Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description Role Overview Join South Africa’s largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa’s Top Employer in the financial services sector, Old Mutual looks forward to welcome you to our team. This Johannesburg- or Cape Town-based role enables the Group Actuarial strategy by: Being the Finance Actuary for the “Shareholder” (OGA - Other Group Activities) segment, which is accountable for life insurance and required capital calculations of group shareholder exposures&business falling outside Old Mutual’s other business segments: Managing relationships between your team and various other teams (actuarial, finance and risk, across legal entities) in order to deliver on set objectives. Planning and delivering actuarial output for the allocated segment. Understanding and interpreting the complex and diverse requirements affecting this segment and entities in it, to ensure delivery of appropriate information from this segment into Group reporting and management structures. Driving commercial management of insurance risks across the group: Driving delivery of content into and through the Life Liability Committee (a committee formed to support the FD in the measurement, monitoring and management of life insurance liability- and capital-related risks across the Group). Embedding operation of the Short-Term Liability Committee (a committee analogous to the LLC but focusing on property and casualty business across the Group) Managing relationships with suppliers of information needed to monitor / manage such risks. Proposing and/or delivering on agreed actions focused on improving the commercial outcomes from better management of such risks. Leading the team delivering both of the above: Take accountability for delivering all their output (including their projects). Managing team processes, continuously improving and ensuring appropriate key controls. Driving high levels of engagement and development of team members, Making a valuable contribution as part of the Group Actuarial management team and other management structures. Duties and responsibilities include: Relationship Management Responsible for managing the relationships between the team and key clients in the entities covered by the team (entity CFOs, Chief Actuary, etc.) and group functions (Planning and business insights, Balance sheet management, etc.). Responsible for managing the relationships between the team and other segment and group actuarial and finance teams, as needed to facilitate delivery. Planning and Co-ordinating Jointly responsible for the co-ordination of deliveries across the actuarial function, in the areas of financial, regulatory and management reporting, and delivery on related projects. Valuation and Financial Reporting (including Capital Requirements) Responsible for accuracy and quality of the consolidated financial reporting results, including IFRS / EV / regulatory / internal risk metrics / etc. Accountable for compliance with agreed policy / methodology / principles, professional guidance and legislation. Ensure unique complexities within the segment have been considered. Proactively provides analysis and recommends appropriate action to stakeholders. Responsible for accuracy and quality of actuarial portions of regulatory reporting. Business Planning, Forecasts and Monthly reporting Provide actuarial input for the purposes of consolidated business plans and forecasts. Produce monthly reporting of actuarial metrics for the segment as required, including analysis of results and management recommendations as appropriate. Process Ownership and Key Controls Responsible for continuous improvement of team processes and quality of information produced. Responsible for signing off on periodic, internal confirmations on the effectiveness of key controls. Insurance Risk Management Drive the efficiency of processes feeding into or from the Life Liability Committee and the Short-Term Liability Committee. Drive improvements to the understanding and commercial management of life insurance and short-term insurance liability- or capital-related risks across the group through the relevant committees and their initiatives. Management and Leadership Manages a direct team of initially 3 actuarial staff, to ensure effective delivery and performance. Play a key part in influencing the group’s actuarial reporting strategy. Make a significant leadership contribution to managing actuarial finance across the group. Role Requirements: Skills, Qualifications and Experience Qualified Actuary, with a minimum of 8 years actuarial experience, with at least 4 years post-qualification. Previous technical (IFRS, MCEV and Solvency II/FSIs/GOIs) and/or cross-functional co-ordination and/or Client Relationship Management experience would be a strong advantage. Skills Accountability, Financial Analysis and Reporting, People Management 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 Role Overview Join South Africa’s largest actuarial team where your career development is taken seriously and you will experience new and extraordinary aspects of the financial services industry. As South Africa’s Top Employer in the financial services sector, Old Mutual looks forward to welcome you to our team. This Johannesburg- or Cape Town-based role enables the Group Actuarial strategy by: Being the Finance Actuary for the “Shareholder” (OGA - Other Group Activities) segment, which is accountable for life insurance and required capital calculations of group shareholder exposures&business falling outside Old Mutual’s other business segments: Managing relationships between your team and various other teams (actuarial, finance and risk, across legal entities) in order to deliver on set objectives. Planning and delivering actuarial output for the allocated segment. Understanding and interpreting the complex and diverse requirements affecting this segment and entities in it, to ensure delivery of appropriate information from this segment into Group reporting and management structures. Driving commercial management of insurance risks across the group: Driving delivery of content into and through the Life Liability Committee (a committee formed to support the FD in the measurement, monitoring and management of life insurance liability- and capital-related risks across the Group). Embedding operation of the Short-Term Liability Committee (a committee analogous to the LLC but focusing on property and casualty business across the Group) Managing relationships with suppliers of information needed to monitor / manage such risks. Proposing and/or delivering on agreed actions focused on improving the commercial outcomes from better management of such risks. Leading the team delivering both of the above: Take accountability for delivering all their output (including their projects). Managing team processes, continuously improving and ensuring appropriate key controls. Driving high levels of engagement and development of team members, Making a valuable contribution as part of the Group Actuarial management team and other management structures. Duties and responsibilities include: Relationship Management Responsible for managing the relationships between the team and key clients in the entities covered by the team (entity CFOs, Chief Actuary, etc.) and group functions (Planning and business insights, Balance sheet management, etc.). Responsible for managing the relationships between the team and other segment and group actuarial and finance teams, as needed to facilitate delivery. Planning and Co-ordinating Jointly responsible for the co-ordination of deliveries across the actuarial function, in the areas of financial, regulatory and management reporting, and delivery on related projects. Valuation and Financial Reporting (including Capital Requirements) Responsible for accuracy and quality of the consolidated financial reporting results, including IFRS / EV / regulatory / internal risk metrics / etc. Accountable for compliance with agreed policy / methodology / principles, professional guidance and legislation. Ensure unique complexities within the segment have been considered. Proactively provides analysis and recommends appropriate action to stakeholders. Responsible for accuracy and quality of actuarial portions of regulatory reporting. Business Planning, Forecasts and Monthly reporting Provide actuarial input for the purposes of consolidated business plans and forecasts. Produce monthly reporting of actuarial metrics for the segment as required, including analysis of results and management recommendations as appropriate. Process Ownership and Key Controls Responsible for continuous improvement of team processes and quality of information produced. Responsible for signing off on periodic, internal confirmations on the effectiveness of key controls. Insurance Risk Management Drive the efficiency of processes feeding into or from the Life Liability Committee and the Short-Term Liability Committee. Drive improvements to the understanding and commercial management of life insurance and short-term insurance liability- or capital-related risks across the group through the relevant committees and their initiatives. Management and Leadership Manages a direct team of initially 3 actuarial staff, to ensure effective delivery and performance. Play a key part in influencing the group’s actuarial reporting strategy. Make a significant leadership contribution to managing actuarial finance across the group. Role Requirements: Skills, Qualifications and Experience Qualified Actuary, with a minimum of 8 years actuarial experience, with at least 4 years post-qualification. Previous technical (IFRS, MCEV and Solvency II/FSIs/GOIs) and/or cross-functional co-ordination and/or Client Relationship Management experience would be a strong advantage. Skills Accountability, Financial Analysis and Reporting, People Management Education Bachelors Degree (B): Actuarial Science (Required) Closing Date 25 May 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! 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