Organisation: Metropolitan Life – Investment and Saving Solutions
Job Title: Actuarial Specialist (Investment and Saving Solutions)
Location: Bellville, Western Cape, South Africa
Work Type: Permanent / Some Remote Opportunities
Role Family: Actuarial
Reference Number: MMH250703-11
Closing Date: 22 January 2026
About Metropolitan
Metropolitan is one of South Africa’s oldest financial services brands, with a 125-year legacy of serving communities and empowering Africa’s people through affordable financial solutions.
The brand operates in South Africa and 7 other African countries including Namibia, Botswana, Kenya, Ghana, and Lesotho. Metropolitan offers financial wellness solutions for low-income clients, covering:
- Funeral insurance
- Health and hospital cash-back cover
- Savings and investment products
- Retirement solutions and life insurance
Website: www.metropolitan.co.za
Role Purpose
The Actuarial Specialist (Investment and Saving Solutions) will:
- Utilise actuarial expertise to develop and maintain investment and savings solutions that meet client needs
- Support product pricing, financial modelling, and viability studies
- Analyse market opportunities and streamline existing product offerings
- Collaborate with technical and business stakeholders to support strategic decisions
Key Responsibilities
- Develop and maintain solutions including endowments, tax-free, money-market, retirement annuities, life annuities
- Conduct business viability studies and solution designs
- Perform behavioural and predictive modelling to enhance client engagement and retention
- Maintain financial models, projecting income and expenses across all business segments
- Set key assumptions and measure their appropriateness over time
- Price new solutions and review rates of existing solutions to ensure viability
- Gather, analyse, and interpret data to inform business decisions
- Identify opportunities and provide analytical insights for continuous improvement
Requirements
- Degree in Actuarial Science
- Honours in Actuarial Science preferred
- Completed ASSA Foundation and Intermediate Technical exams (A100 & A200 series)
- Minimum 2 years actuarial experience in Financial Services
- Experience with actuarial software preferred
- Long-term insurance product pricing and modelling experience preferred
Competencies
- Passion for making a difference in low- to middle-income markets
- Strong analytical and data interpretation skills
- Accuracy, attention to detail, and versatility
- Strong written and verbal communication skills
- Team player with ability to work with diverse groups
- Business acumen and accountability for projects
- Innovative, inquisitive, and proactive mindset
How to Apply
Submit your application online via Metropolitan’s career portal:
👉 Apply Here