Intermediate Actuarial Specialist (New Entrant) Capital Reporting Analyst presso Oldmutual

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

Job Description

The Group Actuarial team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various different jurisdictions.

The team has an opportunity available for an Actuarial graduate with solid exam progress, to gain unique experience in the inner workings of a complex financial services group and develop valuable technical expertise on regulatory capital reporting. The position will report to the Senior Actuarial Supervisor: Capital and Regulatory Reporting and be responsible for the production of Old Mutual’s regulatory capital and other risk metric reporting as part of a small team of actuarial professionals.

Key Result Areas

• Reporting – support the production of reporting of capital for regulatory submissions (quarterly / half-yearly / annual QRTs) and for external publication (half-yearly OML results booklets and financial statements).

• Preparation of templates and instructions to suppliers of information (e.g. OMLACSA segments)

• Detailed review and checking of segment and other submissions as well as consolidation and preparation of additional required modelling inputs

• Performing the modelling required to produce the policyholder and shareholder solvency capital requirements as well as the iterative risk margin.

• Maintaining and improving the tools used in the various processes.

• Capital forecasting – support the production of projections as part of the annual Business Plan process and regular capital allocation updates

• Scenario and sensitivity testing – support the production of scenario and sensitivity testing of capital levels under a range of scenarios (for the annual ORSA process as well as ad-hoc when required).

• Product and business decision support – perform required analysis or investigation to support the assessment of the impact of new products / product changes and/or proposed balance sheet changes on the overall OMLACSA / OML capital.

• Project support – perform the required analysis or investigations to support the Group Finance project team where their deliveries need capital calculations (e.g. Prudential Authority applications).

Requirements: Skills, Qualifications, Experience required

• Steady progress with actuarial examinations (minimum of 7 exam credits)

• Strong technical modelling and analytical skills

• Strong detail orientation and the ability to see the “big picture”

• Motivated self-starter who shows initiative, is proactive and adaptable, and continuously looking for ways to improve

• Confident communicator with good written and verbal communication skills

• Demonstrates good teamwork and interpersonal skills

• Able to complete tasks within agreed timelines and work well under pressure

• Ability to plan and prioritise

• Willing to learn and grow

• High level of accountability

The incumbent will have an added advantage if he/she has the set skills listed below

• Programming skills in actuarial/statistical programming languages such as VBA/SQL and R/Python

Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience.

Competencies

• Collaboration

• Innovation

• Personal Mastery

• Execution

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 (BSc): Actuarial Science (Required)

Closing Date

14 November 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.

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