Intermediate Actuarial Specialist - New Entrant at Old Mutual

Job Description

The Legacy & Product Management team is looking for a suitably qualified individual for an Intermediate Actuarial Specialist role within the Product Solutions area. The Legacy & Product Management team is responsible for product management and performance for both savings and income products in the Old Mutual Retail market.

We are looking for someone driven and excited to take on new challenges to help us grow, maintain and improve our existing Retail Investment Proposition. In joining the team, you will provide support to various functions measuring and/or enhancing product performance as well as supporting projects. You will have exposure to either/both MFC and PF Retail Savings products and will get an in-depth view of how these fit into the investment landscape within South Africa, as well as the customer and business value propositions championed by Old Mutual.

Key Result Areas

• Product development and implementation, including system testing.
• Ensuring client correspondence and marketing material are consistent with product rules.
• Supporting the proposition management function with technical actuarial work.
• Building and maintaining actuarial models.
• Producing management information.
• Assessing and recommending decisive action relating to customer value for money.
• Investigations related to product rules, business optimisation and feasibility studies, including product strategy.
• Providing business input into new product developments, experience investigations and repricing exercises carried out by Product Solutions.
• Product reviews.
• Ensuring product rules are consistent with the most up-to-date regulatory environment

Role Qualifications, Skills & Experience Required

• Actuarial student with at least 7 actuarial examination credits
• Experience in a product management/performance/similar role will be beneficial.
• Knowledge of Old Mutual’s Retail Savings and Income products for the Personal Finance and/or MFC segments, IT platforms and processes would be advantageous.
• Experience and knowledge of actuarial models used to support the above-mentioned products.
• Strong technical skills and attention to detail.
• Good interpersonal skills and ability to work in a team and across teams.
• Good 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.
• High levels of drive, energy and innovation.
• Willing to learn and grow.
• Microsoft Office (Word, Excel, Powerpoint, Access).
• Programming knowledge advantageous.