Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Key focus of the role:
• Perform assignments of a variety of actuarial-related tasks, e.g., compilation and analysis of surplus 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.
The following would be advantageous:
• Experience with MS Excel, MS Word, MS PowerPoint, Prophet, DCS, SQL, Python, or R.
Key behavioural skills and attributes required to fulfil this role:
• Strong technical skills and attention to detail
• Business acumen and negotiation skills
• Good interpersonal and communication skills
• Ability to work independently, as well as in a team
• Ability to work on a wide range of deliverables over a given period of time
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 in order 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 a competitive advantage in existing or new products.
- Ensuring the continuous management of new & existing products.
Organizational Risk Management:
- Gather, monitor and analyze risk, financial management data & recommend further investigation.
- Involve the use of established risk management models, systems & protocols.
- Working well under direction.
Compliance:
- Develop knowledge and understanding of the organization's policies and procedures, relevant regulatory codes as well as codes of conduct to ensure own work adheres to those standards.
- Obtain authorization from a supervisor or manager for any exceptions from mandatory procedures.
Improvement/Innovation:
- Implement improvements and provide feedback on them.
- Use change management systems and protocols to provide routine support services.
- Carry out technical actuarial work, often using complex systems and packages.
- Provide support on relevant aspects of the engagement with the group insurance entities related to pricing and product development activity
- Performs checks, and puts procedures in place, to ensure actuarial calculations are accurate.
- Checks, manipulates and analyses volumes of data and draws conclusions from the analyses.
- Responsible for technical accuracy and implementation of work.
- Translate actuarial concepts into client - friendly terminology.
Skills
Data Analysis, Data Compilation, Data Controls, Information Management, Insurance Principles and Practice, Insurance Products and Services, Numerical Aptitude, Planning and organisational skills, Risk Management
Competencies
Action Oriented
Being Resilient
Builds Networks
Communicates Effectively
Ensures Accountability
Financial Acumen
Instills Trust
Manages Complexity
Education
Closing Date
23 March 2026 , 23:59
The Old Mutual Story!