Actuarial Specialist

Closing Date 2025/10/08
Reference Number MMH250924-1
Job Title Actuarial Specialist
Position Type Permanent
Role Family Actuarial
Cluster International
Remote Opportunity Some of the time
Location – Country Botswana
Location – Town / City Gaborone

Introduction
We are looking for a dynamic and results-driven Actuarial Specialist to join our Distribution Department.
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose
Reporting to the Head: Corporate Distribution, the successful candidate will play a pivotal role in overseeing product and pricing functions, ensuring the delivery of high-quality services to both internal and external clients. This role requires strong technical expertise, leadership capabilities, and commercial awareness to support the company’s growth strategy.

Requirements

Bachelor’s degree in actuarial science or related field (professional actuarial exam progress advantageous).

Minimum of 3 – 5 years’ experience in the financial services sector, preferably within life insurance.

Strong life insurance product knowledge, with exposure to group risk products.

Proven supervisory/leadership experience.

Solid understanding of commercial and market dynamics.

Certificate of Proficiency (COP) in Life Insurance (advantageous).

Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook, Teams).

Duties & Responsibilities

Oversee the pricing of group risk products (e.g., GLA, Credit Life, GFS, etc.) by pricing analysts, ensuring alignment with the group risk pricing framework.

Supervise the drafting and review of group risk product policy contracts.

Supervise and mentor pricing analysts, including setting work plans, monitoring performance, conducting quarterly reviews, and identifying training and development needs.

Lead and oversee pricing administration processes, ensuring compliance with procedures, service standards, and regulatory requirements.

Manage the installation of new group risk/corporate schemes, benefit improvement, and periodic rate reviews on corporate policy administration systems.

Conduct claims experience and profitability analysis, recommending pricing adjustments and product enhancements to align with market demands and ensure sustainability.

Handle and resolve escalated internal client queries on retail and corporate products, ensuring timely and effective solutions.

Conduct and report on product market research and competitor analysis to guide product innovation and strategy.

Provide input into the product development process, including concept design, business case preparation, and product approval documentation.

Support the development of product training material and facilitation.

Providing technical input and oversight of the product specific aspects contained in Client Facing Documents e.g. marketing brochures, content for digital platforms etc.

Prepare and present statistical reports to support strategic decision-making.

Competencies

Strong analytical and problem-solving skills.

Excellent interpersonal, communication, and negotiation abilities.

Ability to work independently and exercise initiative.

Strong supervisory and people development skills.

High attention to detail, accuracy, and compliance with deadlines.

Customer-centric mindset with a commitment to service excellence.

Collaborative team player with a proactive approach.

Policy
We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Group