Senior Actuarial Specialist at Old Mutual South Africa

Job Description

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

An exciting opportunity exists within the Personal Finance Actuarial team.  

The successful candidate will form part of a high-performing team and will be supporting the implementation of IFRS17 in Personal Finance as well as assisting with the production of the Financial, Capital and Risk reporting output for Published and Regulatory Reporting.

This role will provide the opportunity to develop in-depth knowledge of OM products and the implementation and transition to IFRS17 reporting.  The position will further offer regular opportunities to engage with and present results and outcomes to various stakeholders and management at a senior level.

Key Results Area:

• IFRS 17 implementation and Transition to BAU:  Assist with implementation of IFRS 17 in Personal Finance as well as analyzing and effectively explaining key drivers of results to management.

• Finance & Risk Reporting, Capital and business insights:  Performing and reviewing regular quarterly valuations for financial reporting and submissions to the regulator.

• Process and model improvement:  Critically Reviewing current processes and actuarial models with a view of continuous improvement

• Projects: Support the delivery of relevant projects objectives as and when these arise.

• Collaboration and Business Insights:  Extract insights and understand the drivers of key financial metrics for business consideration.  Effectively collaborate with business and other specialized areas such as Accounting, Product Development and Balance Sheet Management

Requirements: Skills, Qualifications and Experience required:

• Senior actuarial student or nearly qualified actuary 

• Substantial actuarial experience 

• Strong technical skills

• Strong detail orientation couples with the ability to see the “big picture” 

• Interest in financial modelling software

• Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues

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

• Ability to complete tasks within agreed timelines and drive projects to completion with minimal guidance

• Ability to plan and prioritize

• High level of accountability

• Willing to learn and grow

Please note that the appointment may be made at a lower role size depending on the successful candidates’ experience.