Group Insurance Pricing Specialist

• Minimum matric with exemption including Mathematics (Pure) and Accounting/Physical Science.

• Bachelor's degree in Commerce, Mathematics or Statistics is preferable.

• 2-5 years' work experience in the Insurance, Employee Benefits or other Financial Services industry is preferable, but not a pre-requisite.

• Work experience in Group Risk pricing is preferable, but not a pre-requisite.

• Good MS Word and MS Excel skills.

• MS Access, SQL or Visual Basic experience will be an advantage.

• Screening and analysing new and existing business pricing requests.

• Gathering, assessing and analysing all relevant information needed to produce a new business tender or rate renewal.

• Review existing business premium rates, terms and conditions

• Compiling, analysing and monitoring claims experience for new and existing business.

• Assessing and calculating the risk rate and underwriting requirements for the products requested, utilising the current pricing tools.

• Determining suitable terms and conditions in order to effectively manage risk.

• Extracting data from existing systems, as well as validation and manipulation of the data.

• Accurate recording of data for business intelligence and reporting.

• Consider wider topics of risk management such as occupational and industry risks.

• Internal and external client liaison/collaboration with regards to rates, products and other risk issues.

• Build and improve current models and internal processes.

• Assisting with ad hoc projects and calculations, e.g. Disability buy-outs, profit sharing calculations and reinsurance comparisons.

• Assist with risk calculations and provide technical support to the FundsAtWork Pricing department.

• Ensure that all authorisation protocols, tools and systems are adhered to and are used correctly and effectively

• Build a strong relationship with the sales channel so that existing business is retained at profitable rates while new business is secured with appropriate margins.

• Build and maintain relationships with relevant organisation's to ensure in-depth knowledge of all related acts, regulations and regulatory frameworks.

• Compile, monitor and deliver on service level agreements with internal and external stakeholders to meet or exceed client expectations.

• Ensure satisfactory resolution of all queries and problems.

• Participate in the design and application of a stakeholder feedback capability in respect of service delivery.

• Track and address Product Pricing related complaints and identify trends and major issues to be addressed.

• Internally and externally with other Departments/ Brokers/ Employers/ Members/ Reinsurers.

• Work together with consultants to support client retention and new business acquisition via excellent customer service and maintaining excellent client and broker relationships.

• Provide technical pricing guidance and support to the Sales Channel and other departments. FINANCE

• Ensure rates and underwriting requirements provided mitigate financial risks.

• Increase profits and ensure rates provided are sustainable.

• Contribute towards reducing departmental operating costs.

• Ensure rates and underwriting requirements provided mitigate financial risks.

• Increase profits and ensure rates provided are sustainable.

• Contribute towards reducing departmental operating costs.

• Analytical thinking (including problem identification and problem analysis).

• Attention to detail.

• Be able to work well independently and also within a team.

• Excellent people skills.

• Self-management and accountability.

• Live and uphold the MMH values.

• Quality and service oriented.

• Excellent communication and presentation skills (written and oral).

• Good judgment, effective decision making and problem-solving.

• Data management skills.

• Time management, flexibility and adaptability.

• Planning and organizing.

Momentum Metropolitan