Junior Actuarial Specialist at Old Mutual

Job Description

An exciting opportunity exists in the Old Mutual Wealth (OMW) Product Development team. The team sits within the OMW business and works closely with all parts of the business from distribution through to servicing, IT, customer solutions and finance.

The OMW Product Development team looks after Old Mutual’s range of retail investment platform products for the high income and high net worth market. The team is responsible for developing and enhancing products as well as ongoing management and monitoring of the products. The team is involved in lots of project work, and are knowledge experts for retail investment platform products (single premium investments, retirement savings and annuities), providing support to various parts of the business.

This role will support the product development team in the strategic project and product work being done, as well as assisting others in the business with issues affecting clients and financial planners. It involves a combination of technical problem solving work, while being able to collaborate (and needing to communicate) both within and outside of the team.

In this role you will work alongside the experienced product development team members – supporting them and tapping into their knowledge and skills. You will assist with the developments the team is involved in, sourcing and providing input to assist with decisions, and testing developments to ensure accuracy before they are made available to clients and financial planners. You will also work on your own, monitoring and managing certain aspects of the existing products. This includes providing support to the rest of the business on these products. You will be able to engage with and learn from the rest of the product development team as you progress through this work.

• Data work to support projects and developments:

  • Extracting data, aggregating it with data from alternative sources, and manipulating the data so that it can be used for analysis.

  • Analysis of data will be done in collaboration with team members and will be used to inform strategic decisions relating to product developments and projects.  

• Product testing:

  • Testing product developments and enhancements for accuracy and alignment to intended outcomes, before they are made available to clients and financial planners.

• Regular product monitoring:

  • Monitoring key product metrics to ensure products are meeting their proposed targets and remain appropriate for the intended customer segment; and highlighting any issues that may arise.

  • Implementing and monitoring controls to ensure that products, rules and fees are performing as intended; and highlighting any issues that may arise.

• Product management and queries: 

  • Providing technical product input to, and reviewing technical product material for other teams in the OMW business.

  • Providing technical support for client and financial planner queries that require more thorough knowledge or calculations.

  • Managing the workflow of queries and calculations, including engaging with those requesting to align on timelines.

• Ad-hoc investigations:

  • Investigate issues that arise from time to time, including managing timelines with the person who requested it, and presenting the findings of the investigation in a clear manner that is appropriate and understandable for the requestor.

Requirements: Skills, Qualifications and Experience required

• Actuarial student with at least 7 actuarial exemptions

• Strong technical skills and attention to detail

• Good problem solving skills

• Ability to collaborate effectively with others

• Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)

• Strong stakeholder engagement skills

• Quick learner with an energetic and pro-active attitude

• Ability to successfully manage several priorities at once