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Job Category: Others

Job Source: NRBjobs.com

Job Summary

12
  • No. of Vacancy: N/A
  • Job Location: Bellville
  • Employment Type: Full Time
  • Salary: N/A
  • Gender: Any
  • Age Limit: N/A
  • Experience: N/A
  • Career level: Mid-Senior level
  • Posted On: Jun 10, 2019
  • Application Deadline: Jul 10, 2019

Job Description/Responsibility

  • MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE. The group operates in the market through multiple client-facing brands including insurance and investment brands Metropolitan and Momentum, South Africa’s number one cell captive insurer Guardrisk and wellness and rewards programme Multiply. MMI operates in 17 countries across the globe: 13 in the African continent, Hong Kong, Indonesia, United Kingdom, and India through a direct presence, strategic partnerships and joint ventures.
  • MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE. The core businesses of MMI are long and short-term insurance, asset management, savings, investment, health care administration and employee benefits.  These product and service solutions are provided to all market segments through operating brands Metropolitan and Momentum.
  • Role Purpose

    The purpose of this role is to price and manage the risk in respect of new and existing business to ensure profitability and sustainability. The area is a high-pressure environment and the suitable candidate needs to be able to produce high quality work while ensuring that tight deadlines are met.

    Responsibilities and work outputs

    • Screening and analysing new and existing business pricing requests.
    • Gathering, assessing and analysing all relevant information needed to:
              - provide a new business tender
              - 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.
    • Preparing quality quotation/rate review documents to be issued to clients.
    • Extracting data from existing systems, as well as validation and manipulation of the data.
    • Consider wider topics of risk management such as occupational and industry risks.
    • Internal and external client liaison with regards to rates, products and other risk issues.
    • Build and improve current models and internal processes.
    • Assisting with ad hoc projects and calculations, such as Disability buy-outs, profit sharing calculations and reinsurance comparisons.

    The work you need to deliver

    Operational Processes:

    • Produce quality work within specified process frameworks and service level agreements guidelines to ensure that targets are met and queries timeously resolved:
    • Ensure all work is accurate and delivered on a professional level.
    •  Ensure processes are adhered to and records are updated.
    • Ensure that all authorisation protocols, tools and systems are adhered to and are used correctly and effectively.
    • Ensure all tasks are despatched within the standard turnaround times and allocated timeframes.
    • Enhance projects and add extra value by improving on requirements and processes.
    • Assist in internal investigations and reporting on experience.

    Financial Outcomes:

    • Ensure rates and underwriting requirements provided mitigate financial risks.
    • Increase profits and ensure rates provided are sustainable.
    • Contribute towards reducing departmental operating costs.
       

    Client Services:

    • Enhance the image of MMI through professional client liaison:      
    • Internally with other Departments
    • Externally with brokers/employers/members
    • Externally with 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 consultants.
       

    Other:

    • Live and uphold the MMI values.
    • Attend the training courses provided.
    • Apply self-management.
    • Keep updated with the changes in the department, division and industry.

Experience Requirements

  • 2-5 years' work experience in the Insurance, Employee Benefits or other Financial Services industry.
  • Work experience in Group Risk pricing is preferable, but not a pre-requisite.
  • Basic programming skills will be beneficial.

Education Requirements

Bachelor's degree in Commerce, Actuarial science, Mathematics or Statistics.

Skills Requirements

  • N/A

Compensation/Benefits

  • N/A

Apply Instruction

About the Company

Company Name: MMI Holdings
Address: 268 West Avenue, Centurion, Gauteng, 0157, , SOUTH AFRICA

Company Profile: MMI was formed from the merger of Metropolitan and Momentum, sizable insurance-based financial services players in South Africa. With market capitalisation of R26.7bn and an embedded value of some R31.1bn, MMI was already the third largest life insurer in South Africa when it listed on the JSE Stock Exchange on 1 December 2010. The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration, health risk management, employee benefits, and rewards programmes. MMI conducts its business through operating brands Metropolitan, Momentum, Guardrisk, and Eris Properties.

Company Website: http://www.mmiholdings.co.za/en/contact

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