence
• Self-Awareness and Insight
• Business Acumen

Desired Skills

About The Employer

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and 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 organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses