Actuarial Specialist: Financial Modelling at Momentum Metropolitan Holdings Limited

Role Purpose    

• An opportunity exists within the actuarial valuations team that focuses on individual life products for the Metropolitan Life segment. The successful candidate will form part of the team tasked with producing the various deliverables required from the Group Actuarial area, including liability valuations, Embedded Value calculations, analysis of surplus, cash flow projections and sensitivities for both IFRS and SAM reporting. The role will have a key focus on the development and refinement of projection models and the processes required for quarterly valuations.
• The Corporate Actuarial team comprises of a good blend of experience and youth, with a focus on development and knowledge share. The team culture is one of collaboration, focus, excellence, flexibility, innovation, and open communication. Using technology, we continuously strive to improve processes to enhance insights and understanding through the application of actuarial skills.

Requirements    

• Nearly or newly qualified actuary.
• Minimum of 3 years actuarial experience required.
• Previous modelling experience in either Prophet or Risk Agility will be an advantage.
• Previous experience in the Corporate Actuarial valuations environment will be an advantage.
• Intermediate SQL knowledge will be an advantage, although not essential.

Duties & Responsibilities    

• Develop and maintain the actuarial models used in the production of the Metropolitan Life financial results – including but not limited to:
• Reserving calculations on statutory and reporting bases
• Embedded Value calculations for in-force and new business
• Analysis of Surplus and change in Embedded Values
• Solvency Capital Requirements (SAM/CAR)
• Asset-liability modelling
• Ongoing review, validation and optimisation of the modelling and valuation processes
• Keeping actuarial models up to date with legislative and/or regulatory requirements and changes (both locally per country and internationally), for example IFRS17 and SAM.
• Providing ad-hoc support to the valuation production teams
• Providing ad-hoc modelling support to the product and pricing teams in respect of new products

Competencies    

• Adhering to the values of Momentum Metropolitan
• Drive for results and initiative
• Strive for excellence
• Attention to detail
• Business acumen
• Self-awareness and insight
• Ability to work under pressure and deal with challenges
• Collaborative
• Good people skills
• Adapting and responding to change