Job Vacancies at Old Mutual South Africa

Job Description

• Old Mutual’s roots are in insurance and actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa, and we continue to grow this capability across the African continent. As a key component of our journey to build a world class team of actuaries, we have an exciting opportunity to join the Group Actuarial team.
• This team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various jurisdictions. 
• The team has a unique opportunity available for a nearly/newly qualified actuary, to gain unique experience in the inner workings of a complex financial services group. This role will support the Actuarial Manager responsible for financial reporting on an IFRS and MCEV basis. The work will initially focus on production with exposure to adhoc/ project work.
• The role will build networks across the wider Group, which will assist with future career development as part of Old Mutual’s actuarial rotation programme.  
• 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.

Key Result Areas:

• Financial reporting – Support the financial reporting team during reporting cycles to ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary. 
• Continuous improvements – Enhancements of models and processes that produce IFRS/FSV and MCEV reporting. 
• IFRS 17 implementation - Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into standard production. 
• Ad-hoc/Project work – Assist with ad hoc requests from the wider business (e.g. 
• product owners, other finance areas).

Skills, Qualifications & Experience required:

• Nearly or newly qualified Actuary 
• At least 4 year’s actuarial experience in life insurance 
• Strong technical financial understanding of life insurance products
• Strong detail orientation coupled with the ability to see the “big picture”
• Excellent communication skills (both written and verbal)
• Motivated self-starter who shows initiative, is proactive, looks for ways to improve
• Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability

The incumbent will have an added advantage if he/she has the set skills listed below

• Previous valuation experience will be an advantage
• Exposure to group consolidation and accounting reporting process  
• Prior experience with process re-engineering 

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience.

Skills

Education

• Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science