Senior Actuarial Supervisor - Product and Pricing Enablement

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

Job summary

Old Mutual in Johannesburg invites an experienced actuary to join the Retail Mass Market Product and Pricing team. You will oversee product development, pricing, experience analysis and strategic initiatives to deliver customer value and sustainable growth.

The role suits a commercially minded actuary who thrives on complex problems, cross-functional collaboration and influencing business decisions across Customer Proposition, Finance, Legal and IT. IFRS 17 knowledge is advantageous.

Qualifications

• Qualified or nearly qualified actuary.
• 6+ years of actuarial experience in life insurance or protection products.
• Experience in product development, pricing and/or experience investigations.
• Good understanding of life insurance products and profitability drivers.
• IFRS 17 knowledge will be advantageous.
• Appointment may be made at a lower role size based on experience and exam progress.

Responsibilities

• Support the development and enhancement of protection products.
• Perform pricing reviews, recommend and implement product and pricing changes.
• Conduct experience investigations and provide actionable insights.
• Monitor product performance and identify opportunities for improvement.
• Support strategic projects and business priorities across the Protection Product team.
• Collaborate with stakeholders across Customer Proposition, Finance, Correspondence, Legal, IT and Servicing.
• Assist with the implementation, testing and governance of product and pricing changes.
• Lead, manage and develop team members, fostering a high-performing and collaborative team.

Skills

Analytical skills

Problem solving

Stakeholder management

Commercial awareness

Communication

Cross-functional collaboration

Strategic thinking

Accountability

Education

Bachelor of Science (BSc): Actuarial Science

Tools

Prophet

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

About the Role

Join Old Mutual's Retail Mass Market Product and Pricing team and help shape the future of protection solutions in South Africa. You will oversee and drive product development, pricing, experience analysis and key strategic initiatives, helping deliver solutions that create meaningful customer value and support sustainable business growth.

This role is ideal for a commercially-minded actuary who enjoys solving complex problems, working across multiple stakeholders and influencing business decisions.

Key Responsibilities

• Support the development and enhancement of protection products.
• Perform pricing reviews, recommend and implement product and pricing changes.
• Conduct experience investigations and provide actionable insights.
• Monitor product performance and identify opportunities for improvement.
• Support strategic projects and business priorities across the Protection Product team.
• Collaborate with stakeholders across Customer Proposition, Finance, Correspondence, Legal, IT and Servicing.
• Assist with the implementation, testing and governance of product and pricing changes.
• Lead, manage and develop team members, fostering a high-performing and collaborative team.

Qualifications & Experience

• Qualified or nearly qualified actuary.
• 6+ years of actuarial experience in life insurance or protection products.
• Experience in product development, pricing and/or experience investigations.
• Good understanding of life insurance products and profitability drivers.
• IFRS 17 knowledge will be advantageous.
• Please note: the appointment may be made at a lower role size depending on the successful candidates' experience and exam progress.

Technical Skills

• Strong analytical and problem-solving skills.
• Advanced Excel skills.
• Experience with Prophet or similar actuarial modelling tools.
• SQL or Python experience will be advantageous.

Personal Attributes

• Commercially aware and customer focused.
• Strong communication and stakeholder management skills.
• Able to balance strategic thinking with hands-on delivery.
• Self-motivated, adaptable and accountable.
• Comfortable managing multiple priorities and deadlines.

Why Join Us?

This is an opportunity to work across the full protection product value chain, from product design and pricing to performance management and strategic delivery. You'll partner with senior leaders, influence key business decisions and help shape products that make a meaningful difference to customers' lives.

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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

18 September 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!