Intermediate Actuarial Specialist Apply locations Pinelands posted on Posted 2 Days Ago job requisition id JR-52992 Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description The Mass and Foundation Cluster (MFC) Actuarial Finance team has 2 exciting opportunities for suitably qualified individuals to play a key role in the financial reporting, capital and valuation space. The team is responsible for financial reporting (IFRS, MCEV and SAM), maintaining (coding and peer review) of Prophet and DCS models, and supporting robust forecasting, business planning and monthly reporting for the segment. Role Overview The role will grant you exposure to the finance environment where you can develop sound technical knowledge. Depending on the preferences of the successful candidate, the opportunities provided by the role could entail either: Providing support for the end to end reporting processes for the MFC Protection product range. The incumbent will be required to continually support and improve existing methods, models and processes. The role will participate in various projects, relating to embedding the new underwritten and funeral product range within the business. The candidate will also provide support to reporting of the results with appropriate analysis and insights to drive decision making within the MFC space. Being responsible for consolidating and reporting of capital metrics for MFC. The incumbent will be required to calculate and analyse capital calculations, including SCR, ORSA and earnings at risk. They would also be supporting business planning, financial reporting and projects related to the capital management of the MFC business. Key Result Areas Financial reporting - Ensure that (liability or capital) valuation results are produced accurately, within agreed deadlines (IFRS, MCEV and SAM reporting). Assist with quantifying the financial impacts of experience investigations. Capital management – Support for producing capital calculations accurately and on time. Business planning / forecasting – Support the team that provides forecasting and ongoing monitoring (outside of valuation periods) of the financial impacts of the OML strategy (by providing the necessary technical calculations). Investigations – Undertake investigations (on behalf of Business Partner, Finance Actuary and Actuarial Manager) as will be delegated to you. Models – Support the owners of Prophet (liability); DCS (data) and Excel (liability&capital as applicable) models. Continuous improvements – Enhancements of models and processes that produce IFRS, MCEV and SAM reporting. General – Assist in ensuring actuarial processes are efficient and assist in ad-hoc projects when required. Requirements: Skills, Qualifications and Experience required Actuarial student with minimum 9 actuarial exams (exceptional candidates not meeting this requirement may be considered as well). Strong technical skills and strong detail orientation. Excellent communication skills (both written and verbal). Motivated self-starter who shows initiative, is proactive, looks for ways to improve. Able to complete tasks within agreed timelines. Interest in financial modelling software. Ability to plan and prioritise. Willing to learn and grow. High level of accountability. The incumbent will have an added advantage if he/she has the set skills listed below Previous liability/capital valuation experience will be an advantage. Prophet or DCS (or similar modelling) experience will be an advantage. Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience and exam progress. Skills Education Bachelor of Science (BS): Actuarial Science (Required) Closing Date 20 September 2024 The 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. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story! About Us Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience. #J-18808-Ljbffr