Job Description
The Old Mutual Legacy and Product Management Team is seeking a suitably qualified individual for an Actuarial Supervisor role. This exciting opportunity offers exposure to an interesting combination of technical and business issues. The role requires a technically sound individual, who can collaborate effectively with various teams and stakeholders at all levels.
This is a unique opportunity as the incumbent will play a leading role in managing a suite of closed retail products that span the evolution of savings and risk solutions in South Africa from reversionary bonus policies to universal life products, unit trusts and other more modern composite investment solutions. The products have significant assets under management and service more than half a million customers.
As the regulatory environment and industry standards evolve, we need to ensure the suite keeps abreast of these changes which will require the individual to navigate a wide range of technical and business issues. The adaptability of this diverse product set requires adaptability in thinking and the ability to collaborate and execute in partnership with a wide set of stakeholders across the business including senior management, other product areas, marketing, client servicing, IT, legal and compliance.
While managing and supporting team members with BAU items, the focus will largely be to drive strategically significant projects (of various sizes) for the book. This will include innovating the processes and systems on which these products are administered and driving the take-on of new closed product ranges within the team.
Highly significant changes are underway in this space, and we are looking for an individual with a passion for delivering fair customer outcomes, change management and execution to dig in and drive these changes across the line.
Key Result Areas
- Crafting proposals and driving the implementation of changes and enhancements to existing closed products taking into account the overall closed products strategy, customer fairness, the regulatory environment etc.
- Representing the area on projects driving the implementation of regulatory changes and new industry standards.
- Support the take on and ongoing product management of closed books taken on within the team
- Ongoing product management of existing closed products including providing technical actuarial product oversight and support
- Product management functions include (but are not limited to):
- Implementing various annual rate reviews across products
- Compiling ad hoc data extracts and analysing product data for internal management reporting
- Assisting with client complaints resolution incl. OMBUD cases, high profile media cases etc.
- Query management
- Management of actuarial staff
- Qualified actuary or Actuarial student with a minimum of 11 credits with at least 4 years actuarial experience.
- Self-starter who shows initiative and is able to drive projects to completion with minimal guidance.
- Business acumen and negotiation skills.
- Good interpersonal and communication skills.
- Ability to work on a wide range of deliverables at once.
- Product experience would be an advantage.
- Customer First
- Leading with Influence
- Collaboration
- Execution
- Personal Mastery
- Strategic
- Innovation
Skills
Collaboration, Communication, People Management, Product Management
Education
Bachelor of Science (BSc): Actuarial Science (Required)
Closing Date
11 November 2023
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.
