Intermediate Actuarial Specialist: Retail Protection Product Delivery

Old Mutual; Wes-Kaap; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading financial services company in South Africa is seeking an Actuarial Student to join their Retail Protection Delivery Team. The role involves product management and development in retail protection, requiring strong analytical and communication skills. Candidates should have a minimum of 9 exam credits and relevant experience. The position offers opportunities for growth and is committed to diversity in hiring.

Qualifications

• Actuarial student with a minimum of 9 exam credits and 2 years’ actuarial experience.
• Product development experience would be an added advantage.
• Business acumen and negotiation skills.
• Good interpersonal and communication skills.
• Ability to work independently, as well as in a team.
• Good time management to work towards deadlines.

Responsibilities

• Play a key role in the design and ongoing management of the Retail Protection product range.
• Produce and maintain product specification documents.
• Manage risk and competitiveness of protections products.
• Provide product support on technical product rules, underwriting and/or claims.
• Incorporate regulatory impacts into retail protection products.

Skills

Computer Literacy

Data Compilation

Data Controls

Executing Plans

Information Management

Insurance Product Management

Insurance Sales

Legal Practices

Numerical Aptitude

Risk Management

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

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

The Team

The Retail Protection Delivery Team is responsible for the design, development and maintenance of new and existing retail protection propositions across the lower and middle-to-high income markets in South Africa. Development support is also provided to our Namibian business.

We are passionate about developing simple, yet innovative propositions that are relevant to our customer’s needs, deliver on its promises and ultimately enable our customers to achieve their financial dreams and goals.

Key Result Areas

• Play a key role in the design and ongoing management of the Retail Protection product range
• Produce and maintain product specification documents related to the above
• Manage risk and competitiveness of protections products
• Provide product support on technical product rules, underwriting and/or claims
• Incorporate regulatory impacts into retail protection products
• Work cross-functionally within an Agile team structure to deliver on pre-defined pieces of work and support the technical actuarial aspects of the delivery of solutions including working with teams to break Features into stories and agreeing acceptance criteria.
• Active involvement in certain team meetings: Feature writing (if required), PI planning, all team meetings such as Daily Stand Ups, Sprint Reviews, Sprint Retrospectives, Sprint Planning and Backlog Refinement.

Requirements: Skills, Qualifications and Experience required

• Actuarial student with a minimum of 9 exam credits and 2 years’ actuarial experience
• Product development experience would be an added advantage
• Business acumen and negotiation skills
• Good interpersonal and communication skills
• Ability to work independently, as well as in a team
• Ability to work on a wide range of deliverables over a given period of time
• Good time management to work towards deadlines

Please note: the appointments may be made at a lower role size depending on the successful candidates’ experience and exam progress.

Competencies

• Strategy
• Innovation
• Leading with Influence
• Collaboration
• Customer First
• Execution
• Personal Mastery

Skills

• Computer Literacy
• Data Compilation
• Data Controls
• Executing Plans
• Information Management
• Insurance Product Management
• Insurance Sales
• Legal Practices
• Numerical Aptitude
• Risk Management

Competencies

• Action Oriented
• Balances Stakeholders
• Builds Networks
• Business Insight
• Collaborates
• Communicates Effectively
• Cultivates Innovation
• Decision Quality

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

22 November 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!