Finance Actuary

4 weeks ago

Johannesburg, Gauteng, 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

Role Overview

Join South Africa's largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa's Top Employer in the financial services sector, Old Mutual looks forward to welcome you to our team.

This Johannesburg- or Cape Town-based role enables the Group Actuarial strategy by:
  • Being the Finance Actuary for the "Shareholder" (OGA - Other Group Activities) segment, which is accountable for life insurance and required capital calculations of group shareholder exposures & business falling outside Old Mutual's other business segments:
    • Managing relationships between your team and various other teams (actuarial, finance and risk, across legal entities) in order to deliver on set objectives.
    • Planning and delivering actuarial output for the allocated segment.
    • Understanding and interpreting the complex and diverse requirements affecting this segment and entities in it, to ensure delivery of appropriate information from this segment into Group reporting and management structures.
  • Driving commercial management of insurance risks across the group:
    • Driving delivery of content into and through the Life Liability Committee (a committee formed to support the FD in the measurement, monitoring and management of life insurance liability- and capital-related risks across the Group).
    • Embedding operation of the Short-Term Liability Committee (a committee analogous to the LLC but focusing on property and casualty business across the Group)
    • Managing relationships with suppliers of information needed to monitor / manage such risks.
    • Proposing and/or delivering on agreed actions focused on improving the commercial outcomes from better management of such risks.
  • Leading the team delivering both of the above:
    • Take accountability for delivering all their output (including their projects).
    • Managing team processes, continuously improving and ensuring appropriate key controls.
    • Driving high levels of engagement and development of team members,
    • Making a valuable contribution as part of the Group Actuarial management team and other management structures.
Duties and responsibilities include:

Relationship Management
  • Responsible for managing the relationships between the team and key clients in the entities covered by the team (entity CFOs, Chief Actuary, etc.) and group functions (Planning and business insights, Balance sheet management, etc.).
  • Responsible for managing the relationships between the team and other segment and group actuarial and finance teams, as needed to facilitate delivery.
Planning and Co-ordinating
  • Jointly responsible for the co-ordination of deliveries across the actuarial function, in the areas of financial, regulatory and management reporting, and delivery on related projects.
Valuation and Financial Reporting (including Capital Requirements)
  • Responsible for accuracy and quality of the consolidated financial reporting results, including IFRS / EV / regulatory / internal risk metrics / etc.
  • Accountable for compliance with agreed policy / methodology / principles, professional guidance and legislation. Ensure unique complexities within the segment have been considered.
  • Proactively provides analysis and recommends appropriate action to stakeholders.
  • Responsible for accuracy and quality of actuarial portions of regulatory reporting.
Business Planning, Forecasts and Monthly reporting
  • Provide actuarial input for the purposes of consolidated business plans and forecasts.
  • Produce monthly reporting of actuarial metrics for the segment as required, including analysis of results and management recommendations as appropriate.
Process Ownership and Key Controls
  • Responsible for continuous improvement of team processes and quality of information produced.
  • Responsible for signing off on periodic, internal confirmations on the effectiveness of key controls.
Insurance Risk Management
  • Drive the efficiency of processes feeding into or from the Life Liability Committee and the Short-Term Liability Committee.
  • Drive improvements to the understanding and commercial management of life insurance and short-term insurance liability- or capital-related risks across the group through the relevant committees and their initiatives.
Management and Leadership
  • Manages a direct team of initially 3 actuarial staff, to ensure effective delivery and performance.
  • Play a key part in influencing the group's actuarial reporting strategy.
  • Make a significant leadership contribution to managing actuarial finance across the group.
Role Requirements: Skills, Qualifications and Experience
  • Qualified Actuary, with a minimum of 8 years actuarial experience, with at least 4 years post-qualification.
  • Previous technical (IFRS, MCEV and Solvency II/FSIs/GOIs) and/or cross-functional co-ordination and/or Client Relationship Management experience would be a strong advantage.
Skills

Accountability, Financial Analysis and Reporting, People Management

Education

Bachelors Degree (B): Actuarial Science (Required)

Closing Date

25 May 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

  • Life Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Finance. Full time

    These jobs were popular with other job seekers Reference: NFP013915-ASl-1Are you a highly skilled and experienced Life Actuary looking for a leadership role? Duties & Responsibilities Join one of the best performing companies on the JSE as an Actuary and apply your life corporate skill setJob & Company Description:This is an innovative group of companies...

  • Senior Actuarial Manager Johannesburg Central

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Finance. Full time

    These jobs were popular with other job seekers Reference: NFP013929-ASl-1We are looking for a Life Valuations Actuary to lead a world class team in making ground breaking contributions.Duties & Responsibilities Job & Company Description:This is an innovative insurance company with a rich history spanning over 20 years. They have established themselves in the...

  • Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Belmar Personnel Full time

    Rosebank Non-Life and a bit of life experience requiredThe CompanyA specialist cell captive insurance company, operating in the corporate risk finance, alternative distribution and underwriting management agencies sectors. A young, vibrant and innovative company with both a non-life and life cell captive license. Provide business partners and insurance...

