Actuarial Expert

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

Be part of an exciting opportunity in Old Mutual Wealth’s product development team. This includes setting product strategy, pricing, product development, product management and oversight as well as interactions in procuring new clients for the local as well as offshore product suites.

Key Performance Areas

• Developing a deep understanding of the Product and Investment proposition.

• Investigation, problem solving and developing solutions to various issues in the [product and investment area.

• Product development, enhancement and pricing initiatives, which includes engaging and gathering input, generate requirements for system changes and ensuring execution and testing solutions.

• Managing and supporting technical asset reviews for new investments.

• Support in communication of technical investment issues to internal stakeholders and producing communication for external stakeholders (advisers, fund managers etc.)

• Liaising with the relevant external stakeholders (brokerages etc.) as well as internal stakeholders (e.g. distribution, operations & finance as well as tax) to coordinate technical deliverables.

• Building and maintaining profit models and running experience analysis.

• Understanding the capital risk drivers for retail products

• Understanding the SAM SCR guidelines

• Understanding of EV principles

Role Qualifications, Skills and Experience required

• A qualified/nearly qualified Actuary with minimum 6 years technical experience (Pricing, building models, experience analysis)

• IFRS17/valuation experience will be beneficial

• Strong technical skills and attention to detail

• Knowledge of the Prudential Standards of South Africa 

• Knowledge of Old Mutual’s products and systems will be beneficial 

• Experience working across teams (Wealth, Exco, Internal and External Old Mutual teams)

• Problem solving skills essential

Attributes / Competencies

• Executing

• Customer First

• Personal mastery

• Innovation

• Collaboration

• Leading with Influence

Skills

Competencies

Education

Closing Date

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!