Junior Actuarial Analyst
Old Mutual South Africa
Let's Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
As a Junior Actuarial Analyst, you will be responsible to perform assignments of a variety actuarial-related tasks, e.g., compilation and analysis of losses and reserves. You will develop and enhance procedures including review for actuarial soundness. The analysis of completed work for reasonableness and accuracy is also a critical aspect in this role, and you may also recommend specific courses of action. You will work collaboratively with different stakeholders, with support from the Actuarial Heads, Senior Managers and Managers.
Responsibilities will include the following
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.
Actuarial Financial Reporting
Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.
Actuarial Model Creation and Maintenance
Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.
Actuarial Product Development & Management
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.
Organizational Risk Management
Gather, monitor and analyze risk, financial management and control data and recommend further investigation. Involves using established risk management models, systems and protocols and working under direction.
Actuarial Calculation Of Funding Requirements
Carry out specified analysis of funding contributions, like employee benefit programs, to support the evaluation of future funding requirements.
Compliance
Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
Improvement/Innovation
Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.
Knowledge, Skills and Experience required:
- Must be studying Honours in Actuarial Science at one of the ASSA-accredited universities
- Must have an impressive academic track record
- Minimum of 5 exemptions
- Must be prepared to be based in Parktown, Johannesburg should you be successful
The Recruitment Process
- TA Interview: This will be a discussion with our 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 us 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 Vetting through an external service provider & Internal Verification.
- 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
Skills
Action Planning, Actuarial Analysis, Actuarial Modeling, Application Development, Business Requirements Analysis, Computer Literacy, Data Compilation, Data Controls, Data Management, Data Modeling, Executing Plans, Gap Analysis, IT Network Security, Management Reporting, Market Analysis, Policies & Procedures, Risk Management, User Requirements Documentation
Competencies
Action Oriented
Collaborates
Cultivates Innovation
Customer Focus
Drives Engagement
Drives Results
Manages Ambiguity
Manages Complexity
Education
Bachelor of Science Honours (BSc Hons): Actuarial Science (Required), NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent
Closing Date
30 August 2026 , 23:59
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.
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