Actuarial Modernisation Lead

Old Mutual Life Assurance Company (SA) Ltd; Johannesburg; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd is seeking an experienced actuary to lead the reimagination of our actuarial reporting value chain and build a scalable, future‑fit environment. You will drive the modernization roadmap, engage senior stakeholders, and partner with data teams to automate valuation and reporting while reducing manual effort.

Bring 6+ years in valuation, strong modelling and data skills (SQL/Python/Power BI), and a track record of delivering governance‑driven improvements

Qualifications

• Qualified or nearly qualified actuary with 6+ years in valuation, reporting, systems design or transformation.
• Experience with actuarial valuation environments and modelling software.
• Strong data management and analytics capability (SQL, Python, Power BI).

Responsibilities

• Develop and execute the actuarial modernisation roadmap aligned to strategy.
• Influence priorities via engagement with senior management and governance forums.
• Identify opportunities to simplify modelling, valuation and reporting processes.
• Lead automation initiatives to reduce manual intervention and risk.
• Partner with data teams to align actuarial solutions with data strategy.

Skills

Actuarial valuation environments

Actuarial modelling

SQL

Python

Power BI

Process automation

Cloud-based solutions

Stakeholder engagement

Education

Actuarial qualification (near-fully qualified)

Tools

Power BI

SQL

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 Key responsibilities:

• 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

Qualifications, Skills and Experience:

Technical Skills: Experience with actuarial valuation environments and processes Experience with actuarial modelling software Actuarial data management (SQL, Python, Power BI etc.) Experience with process automation tools and techniques Experience with cloud-based solutions Qualified or nearly qualified actuary with 6 or more years of experience in actuarial valuation, reporting, systems design, architecture or transformation environments

Role Details:

Lead the reimagination of our actuarial reporting value chain and build a sustainable, future-fit actuarial environment. 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 Balances Stakeholders Builds Networks Business Insight Collaborates Communicates Effectively Cultivates Innovation Decision Quality Drives Results

Closing Date 04 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.

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.