Intermediate Actuarial Specialist at Old Mutual South Africa

Key Result Areas

Financial Reporting:

• Ensure that valuation results (IFRS17 profits, Embedded Value and Value of New Business) are produced accurately, within agreed deadlines and with appropriate supporting commentary.
• Ensure timely and accurate delivery of capital numbers covering both in-country regulatory capital requirements and SAM reporting for Old Mutual Group.
• Ownership of the custom-built Prophet models, plus other models, for calculation of liabilities, embedded value and capital in various African countries.
• Presenting quarterly results to Finance Actuary, Line 2 and Line 3 actuaries.

General

• Ensure that all actuarial processes are performed as efficiently as possible, finding and delivering continuous process improvement and standardisation opportunities as well as ensuring processes are performed with appropriate controls.

Requirements: Skills, Qualifications and Experience required

• Actuarial student with a minimum of 9 exam credits and 2 years’ work experience (exceptional candidates not meeting the requirement will be considered)
• IFRS17 experience added advantage
• Advanced MS Excel skills
• Data management, modelling and controls

Competencies

• Motivated self-starter
• Takes initiative
• Ability to interact effectively with people at all levels of the organisation
• Ability to complete tasks within agreed timelines with minimal guidance
• Strong technical skills (especially with valuations experience in Prophet)
• Attention to detail
• Excellent people skills
• Ability to work in a team
• High levels of drive, energy, and innovation who are willing to learn and grow
• Innovation
• Collaboration
• Execution
• Personal Mastery
• Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience

Skills

• Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk Management

Competencies

• Action Oriented
• Balances Stakeholders
• Builds Networks
• Business Insight
• Collaborates
• Communicates Effectively
• Cultivates Innovation
• Decision Quality

Education

• Bachelor of Science (BSc): Actuarial Science (Required)

Closing Date

• 25 September 2026 , 23:59