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Mar 22, 2021

Specialist Actuary

  • Old Mutual
  • Cape Town, South Africa
Full time Professional Services

Job Description

Job Description

An exciting opportunity has been created in the Office of the Chief Actuary (OCA), offering exposure to an interesting combination of technical and business issues across the Old Mutual Group.

The role will assist the Head of Actuarial Function in providing effective oversight in respect of all Old Mutual’s insurance entities.

Reporting to the Head of Actuarial Function, the role requires extensive financial reporting experience across IFRS, EV and SAM bases.

The applicant must be able to translate complex reviews into simple conclusions for non-technical audiences, build strong relationships and collaborate with a wide range of stakeholders in Old Mutual.

Responsibilities:

Individual insurers (Rest of Africa): Support the OCA in reviewing the actuarial results of Old Mutual’s (life and property & casualty) insurers outside of South Africa, to express opinions to the OML board regarding their reliability and to recommend to management changes to improve the control environment.
Old Mutual Group: Support the OCA in reviewing the consolidated results of Old Mutual’s insurance group, for published and regulatory reporting purposes.
Actuarial policies: Support the Head of Actuarial Function in reviewing the appropriateness of the Group’s actuarial policies, principles and guidelines.
IFRS17 results: Assist the OCA in reviewing and expressing opinions on the actuarial aspects of Old Mutual’s IFRS17 implementation.
Projects: Support the delivery of relevant projects, including deep dives into technical actuarial matters and the development and implementation of efficient and effective control frameworks for the OCA.

Other: Assist the Head of Actuarial Function with product reviews as and when required.

Requirements:

A qualified Actuary with minimum 8 years technical experience
Strong technical skills and attention to detail
Strong financial reporting and/or valuation experience
Knowledge of the Prudential Standards of South Africa
Knowledge of Old Mutual’s products and systems will be beneficial
Experience working across teams

Key behavioral skills and attributes required to fulfill this role:

Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues
Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal)
Ability to collaborate effectively with others, with strong stakeholder engagement skills
Organisation and Planning
Ability to work on a wide range of deliverables at once, drive projects to completion
Strong sense of ownership, requiring minimal guidance and proactively seeking for solutions
Ability to gather a wide range of information, filter and then use in making sound and balanced decisions
Strong business acumen

Responsibilities:

Individual insurers (Rest of Africa): Support the OCA in reviewing the actuarial results of Old Mutual’s (life and property & casualty) insurers outside of South Africa, to express opinions to the OML board regarding their reliability and to recommend to management changes to improve the control environment.
Old Mutual Group: Support the OCA in reviewing the consolidated results of Old Mutual’s insurance group, for published and regulatory reporting purposes.
Actuarial policies: Support the Head of Actuarial Function in reviewing the appropriateness of the Group’s actuarial policies, principles and guidelines.
IFRS17 results: Assist the OCA in reviewing and expressing opinions on the actuarial aspects of Old Mutual’s IFRS17 implementation.
Projects: Support the delivery of relevant projects, including deep dives into technical actuarial matters and the development and implementation of efficient and effective control frameworks for the OCA.

Other: Assist the Head of Actuarial Function with product reviews as and when required.

Skills and Experience:

Education:

Fellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science


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