Actuarial Expert

Old Mutual; Cape Town; On-site; ZAR 1,200,000 - 1,900,000; Full time

Job summary

Old Mutual in Cape Town seeks a nearly-qualified Actuary to lead client strategy ownership for a portfolio within OMCC. The role evolves as the function expands, delivering commercial insights and oversight of consulting services across retirement, medical, and actuarial fields.

You will build strong relationships with trustees and management committees, drive product and service enhancements, ensure compliance, and manage budgets while targeting retention and growth in a dynamic insurance

Qualifications

• A nearly-newly qualified Actuary with extensive insurance experience.
• MBA or commercial qualification would be advantageous.
• 10 years track record in Employee Benefit, Actuarial and Post-retirement medical aid/pensions outsourcing.
• Track record in client relationship management at c-suite level.

Responsibilities

• Sets the strategic consulting direction and client ownership for a portfolio of OMCC clients, which feeds into broader OMCC consulting strategy.
• Manages the implementation of the strategy, monitors the results and adjusts the strategy as required.
• Full accountability for the provision, by OMCC consultants or self, of post-retirement medical aid consulting, general, actuarial, consulting, communication, group assurance and legal consulting services to existing / new clients.
• Develops, leads and manages OMCC Consultant client strategy
• Actively forms part of the product development an enhancement process for OM Corporate to stay abreast of market changes.
• Ensures that systems and processes are aligned with legislative requirements.
• Ensures strong relationships with clients/trustees and management committees to reduce business risk, ensure retention and identification of opportunities for new business.
• Manages the expense and income budgets.
• Sources and implements continuous improvement in service delivery.
• Resolves top-level service delivery problems where OMCC Consultants need assistance and support.
• Intervenes in and resolves conflict situations.
• Ensures consistency in communication to clients.
• Ensures strong relationship with trustees/management committees and clients so as to reduce business risk, ensure retention and identify opportunities for new business.
• Manages and delivers consulting and advise services according to contracted service levels.
• Responsible for retention and growth of business against targets.
• Markets new and enhanced products and services to clients.
• Works together with sales teams in the new business process

Skills

Action Planning

Adaptive Thinking

Agile Project Management

Data Compilation

Data Controls

Executing Plans

Financial Acumen

Identifying Customer Needs

Information Management

Insurance Product Management

Insurance Sales

Legal Practices

Negotiation

Policies & Procedures

Risk Management

Workflow Management

Education

Bachelor of Science (BSc): Actuarial Science (Required)

Job description

Description

This role is individually accountable for setting the client strategy ownership, for a portfolio of clients which feeds into the broader OMCC strategy.
The role is not static and will evolve as continue to expand the function, driving commercial insights and the effective management of a portfolio of clients.

Key Result Areas / Outputs

• Sets the strategic consulting direction and client ownership for a portfolio of OMCC clients, which feeds into broader OMCC consulting strategy.
• Manages the implementation of the strategy, monitors the results and adjusts the strategy as required.
• Full accountability for the provision, by OMCC consultants or self, of post-retirement medical aid consulting, general, actuarial, consulting, communication, group assurance and legal consulting services to existing / new clients.
• Develops, leads and manages OMCC Consultant client strategy
• Actively forms part of the product development an enhancement process for OM Corporate to stay abreast of market changes.
• Ensures that systems and processes are aligned with legislative requirements.
• Ensures strong relationships with clients/trustees and management committees to reduce business risk, ensure retention and identification of opportunities for new business.
• Manages the expense and income budgets.
• Sources and implements continuous improvement in service delivery.
• Resolves top-level service delivery problems where OMCC Consultants need assistance and support.
• Intervenes in and resolves conflict situations.
• Ensures consistency in communication to clients.
• Ensures strong relationship with trustees/management committees and clients so as to reduce business risk, ensure retention and identify opportunities for new business.
• Manages and delivers consulting and advise services according to contracted service levels.
• Responsible for retention and growth of business against targets.
• Markets new and enhanced products and services to clients.
• Works together with sales teams in the new business process

Qualifications, Skills and Experience:

• A nearly-newly qualified Actuary with extensive insurance experience.
• MBA or commercial qualification would be advantageous.
• 10 years track record in Employee Benefit, Actuarial and Post-retirement medical aid/pensions outsourcing.
• Track record in client relationship management at c-suite level.

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Skills

Action Planning, Adaptive Thinking, Agile Project Management, Data Compilation, Data Controls, Executing Plans, Financial Acumen, Identifying Customer Needs, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Negotiation, Policies & Procedures, Risk Management, Workflow Management

Competencies

Balances StakeholdersBuilds Effective TeamsBuilds NetworksBusiness InsightCommunicates EffectivelyDevelops TalentDirects WorkDrives Results

Education

Bachelor of Science (BSc): Actuarial Science (Required)

Closing Date

11 November 2026 , 23:59