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

Requirements include

Currently studying Honours in Actuarial Science at an ASSA Accredited University

Solid exemptions

Compulsory completion of this form: https://forms.office.com/Pages/DesignPageV2.aspx?rpring=Business&rpsession=e39c4148-e286-455c-8b3a-a55448c999c2&subpage=design&FormId=84XqnHOlKkyAcZKIs8aDtaC-Sde78LZCrmSnPwZQ0k1URFo2VFI3OVZTOFpYQ05VQTJUM0Y2MkxLUy4u&Token=a35a3f91e1864f54b482923f6c20de35

The Recruitment Process

TA Interview: This will be a discussion with our Senior Talent Acquisition Specialist to give you an understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you more and ensure OMI can meet your career aspirations.

Panel Interview: This will be with several members of the Senior Leadership of the Actuarial Community and the Senior Talent Acquisition Specialist.

Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with the Vetting Process.

Final Feedback.

All About OMI:

https://www.oldmutual.co.za/about/old-mutual-insure/

https://www.linkedin.com/posts/old-mutual-insure_i-work-at-old-mutual-insure-of-course-activity-7161674472469524483-w0j6?utm_source=share&utm_medium=member_desktop

Please note that, unfortunately, we cannot accept any applications after the closing date

Performs assignments of a variety actuarial-related tasks, e.g., compilation and analysis of losses and reserves. Develops and enhances procedures including review for actuarial soundness. Analyzes completed work for reasonableness and accuracy, and may recommend specific courses of action.

Actuarial Analysis, Assumptions and Insights

Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights. Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.

Actuarial Financial Reporting

Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.

Actuarial Model Creation and Maintenance

Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.

Actuarial Product Development & Management

Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.

Organizational Risk Management

Gather, monitor and analyze risk, financial management and control data and recommend further investigation. Involves using established risk management models, systems and protocols and working under direction.

Actuarial Calculation of Funding Requirement

Carry out specified analysis of funding contributions, like employee benefit programs, to support the evaluation of future funding requirements.

Compliance

Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.

Improvement/Innovation

Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.

Skills

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

Competencies

Action OrientedBalances StakeholdersBuilds NetworksCollaboratesCommunicates EffectivelyCultivates InnovationEnsures AccountabilityFinancial Acumen

Education

Bachelor of Science (BSc): Actuarial Science (Required), NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

30 May 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!