Senior Risk Management Actuary

1 week ago


Johannesburg, Gauteng, South Africa Old Mutual Full time
Job Title: Senior Risk Management Actuary

We are seeking a highly skilled and experienced Senior Risk Management Actuary to join our team at Old Mutual. This is an exciting opportunity for a motivated professional to take on a key leadership role in shaping the risk management strategy of our organization.

About the Role:
  • The successful candidate will be responsible for leading the design, development, and implementation of an actuarial risk framework that enables data-driven, strategic decision-making.
  • They will provide assurance to the Boards of all entities in the Old Mutual Insure Group, including opinion on IFRS reserves, SAM technical provisions, and economic capital models.
  • Key responsibilities will include reviewing parameterization, methodology, and results of internal capital models, providing actuarial opinions on reinsurance adequacy, and reviewing actuarial pricing and new products.
Requirements:
  • A qualified actuary with at least 10 years' experience in general insurance and predictive modelling.
  • Strong leadership skills, with the ability to influence and rally people behind common goals.
  • Excellent communication and interpersonal skills, with the ability to convey complex financial information to stakeholders.
  • Experience in reinsurance management and leading revenue-generating businesses within the general insurance industry would be advantageous.

Estimated Salary: R2,500,000 - R3,500,000 per annum, depending on experience.

About Us:

Old Mutual is a leading financial services provider with a strong presence in South Africa and internationally. We offer a dynamic and inclusive work environment, with opportunities for growth and development.



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