Senior Actuarial Supervisor

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 Personal Finance Actuarial team. The successful candidate will form part of a high-performing team and will support the production of the Financial, Capital and Risk reporting output for Published as well as Regulatory Reporting.

The role involves management of a team and will provide the opportunity to develop in-depth knowledge of the valuation process for Personal Finance products. The incumbent will be responsible for the financial reporting of the Savings products, ensuring that reporting processes are in place for recently launched products, managing the finance readiness for a system migration, and for continuous improvement of existing methods and models. The position will further offer regular opportunities to engage with and present reported results to various stakeholders and management at a senior level.

Key Result Areas

• Manage a small team of actuarial students and provide coaching and mentoring to the team

• Perform regular quarterly valuations for financial reporting and submissions to the regulator

• Present valuation results to management and effectively explaining key drivers of results (for all relevant metrics)

• Extract insights and understand the drivers of key financial metrics for business consideration

• Critically review current processes and actuarial models with a view of continuous improvement

• Enhance IFRS 17 processes and reporting

• Support the delivery of relevant project objectives as these arise.

Skills, Qualifications & Experience required

• Nearly qualified or recently qualified actuary

• Minimum 6 years actuarial experience

• Financial reporting and/or actuarial modelling experience

• Management experience advantageous

Key behavioural skills and attributes

• Motivated self-starter who shows initiative, is proactive and looks for ways to improve

• High level of accountability and ownership

• Excellent interpersonal and communication skills

• Ability to gather a wide range of information, filter and then use in making sound and balanced decisions

• Strong organisational and planning skills

• Strong sense of ownership

• Strong detail orientation coupled with the ability to see the “big picture”

• Interest in financial modelling software

The following would also be advantageous

• Knowledge of IFRS 17 and Regulatory Solvency valuations

• Experience in life insurance valuations

• Prophet and DCS experience

• Advanced MS Excel skills

• Python and SQL skills

Competencies

• Strategy

• Collaboration

• Leading with Influence

• Innovation

• Personal Mastery

• Execution

• Customer First

Skills

Action Planning, Adaptive Thinking, Agile Project Management, Data Compilation, Data Controls, Executing Plans, Financial Acumen, Identifying Customer Needs, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Negotiation, Policies & Procedures, Risk Management, Workflow Management

Competencies

Balances Stakeholders

Builds Effective Teams

Builds Networks

Business Insight

Communicates Effectively

Develops Talent

Directs Work

Drives Results

Education

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

Closing Date

12 March 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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