Senior Actuarial Specialist

Old Mutual Life Assurance Company (SA) Ltd; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd seeks an actuarial student with 9 exam credits and at least 2 years of actuarial experience to join the Personal Finance Actuarial Valuations team. The role focuses on producing financial, capital and risk reports, embedding IFRS 17, and driving continuous improvement across processes and models.

You will develop technical and analytical skills, engage with various stakeholders and present outcomes.

Qualifications

• Actuarial student with 9 exam credits.
• At least 2 years actuarial experience.
• Strong technical skills.
• Interest in financial modelling software.
• Knowledge of IFRS 17 and Regulatory Solvency valuations is an added advantage.

Responsibilities

• Prepare and review financial, capital and risk metrics for published, regulatory and internal reporting.
• Extract insights and understand drivers of key financial metrics for business decisions.
• Review processes and models for robustness and continuous improvement.
• Support project objectives as they arise.

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

Education

NQF Level 7 Degree or higher

Tools

SQL

Python

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 Personal Finance Actuarial Valuations team (focussing on Annuity products). The successful candidate will have an excellent opportunity to develop their technical and analytical skills. Particularly playing a key role in the production of Financial, Capital and Risk reporting output for Published and Regulatory Reporting, the embedment of IFRS 17 and its accompanying processes. This role will provide the opportunity to develop in-depth knowledge of OM Personal Finance products. It offers opportunities to engage with and present results and outcomes. Our leaders have a wealth of knowledge and experience and are passionate about mentoring and imparting knowledge. Our high-performance team culture is based on mutual respect and collaboration.

Key Result Areas:

• Financial & Risk reporting: Work with the actuarial team to prepare and review financial, capital, and other risk metrics for published, regulatory and internal reporting with appropriate supporting analysis and commentary. The candidate will get exposure to the following (amongst other things): IFRS 17 standard SAM guidelines EV principles Business insights.
• Business insights: Extract insights and understand the drivers of key financial metrics for business consideration. Effectively collaborate with business and other specialized areas such as Accounting, Product Development and Balance Sheet Management.
• Process and model improvement: Critically review existing processes and models to ensure that these are robust, efficient and fit for purpose. Drive synergies, standardisation and continuous improvement, and ensure the control environment is adequate and effective.
• Projects: Support the delivery of relevant project objectives as these arise.

Requirements:

• Actuarial student with 9 exam credits
• At least 2 years actuarial experience
• Strong technical skills
• Strong detail orientation coupled with the ability to see the “big picture”
• Interest in financial modelling software

The incumbent will have an added advantage if he/she has the experience listed below Knowledge of IFRS 17 and Regulatory Solvency valuations Life Insurance Prophet skills SQL and Python programming skills Advanced MS Excel skills.

Key behavioural skills and attributes required to fulfil this role:

• Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues
• Ability to communicate effectively (written and verbal)
• Ability to complete tasks within agreed timelines and drive projects to completion with minimal guidance
• Ability to plan and prioritise
• High level of accountability
• Willing to learn and grow undefined

Competencies

• Strategic Innovation
• Leading with Influence
• Collaboration
• Customer First
• Execution
• Personal Mastery undefined

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

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

Closing Date 08 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.

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.