Senior Actuarial Specialist

Let's Write Africa's Story Together!

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

Job Description

An exciting opportunity exists within the Old Mutual Wealth Actuarial Team offering exposure to an interesting combination of technical and business issues. The role requires a technically sound individual, who is responsible for performing actuarial valuation reporting, and collaborating effectively with various teams and stakeholders at various levels.

The incumbent candidate will be responsible for the valuation of life wrapped products for the Wealth Segment for consolidated financial reporting purposes, specifically focusing on SAM, Regulatory and Internal risk metrics. The incumbent has responsibility for specific deliveries and is individually accountable for achieving results.

There will be a strong focus on technical actuarial work, often using complex systems and packages. Part of the role will focus on the identification of improvements of existing models and processes to enhance reporting of the Wealth business. The role will also require participation in various projects, which will present opportunities to develop further insights and influence reporting within and across the various OML teams.

Valuation and Financial Reporting (including Capital Requirements)

• Responsible for accuracy and quality of the consolidated financial reporting results for submission to the OML Group Actuarial Reporting team and Wealth Finance team, as appropriate, with a specific focus on IFRS9, SAM, SCR and Regulatory Reporting
• Accountable for compliance with agreed policy and methodology as well as professional guidance and legislation.
• Proactively provides analysis of results and recommends appropriate action back to the business and other stakeholders.
• Responsible for accuracy and completeness of the actuarial portions of regulatory reporting for submission to the OML Group Actuarial Reporting team.
• Responsible for the development and maintenance of actuarial models.
• Performs necessary checks on processes and ensures procedures are in place to deliver accurate actuarial outcomes.
• Ability to check, manipulate and analyze volumes of data and draws conclusions from the analysis.

Process efficiency and automation

• Assist in ensuring processes are efficient, robust and fit for purpose.
• Assist in ensuring that the control environment is adequate and effective.

Ad-hoc projects

• Support the delivery of relevant projects, as and when these arise. These include (but not limited to) Earnings at Risk (EaR) and ORSA analyses.

Qualifications, Skills and Experience:

• Qualified/nearly qualified actuary with good exam progress
• At least 4 years actuarial experience
• Exposure to life insurance reporting
• Strong analytical and technical actuarial skills
• Ability to interpret and communicate complex results
• Attention to detail and strong control mindset
• Ability to work independently and manage deadlines
• Stakeholder engagement and influencing skills
• Ability to work independently
• Self-starter who shows initiative and is able to drive projects to completion
• Ability to multitask, work under pressure and reprioritize work when necessary.
• Advanced skills in Microsoft Excel and Prophet would be an advantage
• Experience with SAM, regulatory reporting or capital modelling would be an advantage

COMPETENCIES :

• Strategic
• Leading with influence
• Innovation (Perspective)
• Execution
• Customer First

Skills

Analytical Thinking, Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Market Analysis, Numerical Aptitude, Risk Management

Competencies

Balances Stakeholders

Builds Networks

Business Insight

Collaborates

Communicates Effectively

Cultivates Innovation

Decision Quality

Drives Results

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

24 June 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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