Actuarial Business Partner

Old Mutual Life Assurance Company (SA) Ltd; Cape Town; On-site; ZAR 1,100,000 - 1,700,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd is seeking a commercially minded actuary to lead actuarial and strategic financial coordination across the Life & Savings Cluster CFO reporting, planning, forecasting and governance cycles.

The role requires coordinating with BU CFOs, Finance Business Partners and Group teams to deliver concise executive commentary and drive governance under IFRS 17, EV/RoGEV and value-based metrics.

Qualifications

• Qualified actuary with 8–10 years’ actuarial experience across financial reporting and planning.
• Strong understanding of IFRS 17, EV/RoGEV, and value metrics.
• Proven ability to influence senior stakeholders without direct authority.
• Excellent written and verbal communication for executive reporting.

Responsibilities

• Lead actuarial and financial coordination across reporting, planning, forecasting and governance cycles.
• Translate results into concise analysis and executive commentary for CFO and ExCo decisions.
• Coordinate inputs between Group, L&S Cluster, and BUs to reduce duplication and rework.
• Drive AFF governance forums and ensure effective Actuarial Control Cycle.
• Provide specialist input on IFRS 17, EV, capital and business performance.

Skills

Analytical Thinking

Computer Literacy

Data Compilation

Data Controls

Executing Plans

Information Management

Insurance Product Management

Insurance Sales

Legal Practices

Market Analysis

Numerical Aptitude

Risk Management Competencies

Education

Masters

Job description

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This newly created role in the Office of the Life & Savings (L&S) Cluster CFO leads actuarial and strategic financial coordination across the Cluster’s reporting, planning, forecasting and governance cycles. The role is responsible for driving the effective delivery of the L&S CFO agenda. This is a broad, high-exposure role suited to a commercially minded actuary who can coordinate across businesses, influence senior stakeholders and translate complex technical information into clear insights for decision making. The Business Partner will integrate the L&S financial and actuarial views, ensuring that results, plans and forecasts are complete, consistent and supported by clear executive commentary. The role aligns inputs from BU CFOs, Finance Business Partners, Finance Actuaries and Proposition Heads, as well as Group teams, and ensures appropriateness of assumptions within reporting and planning cycles. The role manages the L&S Actuarial and Financial Forum (AFF), ensuring that material issues arising from the actuarial control cycle are identified, clearly articulated, escalated and assigned to the appropriate accountable function.

L&S CFO BAU support. Lead actuarial and financial coordination for the L&S CFO across the recurring reporting, planning, forecasting and performance-management cycle. Translate results, plans and forecasts into concise analysis and commentary that informs CFO and ExCo decisions. Act as the coordinating link between Group, the L&S Cluster and the BUs, aligning priorities and inputs to reduce duplication, conflicting requests and rework.

Reporting and business planning. Direct the coordination of L&S inputs into monthly, interim and year-end reporting, producing clear and consistent commentary for internal reporting and Group-led external reporting. Integrate the L&S business plan and forecasts, explain the main earnings, value, capital, cash, expense and volume drivers, and challenge the completeness and consistency of assumptions. Escalate material performance issues or assumptions requiring deeper review to the appropriate accountable function. Manage expense and cost savings related reporting.

Actuarial and financial governance. Drive effective AFF and related governance forums through focused agendas, rigorous review, clear escalation, decision records and disciplined action tracking, ensuring effective functioning of the Actuarial Control Cycle across the Cluster. Ensure that material experience, valuation, capital and reporting issues are surfaced through AFF and assigned to the appropriate accountable function. Establish consistent definitions, methods, controls and reporting expectations across L&S, while execution remains with the relevant BU or specialist team.

Performance insight and specialist support. Identify material performance issues through reporting, planning and actuarial governance, and recommend appropriate follow-up. Provide technical actuarial and commercial input on finance initiatives requiring judgment across IFRS 17, EV, capital and business performance. Lead competitor analysis across major South African insurers, translating peer results into actionable insights.

Requirements

Qualified actuary with at least 8–10 years’ actuarial experience, including substantial post-qualification experience. Strong experience in financial and actuarial reporting, business planning, forecasting and executive commentary within life and savings. Broad understanding of the actuarial control cycle and of life and savings products, valuation, capital and value metrics, including IFRS 17, EV/RoGEV, VNB and SAM/Solvency. Sound commercial judgement, with the ability to interpret technical analysis, identify material issues and explain implications clearly. Excellent written and verbal communication skills, with the ability to produce clear reporting commentary and executive narrative from complex information. Proven ability to coordinate and influence senior stakeholders across BUs, L&S and Group without relying on direct authority. Strong planning, prioritisation and stakeholder-management skills, with the ability to work across multiple businesses and reporting cycles.

• Analytical Thinking
• Computer Literacy
• Data Compilation
• Data Controls
• Executing Plans
• Information Management
• Insurance Product Management
• Insurance Sales
• Legal Practices
• Market Analysis
• Numerical Aptitude
• Risk Management Competencies

Balances Stakeholders Builds Networks Business Insight Collaborates Communicates Effectively Decision Quality Drives Results Ensures Accountability

Education NQF Level 9 – Masters

Closing Date 05 October 2026 , 23:59 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.

Old Mutual Story

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.