Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The role is a great opportunity to be involved in a new product launch in the short term, but also learn and grow as the product moves in its life cycle and gain experience in the end to end insurance value chain. This requires engaging with a variety of stakeholders.
The incumbent will be required to provide support to various functions including testing systems before the products can be launched and making alterations as needed.
The incumbent may also support developing new features and new products and pricing thereof as new regulation is released or new competitive or business demands emerge.
Role Description / Key Performance Areas
- Product development and implementation, including system testing
- Documentation of technical specifications
- Building and maintaining actuarial models
- Automating of processes and reports using programming/coding techniques
- Ensuring client correspondence and marketing material are consistent with product rules
- Supporting the proposition management function with technical actuarial work
- Assessing and recommending decisive action relating to customer value for money
- Investigations related to product rules, business optimization and feasibility studies, including product strategy
- Actuarial student making good progress with exams
- Work experience in a product development environment
- Knowledge of Savings and Income products and corresponding regulation
- Experience and knowledge of actuarial models used to support the above-mentioned products
- IFSR17 exposure would also be an advantage
- Strong technical skills and attention to detail
- Good interpersonal skills and ability to work in a team and across teams
- Good communication skills (both written and verbal)
- Ability to plan and prioritize
- Motivated self-starter who shows initiative, is proactive and looks for ways to improve existing processes
- Able to complete tasks within agreed timelines with limited guidance
- High levels of drive, energy and innovation
- Willing to learn and grow
- Microsoft Office (Word, Excel, PowerPoint, Access)
- Programming knowledge advantageous
Skills
End-to-End Testing, Microsoft Excel, Problem Solving, Product Development
Education
Bachelor of Science (BSc): Actuarial Science (Required)
Closing Date
14 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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