Johannesburg: Marketing Actuary (Insurance)

About the Role

We are seeking an experienced Marketing Actuary to join our team in Johannesburg, South Africa. The successful candidate will be responsible for marketing our business to prospective new clients and contributing to the development of strategic initiatives that drive growth and revenue. This is a unique opportunity to leverage your expertise in actuarial science and marketing to drive success in the life insurance industry.

Key Responsibilities

• Marketing of the business to prospective new clients
• Taking responsibility for deal structuring
• Advising clients on operating models in an outsourced insurance value chain
• Advising clients and internal stakeholders on Life insurance technical considerations associated with proposed transactions
• Preparing business cases for consideration at the business new business and product management committees
• Contributing to the development and implementation of the business’ strategic initiatives, including but not limited to new business initiatives and corporate transactions
• Consulting with prospective clients on their business goals to position insurance as a commercial opportunity that can assist the target company to grow its revenue
• Contribute to the business’ new business initiatives, including:
• Strategic market positioning
• Refinement of the value proposition business offers to the market
• Analysing the South African life insurance market to identify opportunities
• Taking responsibility for new business proposals and pitching to clients
• Development of business cases for corporate action and actively participating in such transactions
• Building relationships with industry stakeholders and cultivating distribution channels for new opportunities
• Collaborating with other business units, channels and segments in the Momentum Metropolitan group to unlock synergies and create joint new business opportunities
• Building strategic relationships with business partners and stakeholders to understand their business priorities and requirements
• Identifying opportunities for improvement and/or identifying potential challenges and implementing mitigating tactics in the Guardrisk Life business
• Managing third-party cell captives, including:
• Ensuring effective management of various stakeholders in the insurance value chain (cell owners, binder holders, intermediaries, consultants, reinsurers, administrators)
• Reviewing cells’ financial statements and managing revenue streams
• Preparing client reports which include information such as cell solvency, underwriting performance
• Facilitating reinsurance renewals via the reinsurance department
• Ensuring compliance with market conduct standards and relevant legislative requirements
• Ensuring that legal contracting is correct, up to date and in place
• Tending to client queries
• Keeping up to date with legislation and regulation in the life insurance market

Requirements

• Relevant tertiary qualification: BCom; BSc (or similar)
• Relevant professional qualification: Actuary (or nearly qualified), CFA FAIS Compliant RE5 and RE1 is advantageous
• Minimum 3 to 5 years’ experience in the financial services industry
• Strong Life insurance technical knowledge and understanding would be preferred
• Client facing experience would be preferred
• Strong accounting and/or actuarial skills would be preferred
• Deal making experience would be preferred

Qualifications

• Formal education/certifications (Bachelor’s, LLB, Matric, etc.)

Salary & Benefits

• Salary: [Salary amount]
• Benefits: [Benefits details]

Note: The salary and benefits information is not provided in the original job description. If this information is available, it should be included here.