Actuarial Manager

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Job Description

An exhilarating opportunity for an Actuarial Manager has become available with the Old Mutual Corporate Actuarial Finance Team. The role will drive change and oversee the financial reporting and business support on the Group Annuity and Group Investment products for Old Mutual Corporate. The Group Investments include Old Mutuals market leading smoothed bonus book.

A key focus will be to lead a team of professionals responsible for valuation, reporting and the extraction of business insights to inform management decision making. This will require sound technical knowledge and a focus on modelling and building a high-performance culture within the team.

The role will report to the Corporate Segment Finance Actuary and work closely with the CFO and the Business Partner Actuary of the business unit to ensure all reporting requirements are well understood and deliveries met. In addition to sound technical knowledge, the role will require a large element of management and coaching. Stakeholder engagements will focus on the key financial drivers across the product ranges, financial metrics and insights extracted for business consideration. The role will participate in various projects, with the immediate focus including IFRS17 implementation, which will present opportunities to develop further insights and influence reporting within and across the Business and Finance Community.

Key Result Areas:

• Financial & Risk Reporting: Effectively manage the team to ensure that valuation, capital and other risk reporting are produced with appropriate supporting analysis and commentary.
• IFRS 17 implementation: Manage the implementation of the IFRS17 project, with a key focus on embedding it in the operational deliveries.
• Business Partnering: Extract insights for business consideration and collaborate effectively with both business and specialized areas across all levels.
• Support product development, product reviews and experience investigations.
• Business Planning / Forecasting: Produce information for forecasting and ongoing monitoring of the financial impacts of the business strategy.
• Reporting Capability: Ensure processes and models are efficient, robust and fit for purpose. Drive synergies and standardization and ensure the control environment is adequate and effective.
• Projects: Support the delivery of relevant projects objectives as and when these arise.

Requirements:

• Qualified Actuary, extensive actuarial experience
• Management track record is essential
• Financial reporting and/or valuation experience

The following would also be advantageous:

• Experience in process improvement and optimisation
• Local life insurance knowledge
• Knowledge of the Corporate (business to business) insurance environment, products and systems

Key behavioral skills and attributes required to fulfill this role:

• Self-motivated and energetic individuals who enjoy the challenge of tackling complex issues
• Excellent interpersonal and communication skills, including the ability to influence stakeholders outside his/her immediate area
• Organisation and Planning
• Ability to work on a wide range of deliverables at once, drive projects to completion
• Strong sense of ownership, requiring minimal guidance
• Drives organisational change by building a strong team culture focusing on high-performance and learning
• Ability to gather a wide range of information, filter and then use in making sound and balanced decisions
• Strong business acumen

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

Advanced Microsoft Excel Skills, Business Planning, Communication, Deliverables Management, Financial Analysis and Reporting, Interpersonal Relationships, Organizing, People Management, Process Improvements, Strategic Objectives, Teamwork, Technical Knowledge

Education

Fellow Of Actuarial Society Of South Africa (FASSA) (Required), Fellow Of The Institute Of Actuaries (Required)

Closing Date

15 April 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.