Team Leader: Product Modelling - Pretoria, South Africa - Momentum Life

Momentum Life

Verified Company

Pretoria, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

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.

Role Purpose

This role will be responsible for the building and implementation of product models for the purposes of modelling product values and fund build-ups, developing tools to facilitate excellent automated risk management, as well as managing the Product Modelling team, consisting of actuarial analysts and Java developers.

The role offers exposure to an extensive range of historical and current life insurance and savings products while developing actuarial judgement in balancing the needs of various stakeholders.

Requirements:

A graduate degree in Actuarial Science or related degree
Newly or nearly qualified Actuary
A minimum of 5 years' relevant work experience

Duties & Responsibilities

Manage a team of actuarial analysts and Java developers
Manage workflow and set priorities for the team
Review and ensure the accuracy of fellow team members' work
Provide guidance to team members
Draft and review the required product and calculation specifications

Improve tools and processes that monitor the accuracy of policy values

Specify, build and maintain models of the business
Collaborate with developers to ensure the accurate and efficient implementation of your models
Investigate, quantify and explain any deviations and advise on corrective measures
Provide information on reserve requirements for any corrective measures identified
Collaborate with multiple stakeholders regarding implementation of tools
Provide feedback to multiple stakeholders
Ensure that all projects to be implemented adhere to audit and risk management requirements

Competencies