Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Performs assignments of a variety actuarial-related tasks, e.g. compilation and analysis of losses and reserves. Develops and enhances procedures including review for actuarial soundness. Analyzes completed work for reasonableness and accuracy and may recommend specific courses of action.
OML roles mapped to this profile are: Intermediate Actuarial Specialist, Intermediate Actuarial Specialist (OMAO), Intermediate Actuarial Specialist New Entrant and Specialist: Actuarial Underwriting.
Responsibilities
Actuarial Analysis, Assumptions and Insights
Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights. Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.
Actuarial Financial Reporting
Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.
Actuarial Model Creation and Maintenance
Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.
Actuarial Product Development & Management
Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.
Organizational Risk Management
Keep track of risk, financial management and control parameters, identifying any more deviations and reporting them to more senior colleagues. Involves working within established risk management systems.
Actuarial Calculation of Funding Requirement
Carry out complex analyses of funding contributions, like employee benefit programs, to support the evaluation of scheme funding requirements.
Compliance
Identify instances of non-compliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct within the team, reporting these and escalating issues as appropriate.
Improvement/Innovation
Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.
The Recruitment Process:
- TA Interview: This will be a discussion with a member of the Talent Acquisition Team to give you an understanding of our business, our culture & values and more context on the role. It will also allow us the opportunity to get to know you more and ensure OMI can meet your career aspirations.
- Panel Interview: This will be with 2 members of the Senior Leadership of the Hiring Team and 1 member of the HC Leadership Team.
- Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with Vetting through an external service provider & Internal Verification.
- Final Feedback.
https://www.oldmutual.co.za/about/old-mutual-insure/
https://www.linkedin.com/posts/old-mutual-insure_i-work-at-old-mutual-insure-of-course-activity-7161674472469524483-w0j6?utm_source=share&utm_medium=member_desktop
Please note that, unfortunately, we cannot accept any applications after the closing date
Skills
Analytical Thinking, Financial Management, Management Reporting, Risk Management
Competencies
Action Oriented
Balances Stakeholders
Builds Networks
Business Insight
Collaborates
Communicates Effectively
Cultivates Innovation
Decision Quality
Education
Bachelor of Science Honours (BSc Hons): Actuarial Science (Required)
Closing Date
17 June 2025 , 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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