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Senior Actuarial Specialist || Old Mutual

  • Harare

Old Mutual

DUE: 06 OCT 2023

We are an African Insurance Giant

Be a part of our business that is growing its footprint across Africa as well as expanding our actuarial presence in Johannesburg. Old Mutual is an insurance giant in Africa, with life insurance entities currently established in Namibia, Swaziland, Zimbabwe, Ghana, Nigeria, Botswana, Malawi, Kenya and Uganda. Our expanding emerging market footprint represents a vast network of opportunity for innovative, creative and motivated individuals to benefit from while they gather unmatched professional experience on the way to becoming a leader in our business.

Why the Africa Actuarial Services Team?

In this role, you will work as part of a team tasked with providing actuarial services to the life entities in the Rest of Africa, consolidating and explaining the life financial results for Old Mutual Africa in all aspects of reporting: monthly management reporting, forecasting, business planning, quarterly IFRS and MCEV reporting as well as capital reporting to regulators.

The team works closely with the Old Mutual Africa Executive team, OML central reporting team and in-country Finance Directors and actuarial teams in producing results that drive decision making to help accomplish the Old Mutual Limited (OML) growth strategy. In addition, the team has strong working relationships with the Statutory and Country Actuaries of the various countries.

We are a vibrant, diverse team, thriving on new ideas and high performance while making a meaningful impact on our customers in Africa. Our team will continue to grow in numbers, playing a key role in further building Old Mutual’s actuarial base in Johannesburg. Our team also continues to provide great opportunities for innovative, creative and motivated individuals to benefit and learn from while they gather unmatched professional experience and exposure to a variety of different countries and cultures on the way to becoming a leader in our business.

Special Projects Investigation:

Co-ordination of IFRS 17 transition work
Provide review of the Retail Mass segment reporting deliverables
Implement solutions and where appropriate process changes so that problems do not reoccur in future valuations;
Provide leadership support to intermediate level actuarial direct reports
Liaising with both the in country actuarial, finance and operations teams as well as with the South African teams which support the Namibian business, understanding and documenting how the fund accounts are drawn up and how the models relate to the accounting numbers;
Enable better liaison between the various teams who use the same models and processes to ensure consistency;

Business Planning / Forecasting:
Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the OML strategy (by providing the necessary technical calculations).

Ensure that all actuarial processes are performed as efficiently as possible, finding and delivering continuous process improvement and standardisation opportunities as well as ensuring processes are performed with appropriate controls.


Senior Actuarial Student with 4 years’ experience (exceptional candidates who don’t meet the criteria may be considered)
Strong technical skills and experience in a valuations role will stand you in good stead
Strong attention to detail with high levels of drive and energy
Motivated self-starter, who shows initiative and able to interact effectively with people at all levels
Proven ability to complete tasks within agreed timelines with minimal guidance.
Excellent people skills and an ability to work in a team will give you the competitive edge.
Highly innovative with a willingness to learn and grow

Competitive Advantages, Decision Making, Emerging Markets, Finance, Management Reporting, Process Improvements, Special Projects, Teamwork, Valuating

Bachelors Degree (B): Actuarial Science (Required), Fellow Of Actuarial Society Of South Africa (FASSA)

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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