Actuarial AnalystExperience Level: Entry Level | Posted Date: 2025/04/15
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Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The Recruitment Process
TA Interview: This will be a discussion with the Senior Talent Acquisition Specialist to give you an understanding of our business, our culture & values and more context on the role. It will also allow up the opportunity to get to know you more and ensure OMI can meet your career aspirations.
Panel Interview: This will be with 2 members of the Senior Leadership of the Hiring Team and 1 member of the HC Leadership Team.
Technical & Psychometric Assessments: These will depend on the role and will sometimes happen concurrently with the Vetting Process.
Final Feedback.
All About OMI:
https://www.oldmutual.co.za/about/old-mutual-insure/
Please note that, unfortunately, we cannot accept any applications after the closing date
Performs assignments of a variety actuarial-related tasks, e.g., compilation and analysis of losses and reserves. Develops and enhances procedures including review for actuarial soundness. Analyzes completed work for reasonableness and accuracy, and may recommend specific courses of action.Actuarial Analysis, Assumptions and Insights
Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights. Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.
Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.
Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.
Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.
Keep track of risk, financial management and control parameters, identifying any more deviations and reporting them to more senior colleagues. Involves working within established risk management systems.
Carry out complex analyses of funding contributions, like employee benefit programs, to support the evaluation of scheme funding requirements.
Identify, within the team, instances of non-compliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these and escalating issues as appropriate.
Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.
Skills and Qualifications Required:
Honours Degree in Actuarial Science or a related field
Solid exemptions
General Insurance Pricing Experience
Keen on Machine Learning
Passion for Python Coding
Skills
Actuarial Analysis, Actuarial Modeling, Analytical Thinking, Computer Literacy, Data Compilation, Data Controls, Executing Plans, General Insurance, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk ManagementCompetencies
Action OrientedBalances StakeholdersBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision QualityEducation
NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalentClosing Date
20 April 2025 , 23:59The 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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