Junior Actuarial Specialist

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 Junior Actuarial Specialist plays a crucial role in supporting the actuarial team by performing technical actuarial tasks and utilizing advanced systems and software packages. This entry-level position involves working closely with senior actuaries to analyze and interpret complex data, assess risks, and contribute to the development of actuarial models.

The role serves as a foundational step in a promising actuarial career. With experience and demonstrated proficiency. This role provides an excellent opportunity for professional growth and development, offering exposure to diverse actuarial challenges and the chance to contribute meaningfully to the success of the organization.

Key Result Areas:

Actuarial Service Delivery:

• Technical Tasks:
• Execute complex actuarial work using advanced systems.
• Ensure technical accuracy and model implementation.
• Data Analysis:
• Check, manipulate, and draw conclusions from extensive data.
• Translate actuarial concepts into client-friendly language.

Personal Effectiveness:

• Accountability:
• Own service delivery through individual efforts.
• Manage time, tasks, and output quality independently.
• Collaboration:
• Collaborate effectively with the team for collective success.
• Uphold company values and ethical standards.

Task Execution:

• Data Handling:
• Efficiently collect, cleanse, and manipulate data.
• Ensure accuracy in fee, pricing, and correction calculations.
• Review and Analysis:
• Assist in fee/pricing reviews and experience investigations.
• Provide clear feedback and contribute to report drafting.
• Competitor Analysis:
• Analyze industry competitors and offer strategic insights.

Qualifications:

• Actuarial student status.
• Minimum of 4 actuarial examination credits.

Skills:

• Proficient in Excel for data analysis and modeling.
• Accurate and efficient data manipulation skills.
• Strong English communication skills, both written and verbal.

Experience:

• Actively pursuing an actuarial career.
• Familiarity with actuarial concepts and processes.

Competencies:

• Demonstrates a proactive and self-starting approach.
• Takes initiative in solving problems and addressing challenges.
• Presents possible solutions based on analytical insights.
• Exhibits a big-picture view while maintaining attention to detail.
• Effectively communicates in English, ensuring clarity and precision.
• Builds relationships with colleagues through clear and concise communication.
• Asks probing and relevant questions to gain a deep understanding of tasks.
• Displays a curiosity for the actuarial field and seeks continuous learning.
• Builds positive relationships with team members.
• Collaborates effectively to achieve common goals.

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.

Skills

Analytical Thinking, Communication, Proactive Approach, Taking Initiative, Teamwork, Time Management

Education

Bachelors Degree (B): Actuarial Science (Required)

Closing Date

30 December 2023

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 Mutuals 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.

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