Senior Actuarial Specialist
Senior Actuarial Specialist
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1 Vacancy
Job Description
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
naWe are an African Insurance GiantBe a part of our business that is growing its footprint across Africa as well as expanding our actuarial presence in Johannesburg. Old Mutual is an insurance giant in Africa with life insurance entities currently established in Namibia Swaziland Zimbabwe Ghana Nigeria Botswana Malawi Kenya and Uganda. Our expanding emerging market footprint represents a vast network of opportunity for innovative creative and motivated individuals to benefit from while they gather unmatched professional experience on the way to becoming a leader in our business.
Why the Africa Actuarial Services Team
In this Johannesburg based role you will work as part of a team tasked with providing actuarial services to the life entities in the Rest of Africa consolidating and explaining the life financial results for Old Mutual Africa in all aspects of reporting: monthly management reporting forecasting business planning quarterly IFRS and MCEV reporting as well as capital reporting to regulators.
The team works closely with the Old Mutual Africa Executive team OML central reporting team and incountry Finance Directors and actuarial teams in producing results that drive decision making to help accomplish the Old Mutual Limited (OML) growth strategy. In addition the team has strong working relationships with the Statutory and Country Actuaries of the various countries.
We are a vibrant diverse team thriving on new ideas and high performance while making a meaningful impact on our customers in Africa. Our team will continue to grow in numbers playing a key role in further building Old Mutuals actuarial base in Johannesburg. Our team also continues to provide great opportunities for innovative creative and motivated individuals to benefit and learn from while they gather unmatched professional experience and exposure to a variety of different countries and cultures on the way to becoming a leader in our business.
Financial Reporting Consolidation and submission of valuation results (IFRS MCEV Assumption changes RFO and MCEV reports) during interim and yearend reporting periods. Managing engagements feedback queries from Group Actuarial.
Monthly Reporting Produce and analyse financial results (IFRS VNB and APE) for OMAR on monthly basis. Analyse key drivers of financial results and deviations from forecasts. Assist with preparation of MI packs.
Business Planning / Forecasting Collating financial business plans produced incountry to build consolidated OMAR picture. Produce forecasts or estimates of future financial impacts as required.
Continuous improvements Enhancements of consolidation processes.
Life line of business engagements Produce monthly reports for OMAR Head of Life line of businesses participate in Life Assurance Forums
Projects Support the delivery of project objectives.
Qualifications and Experience required
Nearly qualified or qualified actuary with 4 years experience (exceptional candidates who dont meet the criteria may be considered)
Strong technical skills and experience in a valuations role will stand you in good stead
Strong attention to detail with high levels of drive and energy
Motivated selfstarter who shows initiative and able to interact effectively with people at all levels
Proven ability to complete tasks within agreed timelines with minimal guidance.
Excellent people skills and an ability to work in a team will give you the competitive edge.
Highly innovative with a willingness to learn and grow
Competencies
Strategy
Innovation
Leading with Influence
Collaboration
Customer First
Personal Mastery
Skills
Competencies
Balances StakeholdersBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision QualityDrives ResultsEducation
Bachelor of Science (BSc): Actuarial Science (Required)Closing Date
28 April 2025 23:59The 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.
The Old Mutual Story!
Required Experience:
Senior IC
Employment Type
Full-Time