  • actuarial specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Belmar Personnel Full time

    Actuarial Analyst Position at RosebankAbout the Company:A specialized cell captive insurance company based in Rosebank, Johannesburg, focusing on corporate risk finance, alternative distribution, and underwriting management. This company holds both non-life and life cell captive licenses, offering business partners and insurance clients the opportunity to...

  • Actuarial

    2 weeks ago

    Johannesburg, Gauteng, South Africa Network Contracting Full time

    Key Result Areas:- Financial reporting Support the financial reporting team during reporting cycles to ensure that valuation results are produced accurately, within agreed deadlines and with appropriate supporting commentary.- Continuous improvements Enhancements of models and processes that produce IFRS/FSV and MCEV reporting.- IFRS 17 implementation:...

  • Actuarial Expert

    2 weeks ago

    Johannesburg, Gauteng, South Africa Old Mutual Full time

    DescriptionAn exciting opportunity is available in the Old Mutual Wealth Actuarial Team, providing exposure to a diverse range of technical and business challenges. We are seeking a technically proficient individual to handle actuarial valuation reporting and collaborate effectively with teams and stakeholders across all levels.The ideal candidate will...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Boikago Group Full time

    ACTUARIAL ANALYSTThe purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the company and the healthcare industry.As an Actuarial Analyst you will be responsible to: Research and advocate various policy issues and concepts to help improve the...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa JoburgJobs Full time

    Job Vacancy: Actuarial AnalystAre you a highly skilled Actuarial Analyst with a passion for numbers and the pharmaceutical industry? We are seeking a talented individual to join our team at IPS Health and Wellness. As an Actuarial Analyst, you will play a crucial role in supporting our organisation's financial decision-making process and contribute to our...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Augment and Recruit Full time

    Purpose of the Role:The purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the organisation and the healthcare industry.Duties and Responsibilities: Research and advocate various policy issues and concepts to help improve the healthcare system ...

  • Head: Corporate Actuarial

    2 weeks ago

    Johannesburg, Gauteng, South Africa Bryte Insurance Full time

    The role holder will be responsible for the reserving and capital functions across the group: short term, and life insurance; South Africa and Botswana.Key Tasks & AccountabilitiesGeneral Accountable for the strategy and operating model of the corporate actuarial department. Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to...

  • Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Molemo Talent Solutions Full time

    The purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the CMS and the healthcare industry. As an Actuarial Analyst you will beresponsible to: Research and advocate various policy issues and concepts to help improve the healthcare system...

  • Corporate Actuarial Manager

    2 weeks ago

    Johannesburg, Gauteng, South Africa Bryte Insurance Full time

    Who we areThe role holder will be responsible to oversee team to perform routine Reserving or Capital tasks as assigned requiring mínimal direct supervision; performs more complex analyses.Key Tasks and AccountabilitiesBusiness AccountabilitiesGeneral Provide actuarial services with mínimal supervision. Coordinate work tasks. Provide guidance to members of...

  • Head of Actuarial and Pricing

    2 weeks ago

    Johannesburg, Gauteng, South Africa CA Global Headhunters International Full time

    Job Description:Nature & Scope:Our client is currently seeking to employ a Head of Actuarial and Pricing to be based in Johannesburg, South Africa.The incumbent will be responsible for the following: Leading a team of actuaries Creating new and innovating retail investment products Integrating the products with the broader group where applicable Ideation of...

  • Corporate Actuarial

    2 weeks ago

    Johannesburg, Gauteng, South Africa Moving Heads Personnel Full time

    Reserving: Produce IFRS 17 valuations at levels that are appropriate and fit for purpose for the business, to be used as the basis for relevant international accounting standards purposes which conform to professional requirements.Managing the extraction, processing and reconciling data. This includes further automation of these processes to ensure...

  • Specialist Actuary: Shareholder

    4 weeks ago

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

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionOld Mutual is a financial conglomerate with South Africa's largest actuarial team. Actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa,...

  • Specialist Actuary: Shareholder

    2 weeks ago

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

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionOld Mutual is a financial conglomerate with South Africa's largest actuarial team. Actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa,...

  • Senior Actuarial Analyst

    2 weeks ago

    Johannesburg, Gauteng, South Africa Digital Spaces Allegiance Full time

    The purpose of the job is to analyze data and derive insights utilising statistical and actuarial models to inform product development, benefits design, and pricing within the organisation and the healthcare industry.As an Actuarial Analyst you will be responsible to:- Research and advocate various policy issues and concepts to help improve the healthcare...

  • Actuarial Expert: Shareholder

    4 weeks ago

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

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionOld Mutual is a financial conglomerate with South Africa's largest actuarial team. Actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa,...

  • Actuarial Expert: Shareholder

    2 weeks ago

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

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionOld Mutual is a financial conglomerate with South Africa's largest actuarial team. Actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa,...

  • Corporate Actuarial Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Absa Bank Limited Full time

    Bring your possibility to life Define your career with us With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job SummaryOverall job...