Intermediate Actuarial Specialist-Western Cape at Old Mutual

Job Description

The Mass and Foundation Cluster (MFC) Actuarial Finance team has an exciting opportunity for a suitably qualified individual to play a key role in the valuation space. The team is responsible for financial reporting (IFRS, MCEV and SAM), maintaining (coding and peer review) of Prophet and DCS models, and supporting robust forecasting, business planning and monthly reporting for the segment.

The role will grant you exposure to the valuations environment where you can develop sound technical knowledge. The successful candidate will provide support for the end to end reporting processes for the MFC Risk and Savings product range. The incumbent will be required to continually support and improve existing methods, models and processes. The role will participate in various projects, including IFRS 17 implementation. The candidate will also provide support to reporting of the results with appropriate analysis and insights to drive decision making within the MFC space.

Key Results Areas

• Financial reporting - Ensure that valuation results are produced accurately, within agreed deadlines (IFRS/FSV, MCEV and SAM reporting). Assist with quantifying the financial impacts of experience investigations
• Capital management – Support for producing capital calculations accurately and on time
• Bonus declarations – Support for producing calculations that can assist the valuations manager in recommending bonus rates
• Business planning / forecasting – Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the OML strategy (by providing the necessary technical calculations)
• Investigations – Undertake investigations (on behalf of Business Partner, Finance Actuary and Actuarial Manager) as will be delegated to you
• Models – Support the owners of Prophet and DCS models
• Continuous improvements – Enhancements of models and processes that produce IFRS/FSV, MCEV and SAM reporting
• IFRS 17 implementation: Participation in the segment’s involvement in the IFRS 17 project and the transition of reporting into BAU.
• General – Assist in ensuring actuarial processes are efficient and assist in ad-hoc projects when required.

Requirements: Skills, Qualifications and Experience required

• Actuarial student with minimum 7 actuarial exams (exceptional candidates not meeting this requirement may be considered as well)
• Strong technical skills
• Strong detail orientation
• Excellent communication skills (both written and verbal)
• Motivated self-starter who shows initiative, is proactive, looks for ways to improve
• Able to complete tasks within agreed timelines
• Interest in financial modelling software
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability