Senior Actuarial Supervisor - Johannesburg
Old Mutual Limited Ltd.
Let's Write Africa's Story Together Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. The Personal Finance Valuation team has an exciting opportunity for a suitably qualified individual to oversee and support the production of the Financial, Capital and Risk reporting requirements for a subset of the product range. A key focus will be to lead a small team of professionals responsible for the reporting, forecasting and monitoring of a subset of the PF product range. The role provides the opportunity to develop in-depth knowledge of the valuation process, product range, PF business and engage with senior management. Key Result Areas Financial Reporting - Produce IFRS17, MCEV and SAM results. Presenting results to management and effectively explaining key drivers of results (for all relevant metrics) Monthly Reporting and Monitoring - Ongoing monitoring and analysis (outside of valuation periods) of the financial impacts of the products responsible for Business Planning / Forecasting - Produce inputs into the business plan and other forecasts to estimate future financial impacts of the products responsible for Management Information - Extract insights and understand the drivers of key financial metrics for business consideration. Capital Management - Oversee production and analysis of capital calculations for the relevant products. Continuous Improvements - Critically reviewing current processes and actuarial models with a view of continuous improvement. Projects - Support the delivery of relevant project objectives as these arise. Leadership - Manage a small team of professionals and provide coaching and mentoring to the team. Skills, Qualifications & Experience required. Qualified Actuary or Senior Actuarial student At least 6 years' actuarial experience Financial reporting and/or valuation experience Management experience High level of accountability and ownership Excellent interpersonal and communication skills Knowledge of the South African life Insurance environment, products and systems would be advantageous. Motivated self-starter who shows initiative, is proactive, looks for ways to improve. The incumbent will have an added advantage if he/she has the set skills listed below. Knowledge of IFRS and Regulatory Solvency valuations Prophet and DCS experience Advanced MS Excel skills Python and SQL skills Competencies Generating Ideas Exploring Possibilities Developing Strategies Developing Expertise Providing Insights Adopting Practical Approaches Making Decisions Taking Action Empower with care. Evolve with agility. Deliver strategic value. Delight the customer. 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 Actuarial Modeling, Capital Management, Financial Analysis and Reporting, International Financial Reporting Standards (IFRS), Management Reporting, Metrics Development, Monthly Reporting, Reporting Requirements, Solvency, Valuating Education Bachelors Degree (B): Actuarial Science (Required), Fellow Of Actuarial Society Of South Africa (FASSA) Closing Date 08 April 2024 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 Mutual's 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. The Old Mutual Story
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