Actuarial Manager - OMAR Growth Markets

Old Mutual; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading financial services company in Johannesburg is seeking a qualified Actuary with at least 8 years of relevant experience. The successful candidate will lead a team of actuaries, deliver financial reporting results, and provide strategic insights for business initiatives. Strong technical skills and the ability to communicate effectively with diverse audiences are essential. An understanding of IFRS17 is advantageous.

Qualifications

• Qualified Actuary with at least 8 years' relevant valuation experience.
• Ability to think strategically and provide business insights.
• Strong technical skills and attention to detail.
• IFRS17 implementation experience would be an advantage.
• Ability to communicate effectively to diverse technical and non-technical audiences.

Responsibilities

• Lead a team of actuaries and manage their performance.
• Deliver valuation results covering IFRS profits and metrics.
• Provide strategic support to business initiatives.
• Ensure processes are efficient and robust.
• Support delivery of relevant project objectives.

Skills

Action Planning

Adaptive Thinking

Agile Project Management

Data Compilation

Financial Acumen

Risk Management

Education

Bachelor of Science (BSc): 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

An exciting opportunity exists within the Old Mutual Africa regions (OMAR) actuarial team that offers exposure to an interesting combination of technical and business issues. This is an opportunity to participate in OMAR’s growth markets – Botswana, Kenya, Uganda, Ghana, and eSwatini.

Reporting to the Finance Actuary of OMAR, the role requires sound technical knowledge of Financial Reporting requirements and OMAR product range, with strong planning and delivery focus. In this role, you will lead a team of actuaries.

• Financial, Business & Risk Reporting: Effective and timeous delivery of valuation results covering IFRS profits, value measures, solvency and risk metrics for different stakeholders including: In-country management, OMAR Central, Head of Life Businesses, OML Group Actuarial reporting, OMAR Enterprise risk management, Balance Sheet Management and the Office of the Chief Actuary

• Business Planning & Forecasting: Provide actuarial modelling and other input into the segment business plan, and other strategic initiatives.

• Process efficiency and automation: Ensure processes are efficient, robust, fit for purpose and operated within an adequate and effective control environment.

• Ad-hoc projects: Support the delivery of relevant project objectives, as and when these arise.

• Business support: Use actuarial knowledge and skills to provide strategic support to the business and individual OMAR countries on various projects.

• Leading a team – manage, train and mentor an actuarial team.

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.

Requirements: Skills, Qualifications, Experience required

• A qualified Actuary with at least 8 years’ relevant valuation experience.

• Ability to think strategically and provide business insights.

• Strong technical skills and attention to detail.

• IFRS17 implementation experience would be an advantage.

• Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal).

• Experience leading a team.

• Strong stakeholder engagement skills.

• Ability to collaborate effectively with others.

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 Decision Quality Ensures Accountability Financial Acumen

Education

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

Closing Date

31 August 2025 , 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!