Intermediate Actuarial Specialist

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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

An exciting opportunity exists within the Personal Finance Actuarial Valuations team (focusing on Annuity products). The successful candidate will have an excellent opportunity to develop their technical and analytical skills. Particularly playing a key role in the production of Financial, Capital and Risk reporting output for Published and Regulatory Reporting, the embedment of IFRS 17 and its accompanying processes.

This role will provide the opportunity to develop in-depth knowledge of OM Personal Finance products. It offers opportunities to engage with and present results and outcomes. Our leaders have a wealth of knowledge and experience and are passionate about mentoring and imparting knowledge. Our high-performance team culture is based on mutual respect and collaboration.

Key Result Areas

Financial & Risk reporting : Work with the actuarial team to prepare and review financial, capital, and other risk metrics for published, regulatory and internal reporting with appropriate supporting analysis and commentary. The candidate will get exposure to the following (amongst other things):

- IFRS 17 standard

- SAM guidelines

- EV principles

Business insights : Extract insights and understand the drivers of key financial metrics for business consideration.  Effectively collaborate with business and other specialized areas such as Accounting, Product Development and Balance Sheet Management

Process and model improvement: Critically review existing processes and models to ensure that these are robust, efficient and fit for purpose.  Drive synergies, standardisation and continuous improvement, and ensure the control environment is adequate and effective.

Projects: Support the delivery of relevant project objectives as these arise.

Requirements: Skills, Qualifications and Experience required

- Actuarial student with 9 exam credits
- At least 2 years actuarial experience
- Strong technical skills
- Strong detail orientation coupled with the ability to see the “big picture”
- Interest in financial modelling software

The incumbent will have an added advantage if he/she has the experience listed below

- Knowledge of IFRS 17 and Regulatory Solvency valuations
- Life Insurance
- Prophet skills
- SQL and Python programming skills
- Advanced MS Excel skills

Key behavioural skills and attributes required to fulfil this role:

- Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues
- Ability to communicate effectively (written and verbal)
- Ability to complete tasks within agreed timelines and drive projects to completion with minimal guidance
- Ability to plan and prioritise
- High level of accountability
- Willing to learn and grow

Skills

Adaptability, Business, Group Problem Solving, Valuating (Inactive)

Competencies

Action Oriented
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Balances Stakeholders
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Builds Networks
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Business Insight
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Collaborates
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Communicates Effectively
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Cultivates Innovation
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Decision Quality

Education

Bachelor of Science (BSc): Actuarial Science (Required)

Closing Date

09 October 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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