Senior Actuarial Specialist

Role Overview

Old Mutual Wealth Actuarial Team – Actuarial Valuation Reporting position. The role requires a technically sound individual responsible for performing actuarial valuation reporting and collaborating with various teams and stakeholders. The incumbent will focus on the valuation of life‑wrapped products for the Wealth Segment for consolidated financial reporting purposes, specifically on SAM, regulatory and internal risk metrics.

Responsibilities

Valuation and Financial Reporting

• Accountable for accuracy and quality of consolidated financial reporting results for submission to the OML Group Actuarial Reporting team and Wealth Finance team, focusing on IFRS9, SAM, SCR and regulatory reporting.
• Ensure compliance with agreed policy, methodology, professional guidance and legislation.
• Proactively provide analysis of results and recommend appropriate action to the business and other stakeholders.
• Ensure accuracy and completeness of actuarial portions of regulatory reporting for submission to the OML Group Actuarial Reporting team.
• Develop and maintain actuarial models; perform necessary checks on processes and ensure procedures deliver accurate actuarial outcomes.
• Manipulate and analyze volumes of data to draw conclusions from the analysis.

Process Efficiency and Automation

• Assist in ensuring processes are efficient, robust and fit for purpose.
• Assist in ensuring that the control environment is adequate and effective.

Ad‑Hoc Projects

• Support delivery of relevant projects as they arise, including Earnings at Risk (EaR) and ORSA analyses.

Qualifications and Experience

• Qualified or nearly qualified actuary with good exam progress.
• At least 4 years of actuarial experience.
• Exposure to life insurance reporting.
• Strong analytical and technical actuarial skills.
• Ability to interpret and communicate complex results.
• Attention to detail and strong control mindset.
• Ability to work independently and manage deadlines.
• Stakeholder engagement and influencing skills.
• Self‑starter who shows initiative and can drive projects to completion.
• Ability to multitask, work under pressure and reprioritize work when necessary.
• Advanced skills in Microsoft Excel and Prophet would be an advantage.
• Experience with SAM, regulatory reporting or capital modelling would be an advantage.

Education

NQF Level 7 – Degree, Advanced Diploma or Postgraduate Certificate or equivalent.

Closing Date: 24 June 2026, 23:59

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