Intermediate Actuarial Specialist

7 days ago

Johannesburg, Gauteng, South Africa Old Mutual Limited Full time R500 000 - R1 000 000 per year

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

The Group Actuarial team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various different jurisdictions.

The team has an opportunity available for an Actuarial graduate with solid exam progress, to gain unique experience in the inner workings of a complex financial services group and develop valuable technical expertise on regulatory capital reporting. The position will report to the Senior Actuarial Supervisor: Capital and Regulatory Reporting and be responsible for the production of Old Mutual's regulatory capital and other risk metric reporting as part of a small team of actuarial professionals.

Key Result Areas

  • Reporting – support the production of reporting of capital for regulatory submissions (quarterly / half-yearly / annual QRTs) and for external publication (half-yearly OML results booklets and financial statements).

  • Preparation of templates and instructions to suppliers of information (e.g. OMLACSA segments)

  • Detailed review and checking of segment and other submissions as well as consolidation and preparation of additional required modelling inputs

  • Performing the modelling required to produce the policyholder and shareholder solvency capital requirements as well as the iterative risk margin.

  • Maintaining and improving the tools used in the various processes.

  • Capital forecasting – support the production of projections as part of the annual Business Plan process and regular capital allocation updates

  • Scenario and sensitivity testing – support the production of scenario and sensitivity testing of capital levels under a range of scenarios (for the annual ORSA process as well as ad-hoc when required).

  • Product and business decision support – perform required analysis or investigation to support the assessment of the impact of new products / product changes and/or proposed balance sheet changes on the overall OMLACSA / OML capital.

  • Project support – perform the required analysis or investigations to support the Group Finance project team where their deliveries need capital calculations (e.g. Prudential Authority applications).

Requirements: Skills, Qualifications, Experience required

  • Steady progress with actuarial examinations (minimum of 7 exam credits)

  • Strong technical modelling and analytical skills

  • Strong detail orientation and the ability to see the "big picture"

  • Motivated self-starter who shows initiative, is proactive and adaptable, and continuously looking for ways to improve

  • Confident communicator with good written and verbal communication skills

  • Demonstrates good teamwork and interpersonal skills

  • Able to complete tasks within agreed timelines and work well under pressure

  • 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

  • Programming skills in actuarial/statistical programming languages such as VBA/SQL and R/Python

Please note that the appointments may be made at a lower role size depending on the successful candidates' experience.

Competencies

  • Collaboration

  • Innovation

  • Personal Mastery

  • Execution

Skills

Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk Management

Competencies

Action OrientedBalances StakeholdersBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision Quality

Education

Bachelor of Science (BSc): Actuarial Science (Required)

Closing Date

14 November 2025 , 23:59

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.

The Old Mutual Story

  • Actuarial Specialist

    7 days ago

    Johannesburg, Gauteng, South Africa Hire Resolve Full time R400 000 - R800 000 per year

    Hire Resolve's Client, a specialist cell captive insurance Company is looking for an Actuarial Specialist to join their team in Johannesburg. The ideal candidate will join a small actuarial team that is responsible for implementing the actuarial control function across the licenses and provides actuarial services to departments within the company.The...

  • Actuary/Actuarial Analyst

    7 days ago

    Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R900 000 - R1 200 000 per year

    Actuary /Actuarial AnalystMinimum Requirements:Matric with MathematicsHonours Degree in Actuarial ScienceAt least 6 of the Foundation and Intermediate Technical subjects (A111 A214) of ASSA, or equivalent, which should include A211 (CT1) and A213 (CT5).Responsibilities:Take ownership of monthly actuarial experience reporting such as claims, lapses,...

  • Actuarial Specialist I

    2 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time R900 000 - R1 200 000 per year

    Job DescriptionTo prepare data and conduct basic analyses with guidance. Possesses a foundational understanding of technical concepts within their field and can effectively convey information to the wider team and to relevant stakeholders under supervision.Hello, future Actuarial Specialist IRole PurposeAssist in building, updating, and validating actuarial...

  • Senior Actuarial Analyst

    7 days ago

    Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R1 200 000 - R2 400 000 per year

    Senior Actuarial AnalystMinimum Requirements:Matric (Grade 12)Bachelors degree in Actuarial or Business ScienceAt least 6 actuarial examsAt least three years of work experience Intermediate knowledge of reservingUnderstanding of life actuarial modellingSome life insurance product knowledgeStrong communication and interpersonal skillsAbility to work under...

  • Actuarial Analyst

    7 days ago

    Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R104 000 - R208 000 per year

    Actuarial AnalystMinimum Requirements:Matric (Grade 12)Minimal external interactionNetwork of contacts within the actuarial professionUniversity degree in actuarial science, statistics, mathematics, or a related field.Pursuing Actuarial qualification (per local society).One to three years of experience in an actuarial environment.Self-motivation and...

  • Actuarial Specialist

    1 day ago

    Johannesburg, Gauteng, South Africa Netcare Full time R400 000 - R800 000 per year

    We provide meaningful careers that connect people with purpose.We are united by a common purpose of providing the best and safest care; and by our shared values of Care, Truth, Participation, Compassion and Dignity. Netcare invites you to be part of our journey.Product Development & Benefit DesignAssist with the development of new healthcare products and...

  • Analyst: Corporate Actuarial

    7 days ago

    Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R400 000 - R800 000 per year

    Minimum requirements:3-year BSc or BCom with Actuarial majorsHonours is an advantageMember of Actuarial Society of South Africa / Member of the Institute and Faculty of Actuaries. At least 6 exemptions / actuarial exam passes Knowledge of statistics.Understanding of insurance business principles. Understanding of balance sheet structures and capital...

  • Specialist: Actuarial Analyst

    7 days ago

    Johannesburg, Gauteng, South Africa Boardroom Appointments Full time R900 000 - R1 200 000 per year

    Minimum Requirements:Matric (Grade 12)1 - 2 years experience in a similar environmentBachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Mathematical SciencesResponsibilities:Conduct life actuarial valuations, including experience investigations, assumption setting, prudential and IFRS reserving and reporting, scenario testing and forecasting,...

  • Senior Actuarial Analyst: Commercial Lines

    3 days ago

    Johannesburg, Gauteng, South Africa Old Mutual Limited Full time R400 000 - R800 000 per year

    Let's Write Africa's Story TogetherOld Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionExamines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis. Participates in the preparation...

  • Actuarial Control Function Head

    2 weeks ago

    Johannesburg, Gauteng, South Africa FirstRand Full time R1 200 000 - R2 400 000 per year

    Job DescriptionResponsible for performing all functions of the Head of Actuarial Control Function (HAF) as set out in regulations and actuarial guidance.Deep experience of a wide range of Actuarial topics such as experience investigations, pricing, reserving, capital, embedded value calculations and IFRS17 are required.Work closely with first line teams to...