Senior Financial Software Engineer (Actuarial Modernization Lead)

Old Mutual Life Assurance Company (SA) Ltd; Johannesburg; On-site; ZAR 900,000 - 1,600,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd in Johannesburg is seeking an experienced professional to drive the modernisation of the actuarial environment. The role bridges actuarial, IT and data to simplify modelling, valuation and reporting through automation and scalable data solutions.

You will translate complex business challenges into practical technology solutions, shaping the future of actuarial processes within financial services and collaborating with governance forums and senior

Qualifications

• Experience as a Situated Software Engineer delivering enterprise-grade software.
• Experience managing Group IT requirements as a Situated IT Software Engineer.
• 6+ years' life insurance/financial services experience is a plus.
• Education: relevant degrees including actuarial, engineering, computer science or similar.
• Post graduate quantitative finance qualification is a strong advantage.
• Proficiency in analytics, data modelling and reporting techniques.

Responsibilities

• Lead the reimagination of our actuarial reporting value chain and build a sustainable, future-fit actuarial environment.
• Develop and execute the actuarial modernisation roadmap aligned to business and actuarial strategy.
• Influence actuarial modernisation priorities through governance forums and senior management.
• 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.

Skills

Software engineering

IT governance

Enterprise software

Data modeling

BI analysis

Data analysis

Numerical aptitude

Problem solving

Education

Masters degree (NQF Level 9)

Tools

Analytics software

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 Old Mutual Corporate is currently looking for an experienced professional to help drive the modernisation of our actuarial environment. You’ll work across Actuarial, IT and Data to simplify modelling, valuation and reporting processes by leveraging automation, modern technology and scalable data solutions. This role is ideal for someone who enjoys translating complex business challenges into practical technology solutions and wants to play a key role in shaping the future of actuarial processes within financial services.

Responsibilities

• Lead the reimagination of our actuarial reporting value chain and build a sustainable, future-fit actuarial environment.
• 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.

Translate business problems into practical, scalable, and maintainable technical solutions. Own solutions from concept and requirements through to development, testing, implementation, and support. Continuously improve operational processes, automation solutions, and processing infrastructure.

Minimum Qualifications, Skills and Experience required

• Experience as a Situated Software Engineer, converting expert technical requirements into enterprise grade software solutions.
• Experience with managing Group IT requirements as a Situated IT Software Engineer.
• Additional benefit if this experience is in Old Mutual Financial services experience, with a preference for life company experience 6+ years of experience.
• Qualifications Relevant degrees, including actuarial, engineering, computer science or similar.
• Post graduate quantitative finance qualification will be a strong advantage.
• Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretations, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis Techniques.
• Competencies Business Insight Cultivates Innovation Manages Complexity Optimizes Work Processes Situational Adaptability Strategic Mindset.
• Education NQF Level 9 – Masters.
• Closing Date 19 November 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.