Actuarial Expert

Old Mutual Life Assurance Company (SA) Ltd; Johannesburg; On-site; ZAR 1,800,000 - 2,600,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd invites an experienced actuary to lead a portfolio strategy for OMCC clients, delivering actuarial and consulting services while aligning with regulatory requirements.

The role focuses on client relationships at the C-suite level, strategy execution, and growth of business through effective service delivery and collaboration with sales teams.

Qualifications

• Actuarial expertise in employee benefits and pensions.
• Strong client relationship management at c-suite level.
• Experience with consulting services and insurance products.

Responsibilities

• Sets strategic consulting direction and client ownership for a portfolio aligned with OMCC strategy.
• Manages implementation of strategy, monitors results and adjusts as required.
• Delivers post-retirement medical aid, general, actuarial, consulting and legal services to clients.
• Develops and leads OMCC client strategy and contributes to product development.
• Ensures regulatory alignment of systems and processes and maintains trustee relationships.
• Manages budgets and seeks opportunities for new business while retaining existing clients.

Skills

Client relationship management

Data analysis

Negotiation

Risk management

Communication

Education

Bachelor of Science in Actuarial Science

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 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.

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

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.

na 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 Stakeholders Builds Effective Teams Builds Networks Business Insight Communicates Effectively Develops Talent Directs Work Drives Results

Education

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

Closing Date 11 November 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.

The 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.