Intern: Group Insurance Pricing at Momentum Metropolitan Holdings Limited

Role Purpose    

• The purpose of this role is to price and manage the retirement and risk benefits 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.

Requirements    

• Minimum matric with exemption including Mathematics (Pure) and Accounting/Physical Science
• Bachelor’s degree in Commerce, Mathematics or Statistics is preferable.
• Good MS Word and MS Excel skills.

Duties & Responsibilities    
INTERNAL PROCESS

• 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
• Assessing and calculating the retirement related fees, 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.
• 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.
• Collaborate with the Group Insurance Pricing department for technical support

CLIENT

• 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 departments 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.

 PEOPLE

• Enhance the image of MMH through professional client liaison:
• 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

Competencies    

• 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.
• Act with integrity.
• 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.

Deadline:14th October,2025