About this role
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Minimum Requirements:
- A Fellow of either the Actuarial Society of South Africa or the Institute and Faculty of Actuaries (UK).
- More than 5 years' experience in life insurance.
- Client focused.
- Ability to make balanced and sound recommendations and decisions.
- Self-motivated individual who is able to work accurately under tight time constraints.
- The ability to perceive, interpret and translate information in order to competently perform tasks and various levels of complexity.
- The ability to apply analytical, integrative, lateral and systems thinking.
- The ability to take all relevant detail into consideration in order to make sound recommendations.
- The ability to communicate complex information to an audience that has little or no actuarial experience.
- The ability to manage and mentor junior Actuarial Specialists.
- The ability to engage effectively with individuals across a broad range of disciplines to ensure that projects are completed effectively.
- The ability to identify and proactively solve issues that arise on a day-to-day basis; and
- Experience in product design and/or financial reporting.
Job Specification:
Financial Reporting:
- Consolidation and submission of valuation results (IFRS17, MCEV and SAM). Presenting results to BU Executives.
- Monthly Reporting – Ongoing monitoring and analysis (outside of valuation periods) of the financial results.
- Business Planning / Forecasting – Produce the business plan and other forecasts to estimate future financial impacts of the business strategy.
Valuations :
- Delivery of quarterly valuations for Corporate Segment and Cell Captives
- Business Partnering: Extract insights for business consideration and collaborate effectively with both Business and Valuations/Finance teams. Eg monthly meetings with BU Executives for monthly results, BU EXCO meetings, valuation result discussion etc.
- Support product development and product reviews (Finance perspective).
Risk Reporting:
- Producing quarterly risk reports such as Market Risk Report.
Product Support:
- Maintenance and support of products.
- In-country support to the Specialised product teams with on ongoing product monitoring and reviews.
- Reinsurance support eg GAP reinsurance reviews, NamibRe submissions.
- Product development.
- Manage monthly product meetings with BU Executives and track deliverables
- Product procurement forums.
- Contract reviews (AGP, CS MOUs).
- Support Rewards project (reviewing calculations and providing in-country actuarial support, review of contracts and annexures).
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Skills
Competencies
Balances Stakeholders
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Builds Effective Teams
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Builds Networks
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Business Insight
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Communicates Effectively
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Develops Talent
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Directs Work
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Drives Results
Education
Fellow Of Actuarial Society Of South Africa (FASSA)
Closing Date
09 October 2026 , 23:59
The Old Mutual Story!