Senior Actuarial Specialist

2 weeks ago

Cape Town, Western Cape, South Africa Old Mutual Life Assurance Company (Sa) Ltd Full time

Senior Actuarial Specialist page is loaded Senior Actuarial Specialist Apply locations Pinelands posted on Posted Today job requisition id JR-55188 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 Role Overview The Mass Foundation Cluster (MFC) has an exciting opportunity for a suitably qualified individual to oversee the capital and reporting requirements of the Retail Mass Protection and Investment products.


A key focus will be to lead a team of professionals responsible for the ongoing monitoring, reporting and forecasting of the financial impacts of the Old Mutual Limited strategy.

The team will also be responsible for all Retail Mass Market (RMM) capital related work, including SCR and ORSA shocks, cost of capital calculations, earnings at risk calculations and capital forecasts.

Key Result Areas Capital Management – Oversee production and analysis of capital calculations including SCR, ORSA and earnings at risk.

Financial Reporting - Presenting results to senior stakeholders and submission of valuation results (IFRS17, MCEV and SAM).

Monthly Reporting – Ongoing monitoring and analysis (outside of valuation periods) of the financial impacts of the OML strategy.

Business Planning / Forecasting – Produce the business plan and other forecasts to estimate future financial impacts of the business strategy.

Funding – Project and request funding requirements.
Continuous Improvements – Enhancements of models, creating of efficient processes and managing the data consolidation framework
Projects - Support the delivery of project objectives

Requirements:
Skills, Qualifications and Experience required Qualified actuary or actuarial student with a minimum of 10 exam credits and 4 years' actuarial experience
Financial reporting and/or valuation experience
Management experience
High level of accountability and ownership
Excellent interpersonal and communication skills
Knowledge of the South African Life Insurance environment, products and systems would be advantageous
Skills
Financial Analysis and ReportingEducation
Bachelors Degree (B): Actuarial Science (Required)Closing Date

17 June 2024The 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 About Us 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.

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