Senior Actuarial Specialist at Old Mutual South Africa

Job Description

• The Mass and Foundation Cluster (MFC) Actuarial Finance team has an exciting opportunity for a suitably qualified individual to play a key review and thought leadership 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.

Role Overview

• Reporting to the Valuations Manager, the role will allow you to develop sound technical knowledge and grant exposure to coaching.  The successful candidate will be accountable for the end to end reporting process for the MFC Savings product range, from ownership of the actuarial model to reporting of the results to senior stakeholders with appropriate analysis and insights to drive decision making that helps achieve the MFC strategy.  The incumbent will be required to continually review and improve existing methods and processes. The role will participate in various projects, including IFRS 17 implementation, which will present opportunities to develop further insights and influence reporting within and across the business and finance community.

Requirements

• Qualified actuary or actuarial student with minimum 11 actuarial exams
• At least 4 years actuarial experience
• Strong technical skills
• Strong detail orientation coupled with the ability to see the “big picture”
• 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 and drive projects to completion with minimal guidance
• Interest in financial modelling software
• Ability to plan and prioritise
• Willing to learn and grow
• High level of accountability

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

• Previous valuation experience will be an advantage. 
• Prophet or DCS (or similar modelling) experience will be an advantage.

Skills

• Advanced Microsoft Excel Skills, Communication Skills, Critical thinker, Excellent organizational, planning and prioritizing skills, MS Office Skills

Education

• Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science (Required)