Intermediate Actuarial Specialist (New Entrant) at Old Mutual

Job Description

This is a specialist role that is involved in the design and development of innovative product offerings as well as managing, maintaining and enhancing existing retirement products. The incumbent works at a team level and is accountable for service delivery within a function/team for time spans of between 3 months to 1 year.

• Undertakes the specialist functions of planning and coordinating the execution of market-/ competitor-/customer focused- research, interpreting findings and giving input into the creation of the product strategy.  

• Supports and facilitates the design and development of product propositions, including the planning of the feasibility, prototyping, testing, refinement, and changes.  

• Develops and defines a business case for the product development/build teams. 

• Undertakes effective ongoing stakeholder engagement, collaboration, communication and change management through all the stages of the product development and deployment cycle.  

• Defines and develops the product Customer Value Proposition and manages the final product testing and build with various business partners and stakeholders within a project driven environment.

• Undertakes the functions of rendering specialist product support, management of the current book, product enhancements and product performance tracking and reporting.

• Compiles detailed reports and presentations for the various stakeholder groups (Regulators, Trustees, Exco etc.).

Key Results Areas:

• Assessing and recommending decisive action relating to customer value for money

• Product development and implementation, including system testing

• Documentation, including product specifications and client facing material

• Ensuring client and marketing material are consistent with product rules

• Compiling reports

• Compiling presentations and facilitating presentations to groups

• Automating of processes and reports using programming techniques or analytics technology

• Investigations related to product rules, business optimisation and feasibility studies, including product strategy.

• Product reviews, both internal and competitors.

Role Qualifications, Skills and Experience required :

• Actuarial student with minimum of 7 actuarial credits

• At least 1 year’s work experience

• Strong technical skills and meticulous attention to detail

• Good interpersonal skills and ability to work in a team and across teams

• Comfortable working with all levels of business stakeholders (junior, middle and senior management)

• Excellent communication skills (both written and verbal)

• Ability to plan and prioritise

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

• Able to complete tasks within agreed timelines with limited guidance

• High levels of drive, energy and innovation

• Willing to learn and grow

Advantageous:

• Advanced Excel

• Programming skills (VBA, SQL, Python)

• Microsoft Office (Word, Excel, Powerpoint, Teams, Access)

Competencies:

• Strategy

• Innovation

• Leading with Influence

• Collaboration

• Customer First

• Execution

• Personal Mastery

Skills

Education

Bachelor of Commerce (BCom): Actuarial Science (Required), Bachelor of Science (BSc): Actuarial Science (Required)