Intermediate Actuarial Specialist at Old Mutual South Africa

This role will provide the opportunity to develop in-depth knowledge of OM products and the implementation and transition to IFRS17 reporting, as well as the opportunity to learn cutting edge data management tools. The position will further offer regular opportunities to engage with and present results and outcomes to various stakeholders and management at a senior level.

DUTIES & RESPONSIBILITIES INCLUDE:

• IFRS 17 implementation and Transition to BAU: Assist with implementation of IFRS 17 in Personal Finance as well as analysing and effectively explaining key drivers of results to management.
• Finance & Risk Reporting, Capital and business insights: Performing and reviewing regular quarterly valuations for financial reporting and submissions to the regulator.
• Development of new data processes: Assist with the implementation of the actuarial data process and enablement of business insight capabilities.
• Process and model improvement: Critically Reviewing current processes and actuarial models with a view of continuous improvement
• Projects: Support the delivery of relevant projects objectives as and when these arise.
• Collaboration and Business Insights: 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

REQUIREMENTS:

• Actuarial student with 9 exam credits
• At least 2 years actuarial experience
• Strong technical skills
• Strong detail orientation coupled with the ability to see the “big picture”
• Interest in financial modelling software

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience and exam progress.

Key behavioral skills and attributes required to fulfill this role:

• Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues
• Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)
• Ability to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Ability to plan and prioritise
• High level of accountability
• Willing to learn and grow

The incumbent will have an added advantage if he/she has the set skills listed below

• Knowledge of IFRS and Regulatory Solvency valuations
• Prophet experience
• SQL and Python programming skills
• Advanced MS Excel skills