Senior Actuarial Supervisor

Lets Write Africa's Story Together!

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

Job Description

Minimum Requirements:

• A Fellow of either the Actuarial Society of South Africa or the Institute and Faculty of Actuaries (UK).
• More than 5 years' experience in life insurance.
• Client focused.
• Ability to make balanced and sound recommendations and decisions.
• Self-motivated individual who is able to work accurately under tight time constraints.
• The ability to perceive, interpret and translate information in order to competently perform tasks and various levels of complexity.
• The ability to apply analytical, integrative, lateral and systems thinking.
• The ability to take all relevant detail into consideration in order to make sound recommendations.
• The ability to communicate complex information to an audience that has little or no actuarial experience.
• The ability to manage and mentor junior Actuarial Specialists.
• The ability to engage effectively with individuals across a broad range of disciplines to ensure that projects are completed effectively.
• The ability to identify and proactively solve issues that arise on a day-to-day basis; and
• Experience in product design and/or financial reporting.

Job Specification:

Financial Reporting:

• Consolidation and submission of valuation results (IFRS17, MCEV and SAM). Presenting results to BU Executives.
• Monthly Reporting – Ongoing monitoring and analysis (outside of valuation periods) of the financial results.
• Business Planning / Forecasting – Produce the business plan and other forecasts to estimate future financial impacts of the business strategy.

Valuations:

• Delivery of quarterly valuations for Corporate Segment and Cell Captives

• Business Partnering: Extract insights for business consideration and collaborate effectively with both Business and Valuations/Finance teams. Eg monthly meetings with BU Executives for monthly results, BU EXCO meetings, valuation result discussion etc.
• Support product development and product reviews (Finance perspective).

Risk Reporting:

• Producing quarterly risk reports such as Market Risk Report.

Product Support:

• Maintenance and support of products.
• In-country support to the Specialised product teams with on ongoing product monitoring and reviews.
• Reinsurance support eg GAP reinsurance reviews, NamibRe submissions.
• Product development.
• Manage monthly product meetings with BU Executives and track deliverables
• Product procurement forums.
• Contract reviews (AGP, CS MOUs).
• Support Rewards project (reviewing calculations and providing in-country actuarial support, review of contracts and annexures).

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Skills

Competencies

Balances Stakeholders

Builds Effective Teams

Builds Networks

Business Insight

Communicates Effectively

Develops Talent

Directs Work

Drives Results

Education

Fellow Of Actuarial Society Of South Africa (FASSA)

Closing Date

09 October 2026 , 23:59

The Old Mutual Story!