ROLE PURPOSE
The Actuarial Analyst will be using their actuarial skills to assist the business to design and price health solutions for employer groups and retail members of Health Insurance entities in the African environment to maintain the components of the models used for future projections and estimating outstanding claims.
RESPONSIBILITIES AND WORK OUTPUTS
Develop and maintain health solutions, interventions and products for employer group and retail clients of Health Insurance entities in the African environment.
Assist in running the benefit design process in collaboration with all internal and external stake holders and keeping them up to date throughout the design process.
Ensure design initiatives for health solutions launch are costed with sufficient information provided for decision makers and ensure readiness for implementation post launch with accurate and complete product specifications.
Assist in maintaining processes to monitor current projections and experience against budgeted figures or other expectations and to pick up and rectify any discrepancies proactively.
Assist with regular maintenance on components of pricing and projection model such as seasonality and IBNR factors
Automation of reports and improving efficiency in the team by continual improvement of models and reports, using VBA, cubes and data visualisation tools.
Collaborate and build relationships with product development and segment teams across Momentum Metropolitan Limited.
Provide authoritative, expertise and advice to clients and stakeholders
Build and maintain relationships with clients and internal and external stakeholders
Deliver on agreements made with clients and internal and external stakeholders 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
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 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.
COMPETENCIES REQUIRED
Ability to work independently and remotely.
Strong technical aptitude.
Problem identification and problem solving.
Attention to detail.
An ability to cope with a changing environment and work with changing projects and responsibilities.
Excellent verbal and written communication skills.
Strong conceptual thinking.
An understanding of the medical schemes regulatory environment.
EXPERIENCE AND QUALIFICATIONS
Degree in Actuarial Science
Honours Degree in Actuarial Science (preferred)
Progress in actuarial exams, with the intention of qualifying as a Fellow.
Exposure to standard business packages – e.g. Excel
ADDITIONAL INFORMATION
Shortlisted candidates will be subjected to the following statutory checks:
- ITC
- Criminal
- References
- Qualification
Pyschometric assessments will be part of the selection criteria
Should you not be contacted within two weeks, please consider your application unsuccessful
We reserve the right not to fill the vacancy.
If you are interested in the position and meet the requirements, then kindly
load your updated CV onto PeopleSoft as required
Should you not be contacted within 2 weeks, please consider your application unsuccessful
Disclaimer
- Only on-line applications submitted via our careers page will be considered.
LOCATION
1 x Bellville, Cape Town
1 x Centurion, Gauteng
Please submit your application via our Careers page on www.momentummetropolitan.co.za
To apply, please follow the official system application process and get in touch with the PeopleSoft Helpdesk (021 940 5169) if you need further assistance.
Closing Date
24 February 2021
Contact Details
Luyanda Zulu
[email protected] (The purpose for this email address is solely for queries regarding the advertised position and no emailed CV’s will be accepted. Only online applications submitted via our Careers page will be considered.)
All positions will be filled in accordance with our Employment Equity plan.
We also encourage people with disabilities to apply.