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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The Recruitment Process:

TA Interview: This will be a discussion with the Senior Talent Acquisition Specialist to give you an understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you a more and ensure OMI can meet your career aspirations

Panel Interview: This will be with 2 members of the Senior Leadership of the Actuarial Team and 1 member of the HC Leadership Team

Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with MIE & Internal Verification

Final Feedback

All About OMI:

https://www.oldmutual.co.za/about/old-mutual-insure/

https://www.linkedin.com/posts/old-mutual-insure_i-work-at-old-mutual-insure-of-course-activity-7161674472469524483-w0j6?utm_source=share&utm_medium=member_desktop

Please note that we unfortunately cannot accept applications after the closing date

Performs assignments of a variety actuarial-related tasks, e.g., compilation and analysis of losses and reserves. Develops and enhances procedures including review for actuarial soundness. Analyzes completed work for reasonableness and accuracy, and may recommend specific courses of action. OML roles mapped to this profile are: Intermediate Actuarial Specialist, Intermediate Actuarial Specialist (OMAO), Intermediate Actuarial Specialist New Entrant and Specialist: Actuarial Underwriting.

ResponsibilitiesActuarial Analysis, Assumptions and Insights

Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights. Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.

Actuarial Financial Reporting

Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.

Actuarial Model Creation and Maintenance

Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.

Actuarial Product Development & Management

Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.

Organizational Risk Management

Keep track of risk, financial management and control parameters, identifying any more deviations and reporting them to more senior colleagues. Involves working within established risk management systems.

Actuarial Calculation of Funding Requirement

Carry out complex analyses of funding contributions, like employee benefit programs, to support the evaluation of scheme funding requirements.

Compliance

Identify, within the team, instances of non-compliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate.

Improvement/Innovation

Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.

Skills

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

Competencies

Action Oriented

Balances Stakeholders

Builds Networks

Business Insight

Collaborates

Communicates Effectively

Cultivates Innovation

Decision Quality

Education

Bachelor of Science Honours (BSc Hons): Actuarial Science (Required), NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

12 January 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.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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