Your time is now to be your exceptional best at Old Mutual! Job DescriptionThe 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. The Group Actuarial team is part of the Old Mutual Group Finance division, reporting directly to the Group Chief Financial Officer. The team operates and provides exposure across all the businesses in Old Mutual including the various jurisdictions. The team has an opportunity available for an experienced actuary to gain unique experience in the inner workings of a complex financial services group. This role will report to the Finance Actuary and be responsible for delivering Old Mutual’s actuarial financial results (IFRS and MCEV bases), with the support of a team of actuaries and accountants. The role will build networks across the wider Group, which will assist with future career development as part of Old Mutual’s actuarial rotation programme. Financial Reporting (IFRS / Embedded Value) - Manage the team involved in delivering consolidated results (analysis of surplus, closing balances, etc.) for the OML Life & Savings business, from approving the economic assumptions, and reviewing the various valuation results received, through to producing the required output on time, and at the right quality. Key Result Areas: ?IFRS17 preparation - Work with the main project team to ensure Group Actuarial processes, tools and resources are developed and in place in time for parallel reporting. Regulatory Reporting - Work with the regulatory reporting team to provide required actuarial inputs into the annual submissions to the Prudential Authority, as well as the International Association of Insurance Supervisors. ?Governance framework - Ensure the reporting processes are adequately controlled and compliant with relevant actuarial methodology principles. Co-ordinate the meeting requirements for the OML Life Liability Committee. Operational improvements - Ensure sufficient priority is given to maintaining and improving the tools used in the team’s various processes, including both the actuarial use of OML’s financial consolidation platform, and the team’s spreadsheets. Qualifications and Experience required: • Qualified actuary • At least 8 years’ actuarial experience (most of which was in a finance reporting role) • 2-3 years’ management experience • Ability to collaborate effectively with others, with strong stakeholder engagement skills • Strong technical skills in actuarial reserving and analysis of surplus • Organisation and planning • Ability to work on a wide range of deliverables at once, drive projects to completion within agree timelines • Strong sense of ownership, requiring minimal guidance and proactively seeking for solutions • Ability to gather a wide range of information, filter and then use in making sound and balanced decisions • Strong business acumen • Excellent communication skills (both written and verbal) • Willing to learn and grow The incumbent will have an added advantage if he/she has had exposure to group consolidation and accounting reporting processes. Please note that the appointments may be made at a lower role size depending on the successful candidates’ experience, skills and exam progress. SkillsFinancial Consolidations, Management Reporting, Operational Improvements, People Management, Regulatory Reporting, Reporting Processes EducationFellow Of Actuarial Society Of South Africa (FASSA): Actuarial Science (Required) Closing Date27 July 2021
