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  • Posted: May 20, 2021
    Deadline: Not specified
  • Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.

    Read more about this company


    Intermediate Actuarial Specialist

    Job Description

    • 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.
    • The successful candidates will form part of a high-performing team and will be supporting the production of the Financial, Capital and Risk reporting output for Published as well as Regulatory Reporting.  The role will provide the opportunity to develop in-depth knowledge of OM products, and will require incumbents to continually review and improve existing methods and processes. The position will further offer regular opportunities to engage with and present reported results to various stakeholders and management at a senior level.


    Performing regular quarterly valuations for financial reporting and submissions to the regulator
    Presenting valuation results to management and effectively explaining key drivers of results (for all relevant metrics)
    Critically reviewing current processes and actuarial models with a view of continuous improvement
    Support the delivery of relevant project objectives as these arise
    Extract insights and understand the drivers of key financial metrics for business consideration. Effectively collaborate with business and other specialized areas such as Accounting, Product Development, and Balance Sheet Management
    Assist with IFRS 17 implementation and transition to BAU

    • Actuarial student with 9 exam credits.
    • IFRS 17 experience advantageous
    • At least 2 years actuarial experience  
    • Strong technical skills
    • 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
    • Interest in financial modelling software
    • 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

    • Knowledge of IFRS and Regulatory Solvency valuations
    • Prophet (including DCS) and VBA programming experience
    • Advanced MS Excel skills
    • SQL / MS Access skills


    • Bachelor Of Busines Science: Actuarial Science, Bachelor of Commerce (BCom): Actuarial Science

    Closing Date

    • 29 May 2021

    Method of Application

    Interested and qualified? Go to Old Mutual on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

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