Summary
Date Posted: Wednesday, April 20, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
To provide a technical and fit-for-purpose actuarial service to Old Mutual Africa’s General Insurance (GI) entities [i.e. entities in Botswana, Namibia, Nigeria, Zimbabwe and the UAP-OM Group (operating in Kenya, Rwanda, Tanzania, Uganda and South Sudan)].

Key Results Area:
• Management Reporting
• Maintain and refine a reporting process to ensure timely and accurate distribution of relevant management information to RoA countries, Old Mutual Africa (OMA) and Old Mutual Limited (OML)
• Produce any other risk metrics as required by the Group, for example Earnings at Risk (EaR)
• Support the Corporate Actuary and the Finance Actuary in performing their oversight functions across the RoA entities
• Capital Management
• Calculate and coordinate the calculation of SAM capital requirements, for consolidation into the wider OML Group’s results, and explain the results compared to local regulatory requirements
• Provide support in developing appropriate capital management metrics and a capital management framework for the GI entities within the Group
• Provided actuarial support during the business planning process
• Provide support to the Risk Management Function, including the ORSA
• Reserves
• Produce results for Technical Provisions (IBNR, IBNER, OCR, UPP and cash-back reserves; as applicable) on IFRS and regulatory bases. Specifically for Botswana and Namibia a full annual valuation is completed (including valuation report submitted to the Board) as well as quarterly roll-forward analysis including an “actual vs. expected analysis”.
• Provide support in the implementation of IFRS17 across the various RoA entities
• Reinsurance Support
• Provide actuarial support, as applicable, in structuring reinsurance for entities in the Group
• Business Support
• Assess the sufficiency and quality of the data used for the various actuarial work
• Maintain effective people practices
• Empower emerging leaders and specialists to achieve technical excellence and innovation

Skills, Qualifications & Experience Required:
• Relevant bachelor’s degree in Actuarial Science
• Senior actuarial student making good progress with exams (exceptional candidates who don’t meet this requirement may be considered)
• At least 3 years actuarial experience
• Strong technical and problem-solving skills
• A strong sense of accountability
• Ability to work under pressure
• VBA, ResQ and/or SAS experience would be an advantage
• An interest in learning new things and exploring alternative ways of completing tasks
• Skills Education
• Bachelor of Commerce (BCom): Actuarial Science (Required), Bachelor of Science (BSc): Actuarial Science (Required)

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
To apply follow this link https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/job/Johannesburg/Senior-Actuarial-Specialist---General-Insurance_JR-22765 

All Jobs

QUICK ALERT SUBSCRIPTION