Senior Actuarial Manager at Old Mutual

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



Job Description



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Examines and summarizes statistical data by applying mathematical and statistical knowledge to unpaid claim liability, trend analysis, rate formula, forecasting, and premium analysis. Participates in the preparation of annual statements, calculation of tax related issues, and drafting of business coverage forms. OML roles mapped to this profile are: Senior Specialist Actuarial, Fund Actuary, Actuarial Expert and Senior Specialist: Reinsurance Analytics.



Responsibilities



Actuarial Analysis, Assumptions and Insights



Create and present high-quality actuarial analyses, assumptions, insights, and reports to support business decision-making and/or business performance evaluation. Perform complex statistical analysis to enable data analysis.



Actuarial Financial Reporting



Produce complex actuarial financial information, ensuring the accurate completion of a key strand of the process to contribute to the production of statutory and non-statutory reports and other disclosures.



Actuarial Model Creation and Maintenance



Develop and maintain complex actuarial models, ensuring that the underlying structure of the actuarial assumptions are fully validated and that the models can be integrated into wider business models to enable actuarial analysis, financial reporting, and regulatory compliance.



Actuarial Product Development & Management



Develop proposals for new products and for the improvement and management of existing products that create competitive advantage, that are viable in relation to the organization's risk appetite and financial objectives, and that meet regulatory requirements.



Organizational Risk Management



Develop and/or deliver a contingency plan for significant aspects of the risk and financial management and/or control process.



Actuarial Calculation of Funding Requirement



Evaluate funding contributions, like employee benefit schemes, and develop recommendations for future funding contribution levels.



Compliance



Monitor and review performance and behaviors within area of responsibility to identify and resolve non-compliance with the organization's policies and relevant regulatory codes and codes of conduct.



Improvement/Innovation



Identify shortcomings and suggest improvements to existing processes, systems and procedures, then delivers a plan for a small element of a change management program.



Skills



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



Competencies



Balances Stakeholders



Builds Networks



Business Insight



Collaborates



Communicates Effectively



Cultivates Innovation



Decision Quality



Drives Results



Education



Bachelors Degree (B)



Closing Date



24 March 2025 , 23:59