Job Description
About the Role
We are seeking an experienced Marketing Actuary to join our team in Johannesburg. As a key member of our business, you will be responsible for marketing our insurance products to prospective new clients and contributing to the development and implementation of our business strategic initiatives. If you have a strong background in life insurance technical knowledge, client facing experience, and deal making skills, we would love to hear from you.
Key Responsibilities
- Marketing of the business to prospective new clients
- 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
- Take 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 in order 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
- Networking on industry matters to facilitate knowledge share and input to clients on their insurance businesses
Requirements
- Relevant tertiary qualification: BCom; BSc (or similar)
- Relevant professional qualification: Actuary (or nearly qualified), CFA
- FAIS Compliant
- 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 details not specified in the original job description.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Insurance Jobs in Gauteng
The Other Insurance (OI) industry is a significant sector in Gauteng, South Africa, offering a range of career opportunities for professionals with the right skills and experience. Typically, OI roles are in demand across various industries, including financial services, technology, and manufacturing, as companies seek to manage and mitigate risks associated with their operations.
Generally, OI specialists in Gauteng can expect salaries that vary widely depending on factors such as level of experience, company size, and industry sector. While broad salary ranges cannot be provided due to the variable nature of these factors, it is common for experienced OI professionals to earn between R600 000 and R1 200 000 per annum, while entry-level roles may start at around R300 000 to R500 000 per annum. However, salaries can fluctuate depending on individual circumstances.
Common skills required for OI roles in Gauteng include expertise in financial management, risk analysis, data interpretation, communication, and project management. Other essential skills often include proficiency in insurance software, analytical thinking, problem-solving, and the ability to work under pressure. Many OI professionals also hold relevant certifications or degrees in fields such as actuarial science, business administration, or economics.
The financial services sector is a significant employer of OI professionals in Gauteng, with other industries such as technology and manufacturing also commonly hiring for these roles. Other sectors that may employ OI specialists include healthcare, construction, and logistics. In terms of career development, many OI professionals in Gauteng progress to senior roles within their current organisations or move into related fields such as risk management, auditing, or claims handling.
For those seeking a career in OI, it is essential to develop a broad range of skills and experience, often through formal education and training. Many OI professionals in Gauteng have pursued certifications such as the Fellow of the Institute of Actuaries (FIA) or the Chartered Insurance Practitioner (CIP). Building strong relationships with clients, colleagues, and stakeholders is also crucial for success in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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