Job Description

Closing Date 2024/05/27
Reference Number MMH240520-1
Referral Platform URL
Job Title Product Specialist
Position Type Permanent
Role Family Actuarial
Cluster Momentum Investments
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
IntroductionThrough 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. Visit us at www.momentummetropolitan.co.za
Role PurposePlay a leading role in managing the guaranteed annuity and structured product solutions
Requirements

• Actuarial degree with a minimum of 6 exemptions
• Technical excel and modelling skills are critical
• Attention to detail is a critical skill
• Minimum of 2 years' experience within the Investments Industry
• Experience with structured products or guaranteed annuities will be an advantage
• Experience with Power PI will be an advantage

Duties & Responsibilities

• Understand and manage the pricing models for guaranteed annuities and structured solutions.
• Monitor market trends and competitiveness of solutions
• Build and maintain pricing models to assess the impact of potential changes and enhancements on competitiveness and financial results.
• Support the head of product to prepare proposals for governance forums including the product management committee, Manco, Excos, etc as required.
• Monitor the business mix and actual versus assumed parameters in the pricing models.
• Apply judgement in pricing that balances all stakeholders when special quotes are requested
• Provide support as a subject matter expert to internal and external stakeholders
• Analyse data to provide insights on various aspects of the business, as required
• Support the product and implementation teams for any changes from a system and experience perspective.

Self-management and teamwork (People)

• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and promotes excellence
• 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 in order 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

• Examining Information
• Interpreting Data
• Developing Expertise
• Providing Insights
• Generating Ideas
• Exploring Possibilities
• Articulating Information
• Managing Tasks

PolicyWe are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan