Senior Actuarial Specialist

Senior Actuarial Specialist page is loadedSenior Actuarial SpecialistApply remote type Hybrid locations Pinelands Johannesburg time type Full time posted on Posted 2 Days Ago job requisition id JR-65958Let's Write Africa's Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.Job DescriptionThe Distribution Economics team offers a rare chance for an actuary to gain hands on experience across multiple sales channels, applying actuarial, behavioural economics and data science techniques to maximize Value of New Business (VNB).You will collaborate closely with Finance, Valuation and Business Partner colleagues to ensure our sales strategies are sound, commercially viable and aligned to our broader financial objectives.As part of Old Mutual's Mass Foundation Cluster (MFC) within the Finance function, you'll help drive distribution to South Africa's lower income market—a segment where MFC has built its success.
In this role, you'll contribute to sales business planning, shape strategic positioning, and engage directly with our sales teams to understand front line challenges and opportunities.Immerse yourself in MFC's purpose driven culture—our strong heritage and commitment to integrated financial solutions that are affordable and accessible is what sets us apart.Partner with sales staff from different channels including tied, broker, franchise, virtual and digital channels, ensuring our analytics and recommendations translate into real world impact.Influence the future of MFC through input on business planning and strategic initiatives.Help reshape our distribution model in response to evolving regulations, AI advancements and industry trends.What we're looking for:Strong strategic, financial and commercial acumen.Proven ability to translate data driven insights into practical, sales focused recommendations.Excellent stakeholder management, with experience working alongside finance, actuarial valuation and commercial teams.A passion for using analytics to bridge the gap between customers' resources and their financial service needs.Key Result AreasDevelop and implement remuneration and incentive frameworks tailored to each distribution channel, ensuring they support and drive MFC's strategic goals.Build and maintain channel-specific models—incorporating demographic and financial data—to evaluate the costs, benefits, and alignment of existing reward structures, and recommend enhancements where needed.Clearly articulate incentive criteria and remuneration policies to all stakeholders, ensuring transparency and understanding.Support sales business planning efforts by forecasting sales volumes and distribution expenses and integrating these projections into broader financial plans.Prepare and present regular reports on key financial metrics for each channel to both Finance and Distribution leadership.Offer strategic guidance and hands-on support to sales teams, helping them manage and grow their businesses effectively.Partner with Finance and Actuarial colleagues to create, validate, and update robust financial models—particularly those measuring Value of New Business (VNB)—that underpin decision-making across our distribution network.Requirements:Fully or nearly qualified actuaryCreative, solution-oriented mindset with high energy and a passion for innovationStrong commercial awareness and adept negotiation capabilitiesSelf-starter attitude—takes ownership, acts proactively, and adapts quickly to changing prioritiesProven track record in applying actuarial methods to real-world business challengesResilient under pressure, with the ability to deliver quality work to tight deadlinesExcellent interpersonal skills, with clear and persuasive communication both written and verbalCompetenciesStrategyInnovationCustomer FirstCollaborationPersonal MasteryExecutionThe 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 questionSkillsCompetenciesBalances StakeholdersBuilds NetworksBusiness InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision QualityDrives ResultsEducationNQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalentClosing Date11 May 2025 , 23:59The 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 Old Mutual Story!Similar Jobs (2)Senior Actuarial Specialistlocations Johannesburg posted on Posted 2 Days AgoSenior Actuarial Specialist: Product Solutions: Legacy & Product Managementremote type Hybrid locations 2 Locations time type Full time posted on Posted YesterdayOld Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries.
The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
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