Senior Actuarial Specialist

Found in: beBee S ZA - 1 month ago

Johannesburg, South Africa Old Mutual Life Assurance Company (Malawi) Limited Full time
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

Be a part of our business that is growing its footprint across Africa as well as expanding our actuarial presence in Johannesburg. Old Mutual is an insurance giant in Africa, with life insurance entities currently established in Namibia, Swaziland, Zimbabwe, Ghana, Nigeria, Botswana, Malawi, Kenya and Uganda. Our expanding emerging market footprint represents a vast network of opportunity for innovative, creative and motivated individuals to benefit from while they gather unmatched professional experience on the way to becoming a leader in our business.

Key Result Areas
  • Financial Reporting - Consolidation and submission of valuation results (IFRS, MCEV, Assumption changes, RFO and MCEV reports) during interim and year-end reporting periods. Managing engagements, feedback, queries from Group Actuarial.
  • Monthly Reporting - Produce and analyse financial results (IFRS, VNB and APE) for OMAR on monthly basis. Analyse key drivers of financial results and deviations from forecasts. Assist with preparation of MI packs.
  • Business Planning / Forecasting - Collating financial business plans produced in-country to build consolidated OMAR picture. Produce forecasts or estimates of future financial impacts as required.
  • Continuous improvements - Enhancements of consolidation processes.
  • Life line of business engagements - produce monthly reports for OMAR Head of Life line of businesses, participate in Life Assurance Forums
  • Projects - Support the delivery of project objectives.


Requirements: Skills, Qualifications and Experience required
  • Qualified actuary or actuarial student with minimum 11 actuarial exams (exceptional candidates not meeting this criterion may be considered)
  • At least 4 years actuarial experience.
  • Strong technical skills
  • Strong detail orientation coupled with the ability to see the "big picture"
  • Excellent communication skills (both written and verbal)
  • Motivated self-starter who shows initiative, is proactive, looks for ways to improve
  • Able to complete tasks within agreed timelines and drive projects to completion with minimal guidance
  • Ability to plan and prioritise
  • Willing to learn and grow
  • High level of accountability


The incumbent will have an added advantage if he/she has the set skills listed below
  • Knowledge of OML reporting environment, processes and systems would be advantageous
  • Consolidation experience would be advantageous


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.

Skills

Competitive Advantages, Decision Making, Emerging Markets, Finance, Management Reporting, Process Improvements, Special Projects, Teamwork, Valuating

Education

Bachelors Degree (B): Actuarial Science (Required)

Closing Date

01 April 2024

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 Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

The Old Mutual Story

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