Actuarial Expert Lead

5 days ago

Cape Town, Western Cape, South Africa Old Mutual Full time

Job Summary

This exciting opportunity exists within the Old Mutual Wealth Actuarial Team, offering exposure to a unique combination of technical and business issues. The role requires a technically sound individual who is responsible for performing actuarial valuation reporting and collaborating effectively with various teams and stakeholders at all levels.

The incumbent candidate will assist in the valuation of life wrapped products for the Wealth Segment for consolidated financial reporting purposes, including IFRS, EV, SAM, Regulatory and Internal risk metrics.

Key responsibilities include:

  • Responsible for accuracy and quality of the consolidated financial reporting results for submission to the OML Group Actuarial Reporting team and Wealth Finance team, as appropriate.
  • Accountable for compliance with agreed policy and methodology as well as professional guidance and legislation.
  • Proactively provides analysis of results and recommends appropriate action back to the business and other stakeholders.
  • Responsible for accuracy and completeness of the actuarial portions of regulatory reporting for submission to the OML Group Actuarial Reporting team.
  • Responsible for the development and maintenance of actuarial models.

Requirements

Qualified or nearly qualified actuary (with a minimum of 11 exam credits) is required. At least 4 years actuarial experience is also necessary. Experience in life investment products or life valuations will be advantageous. Strong analytic skills and attention to detail are essential.

Salary Range

R2 500 000 - R3 500 000 per annum, depending on experience and qualifications.

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