Senior Financial Software Engineer (Actuarial Modernization Lead) at Old Mutual South Africa

Job Description

• Old Mutual Corporate is currently looking for an experienced professional to help drive the modernisation of our actuarial environment. You’ll work across Actuarial, IT and Data to simplify modelling, valuation and reporting processes by leveraging automation, modern technology and scalable data solutions.
• This role is ideal for someone who enjoys translating complex business challenges into practical technology solutions and wants to play a key role in shaping the future of actuarial processes within financial services.

Responsibilities:

• Lead the reimagination of our actuarial reporting value chain and build a sustainable, future-fit actuarial environment.
• Develop and execute the actuarial modernisation roadmap aligned to business and actuarial strategy.
• Influence actuarial modernisation priorities through engagement with senior management and governance forums.
• Identify opportunities to simplify and optimise actuarial modelling, valuation and reporting processes.
• Lead initiatives that reduce operational complexity, manual intervention and risk across actuarial processes.
• Test and develop modern actuarial technologies, platforms and automation capabilities.
• Champion best practice architecture, reusability and standardisation.
• Partner with enterprise data teams to align actuarial solutions with broader data strategy.
• Drive integration between actuarial models, data platforms and reporting environments.
• Ensure embedment of new solutions via training and knowledge share with production teams
• Liaise with stakeholders across the group as well as external parties to source solutions and develop best practice methodology

Key Result Areas / Outputs:

• Reduction in actuarial reporting cycle times.
• Increased automation of valuation and reporting processes.
• Simplified and standardised reporting architecture.
• Enhanced process governance and auditability.
• Measurable reduction in key-person dependencies.
• Implementation of scalable actuarial data and reporting solutions 
• Translate business problems into practical, scalable, and maintainable technical solutions. 
• Own solutions from concept and requirements through to development, testing, implementation, and support. 
• Continuously improve operational processes, automation solutions, and processing infrastructure.

Minimum Qualifications, Skills and Experience required:

Skills and Experience

• Experience as a Situated Software Engineer, converting expert technical requirements into enterprise grade software solutions
• Experience with managing Group IT requirements as a Situated IT Software Engineer. Additional benefit if this experience is in Old Mutual
• Financial services experience, with a preference for life company experience
• 6+ years of experience

Qualifications

• Relevant degrees, including actuarial, engineering, computer science or similar. Post graduate quantitative finance qualification will be a strong advantage

Skills

• Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretations, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis Techniques

Competencies

• Business Insight
• Cultivates Innovation
• Manages Complexity
• Optimizes Work Processes
• Situational Adaptability
• Strategic Mindset

Education

• NQF Level 9 – Masters

Closing Date

• 19 November 2026