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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.
Job Description
The Group Actuarial 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 different jurisdictions.
The team has an opportunity available for a candidate with considerable progress with actuarial examinations, to gain unique experience in the inner workings of a complex financial services group. This role will report to the Capital Reporting Actuary and is responsible for delivering various risk metrics for internal and regulatory reporting as part of a small team of actuarial students.
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.
Key Result Areas
Reporting – Historical reporting of capital for regulatory submissions (quarterly / half-yearly / annual QRTs) and for external publication (half-yearly OML results booklets and financial statements).
Capital forecasting projections as part of the annual Business Plan process and regular capital allocation updates
Scenario testing of capital levels under a range of scenarios (for the annual ORSA process as well as ad-hoc when required).
Earnings At Risk metric production that forms part of the ORSA as well as the business’ governance framework.
Business support through providing executive team with analysis of impact of proposed balance sheet changes on overall OMLACSA capital (e.g. change of ownership structure, business acquisition / disposal).
Project support to the Group Finance project team where their deliveries need capital calculations (e.g. Prudential Authority applications).
Qualifications and Experience required:
Actuarial student with a minimum of 9 exam
The incumbent will have an added advantage if he/she has the set skills listed below
Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience.
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.
Skills
Education
Closing Date
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