Permanent Group Insurance Pricing Specialist | Momentum Group
Job Description
Momentum Group Vacancies – Group Insurance Pricing Specialist
Location: Cape Town, Western Cape
Company: Momentum Group
Job Type: Permanent
Job Sector: Insurance
Group Insurance Pricing Specialist
Company: Momentum Group
Closing Date: 2025/07/28
Reference Number: MMH250714-1
Position Type: Permanent
Role Family: Actuarial
Cluster: Momentum Corporate
Work Model: Hybrid (partially Remote)
Location: South Africa, Gauteng, Cape Town
Introduction
Momentum Group, through its brands like Metropolitan, Momentum, Multiply, Guardrisk, and Eris Property Group, empowers individuals and businesses to achieve their financial and life goals. We provide solutions for savings, protection, and investments while supporting organizations in rewarding and caring for their employees. With a network of advisers and brokers, we deliver practical financial solutions for diverse needs.
Role Purpose
As a Group Insurance Pricing Specialist, you will price and manage risk for new and existing business to ensure profitability and sustainability. This high-pressure role demands accuracy, efficiency, and adherence to tight deadlines while delivering top-quality work.
Requirements
- Matric with exemption in Mathematics (Pure) and Accounting/Physical Science.
- Bachelor’s degree in Commerce, Mathematics, or Statistics preferred.
- 2–5 years’ experience in Insurance, Employee Benefits, or Financial Services is advantageous.
- Group Risk pricing experience is a plus.
- Proficiency in MS Word and Excel.
- Familiarity with MS Access, SQL, or Visual Basic is beneficial.
Duties & Responsibilities
Internal Process
- Screen and analyze pricing requests for new/existing business.
- Gather, assess, and analyze data for tenders and renewals.
- Review premiums, terms, and conditions while monitoring claims experience.
- Calculate risk rates and underwriting requirements using pricing tools.
- Extract, validate, and manage data for reporting and business intelligence.
- Assess occupational and industry risks.
- Collaborate with internal/external stakeholders on risk and product matters.
- Improve models, processes, and assist in ad hoc projects (e.g., profit-sharing, reinsurance).
- Support FundsAtWork Pricing with risk calculations and technical guidance.
- Adhere to authorization protocols and system requirements.
Client
- Strengthen sales channel relationships to retain profitable business and secure new clients.
- Maintain knowledge of regulatory frameworks and industry acts.
- Deliver on SLAs and resolve stakeholder queries efficiently.
- Monitor and address pricing-related complaints and trends.
People
- Present MMH professionally in liaisons with brokers, employers, and reinsurers.
- Support client retention and new business through technical guidance and collaboration.
Finance
- Mitigate financial risks through accurate pricing.
- Enhance profitability and sustainability while reducing operational costs.
Competencies
- Analytical thinking and problem-solving.
- Attention to detail and strong teamwork.
- Excellent communication, judgment, and decision-making.
- Data management, time management, and adaptability.
- Alignment with MMH values and service excellence.
Employment Equity Commitment
Momentum Group promotes Employment Equity, diversity, and inclusion. We encourage applications from people with disabilities.
APPLY NOW
How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
63 total views, 1 today