Organisation: Momentum Group – Momentum Life (Mmerge Product Management)
Job Title: Actuarial Specialist
Location: Cape Town, Western Cape, South Africa
Work Type: Permanent / Some Remote Opportunities
Cluster: Momentum Life
Role Family: Actuarial
Reference Number: MMH251204-8
Closing Date: 12 January 2026
About Momentum Group
Through brands like Metropolitan, Momentum, and specialist divisions including Guardrisk and Eris Property Group, the Momentum Group enables individuals and businesses to achieve their financial goals.
The group offers practical financial solutions through advisers, independent brokers, and digital platforms, helping clients grow savings, protect assets, and invest for the future.
This role is within the MMerge Product Management team and provides exposure to all aspects of managing legacy savings products.
Role Purpose
The Actuarial Specialist will:
- Perform actuarial product management tasks within Momentum Life – MMerge Product Management (South) team
- Collaborate with actuarial specialists, business analysts, and segment managers to execute strategies aligned with Momentum Group objectives
- Ensure products are managed effectively in terms of profitability, compliance, and client value
Key Responsibilities
- Manage legacy life insurance products while balancing stakeholder objectives
- Monitor profitability and implement changes to align with legislation
- Identify system errors and ensure successful resolutions
- Ensure fair client treatment through product design, communication, and advice
- Optimise product value via reinsurance and other initiatives
- Participate in product consolidation, including:
- Rationalising product range and providing specifications
- Analysing system data and producing reports for consolidation/migration
- Co-creating product enhancements and documenting existing product bases
- Monitor actuarial basis items (mortality, lapses, etc.) and implement corrective actions
- Contribute to innovation and share new ideas for client solutions
- Support service areas in resolving client queries
- Ensure consistent service delivery aligned with Company Values and Treating Customers Fairly principles
Requirements
- Education: Actuarial / Bachelor’s Degree with Mathematics or Statistics majors
- Professional Progress: Strong progress in actuarial exams, minimum completion for recognition as Technical Member of ASSA (TASSA) or equivalent
- Experience: 2–3 years in financial services; experience with life insurance product development/pricing is advantageous
- Skills:
- Strong numerical, analytical, and computer skills (Excel & Word essential)
- Data management and extraction experience advantageous
- Client-centric mindset, innovative and results-focused
Competencies
- Analytical thinking and data interpretation
- Strong technical expertise
- Achievement orientation and self-motivation
- Excellent communication and problem-solving skills
- Flexibility under pressure and resilience
- Ability to work independently and in collaborative teams
How to Apply
Submit your application online via the Metropolitan career portal:
👉 Apply Here