Consolidation and Reporting Actuarial Analyst at Old Mutual South Africa

Role Overview

Job Description

An exciting opportunity exists within the Corporate Actuarial team to consolidate the financial and business reporting for the Corporate Segment. This role offers exposure to an interesting combination of technical and business issues. It also provides the opportunity to obtain insights into the reporting dynamics of a range of products, including annuities, investments and group protection offerings, and how these will be impacted by changing regimes, in particular IFRS17.

The successful candidate will assist the business in consolidating financial results. The individual will work closely with the various Corporate Segment product valuation and accounting teams to ensure all reporting requirements are well understood and deliveries met. The role therefore requires a technically sound individual with strong Excel skills, who is able to collaborate effectively with various teams. As reporting is required to meet the needs of various stakeholders, there will be a strong focus on ensuring processes are robust, efficient and fit for purpose. The role may also require participation in various projects, which will present opportunities to develop further insights and influence reporting within and across the various teams.

Key Result Areas

• Consolidating financial, business, management reporting: Consolidate quarterly IFRS profits and MCEV.
• Monthly financial reporting: Calculate and perform checks on monthly IFRS profit and VNB estimates.
• Regulatory reporting: Assist with regulatory reporting requirements including annual returns.
• Process efficiency and automation: Ensure processes are efficient, robust, fit for purpose and well documented. Ensure the control environment is adequate and effective.
• Ad-hoc projects: Support the delivery of relevant projects objectives, as and when these arise.

Requirements: Skills, Qualifications and Experience required

• Actuarial student with 9 exam credits.
• At least 2 years actuarial experience.
• Strong technical skills and attention to detail.
• Ability to manage deliveries within agreed timelines.
• Proficient in Microsoft Excel.
• Ability to collaborate effectively with others.