Actuarial Supervisor at Old Mutual South Africa

The successful incumbent could be based in Cape Town or Johannesburg.

Key Result Areas

Performing technical actuarial work, using data, processes, and complex systems with minimal guidance. This includes the following:

• Performing Financial Soundness Valuations, IFRS profit analysis of surplus, providing insights into results and drafting valuation reports.
• SAM Regulatory solvency calculations
• Performing calculations for dividend declarations, board reports, product signoffs and ad-hoc requests.
• Producing regular and ad-hoc experience/financial reports.
• Driving IFRS17 implementation and embedding processes within the business
• Supporting the Head of Actuarial with risk management for OMART, including defining risk policies and risk appetite and tracking and managing financial and non-financial risks
• Leading and managing a team
• Drive technical accuracy and implementation of work,
• Liaising with stakeholders within OMART
• Liaising with stakeholders within the Old Mutual group
• Liaising with external stakeholders such as cell captive owners, binder holders, reinsurers and the Prudential Authority
• Support the OMART Client Solutions team with new cell and product launches
• Translate market, client and financial data analysis results into client-friendly reports and presentations.

Requirements: Skills, Qualifications and Experience required

• Nearly or newly qualified actuary.  
• In case of an exam lag, significant relevant experience will also be considered.
• A minimum of 3 years’ actuarial experience
• IFRS or Regulatory Solvency valuations experience
• Strong technical skills and attention to detail
• Good interpersonal skills and the ability to work in a team and across teams
• Good communication skills, both written and verbal
• Ability to plan and prioritise, make decisions and deliver on time
• Ability to work on multiple deliverables and manage expectations
• Motivated self-starter who takes accountability, shows initiative and innovates
• Enthusiasm to learn and grow
• Proficiency in Microsoft Office (Word, Excel, Powerpoint, Access)
• Prophet and DCS skills

The following will be an added advantage:

• Programming skills (Visual Basic)
• Management experience

Skills

• Board Reports, Financial Analysis, Financial Analysis and Reporting, Management Solutions, People Management, Prioritization, Reporting Requirements

Education

• Bachelors Degree (B): Actuarial Science (Required)

Closing Date

18 April 2023