Actuarial Product Specialist X2 (Graduate) – High-Paying Actuarial Job
Closing Date: 20 February 2025
Reference Number: MMH250113-1
Position Type: Permanent
Role Family: Actuarial
Cluster: Momentum Corporate
Remote Opportunity: Hybrid (Some Remote Work)
Location: Cape Town, Western Cape, South Africa
About Momentum Group
Momentum Group, through brands such as Metropolitan, Momentum, Multiply, and Guardrisk, provides financial solutions to individuals, communities, and businesses. We help clients grow their savings, protect their financial future, and invest wisely. Our structured actuarial solutions contribute to creating stable and guaranteed investment opportunities. Learn more at www.momentumgroupltd.co.za.
Role Purpose
Momentum Corporate’s Structured Solutions Team is looking for two highly analytical Actuarial Product Specialists (Graduate level) to assist in managing retail discretionary participation business. The role also involves supporting the development and management of corporate structured and guaranteed investments.
Minimum Requirements
- Degree in Actuarial Science (preferred but not essential)
- Passed at least six Core Principles actuarial subjects (A100 & A200)
- Advanced knowledge of SQL and VBA (advantageous)
- Strong understanding of discretionary participation business, structured investments, and guaranteed investments
Key Responsibilities
- Manage retail discretionary participation business by evaluating and projecting assets and liabilities.
- Identify and implement improvements in discretionary participation book management.
- Develop corporate structured and guaranteed investments, including conducting quantitative analysis and preparing detailed product specifications.
- Recommend bonus rates for discretionary participation business (interim, final, claim, reversionary, or terminal).
- Update bonus philosophy and create new bonus smoothing formulae where necessary.
- Develop and review financial models to assess financial impacts.
- Ensure compliance with segment Principles and Practices of Financial Management (PPFM).
- Review legal documentation (client contracts, counterparty agreements, etc.).
- Mitigate financial, legal, and operational risks by enhancing governance processes.
- Provide actuarial, compliance, and performance reporting for discretionary participation business.
- Engage with internal and external stakeholders to analyze, supply, and interpret actuarial data.
- Lead actuarial projects and resolve technical queries within deadlines.
Key Competencies & Skills
- Ability to work accurately under pressure
- High attention to detail with a focus on quality
- Strong analytical and problem-solving skills
- Excellent written and verbal communication skills
- Effective time management and ability to meet deadlines
- Works well independently and within a team
Why Join Momentum Group?
- Competitive salary with high-paying actuarial job opportunities
- Exposure to structured and guaranteed investments
- Work in a dynamic and innovative actuarial team
- Gain career development and professional growth in South Africa’s leading financial services provider
Employment Equity Commitment
Momentum Group is an Equal Opportunity Employer committed to Employment Equity. We actively encourage applications from individuals of all backgrounds, including candidates with disabilities.
Apply Now & Build Your Actuarial Career with Momentum Group!
