Senior Actuarial Supervisor at Old Mutual South Africa

Brief Description

Old Mutual’s Actuarial Development Team is a Centre of Excellence situated in Cape Town and Sandton. The team is responsible for the design, development and maintenance of Actuarial Models, Data Repositories and Process Automation for the Financial Reporting & Pricing functions in Old Mutual’s life assurance businesses across Africa. In addition to focusing on the models, the team is responsible for IT solutions & governances supporting the actuarial models and processes. Meeting IFRS17 actuarial requirements is a significant challenge for the team in the next 2 years or more. These responsibilities require suitably skilled actuaries to deliver.

We are currently looking to fill senior roles in the team.

KRA's
Expected Deliveries Include

An immediate challenge for the team will be developing and implementing efficient modelling & IT solutions and process automation for all business requirements with specific focus on the requirements from the new IFRS17 accounting standard.

• Finding and implementing solutions for modelling and reporting challenges (primarily for IFRS17)
• Designing, implementing and maintaining appropriate IT solutions in support of the actuarial reporting function
• Designing and maintaining databases for the management of all actuarial reporting data
• Working on projects spanning several business units
• Identifying opportunities for standardisation and improved efficiency through automation or process changes
• Implementing and maintaining data and model governances

Job Requirements
To Be Considered For This Role, You Must

• Be a qualified, or nearly qualified actuary, with 5 years relevant experience.
• Knowledge of IFRS17 would be a particular advantage.
• Have creative problem solving skills with the ability to design appropriate models and IT/process solutions to meet business requirements.
• Prophet & database knowledge & skills would be a particular advantage.

Personal Attributes
To Be Considered For This Role, You Must

• Enjoy being a problem solver
• Be passionate about engaging diverse internal clients and meet their needs
• Enjoy modelling and programming
• Be comfortable with IT and data
• Be able to take initiative – this is essential
• Be able to train and supervise others in modelling and processes
• Be able to work independently, as well as in a team
• Be deadline driven and highly motivated.
• Be able to deliver on various responsibilities in parallel

Please note that the appointments may be made at a lower/higher role size depending on the successful candidates’ experience and exam progress

Additional Details
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