Senior Actuarial Manager: OMART Insure at Old Mutual South Africa

Job Description

The Recruitment Process

• TA Interview: This will be a discussion with a member of the Talent Acquisition Team to give you an understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you more and ensure OMI can meet your career aspirations.
• Panel Interview: This will be with 2 members of the Senior Leadership of the Actuarial Team and 1 member of the HC Leadership Team.
• Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with MIE & Internal Verification.

Responsibilities

• Actuarial Analysis, Assumptions and Insights
• Manage the creation and presentation of complex, high-quality actuarial analyses, assumptions, insights, and management reports, providing guidance to others in complex or ambiguous situations to support business decision-making and/or business performance evaluation. Perform complex statistical analysis to enable data analysis.
• Actuarial Model Creation and Maintenance
• Manage the development and maintenance of actuarial models for a significant product line, ensuring full integration with wider business models to enable actuarial analysis, financial reporting, and regulatory compliance.
• Actuarial Product Development & Management
• Develop proposals for significant or complex new products and for the improvement and management of existing products that create competitive advantage, that are viable in relation to the organization's risk appetite and financial objectives, and that meet regulatory requirements.
• Actuarial Financial Reporting
• Manage the production of statutory and non-statutory actuarial financial information, reports, and other disclosures relating to, for example, a product line, local legal entity, or market segment.
• Leadership and Direction
• Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these tenets and do extraordinary things to achieve local business goals.
• Performance Management
• Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.
• Organizational Risk Management
• Manage a significant portion of the organization's risk, financial management and/or control process.
• Compliance
• Monitor and review performance and behaviors within area of responsibility to identify and resolve non-compliance with the organization's policies and relevant regulatory codes and codes of conduct.
• Organizational Capability Building
• Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Provide informal training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.
• Competencies
• Balances Stakeholders
• Builds Effective Teams
• Builds Networks
• Business Insight
• Communicates Effectively
• Decision Quality
• Ensures Accountability
• Financial Acumen

Education

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

Closing Date

• 21 January 2025 , 23:59