Cell Captive Actuarial Specialist in Palmerston

Let’s Write Africa’s Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

This role presents the opportunity to interact with a variety of internal and external stakeholders, get a full overview of running a life insurance company while driving innovation and transformation of the South African life insurance market. The role demands full ownership of the actuarial result of the portfolio allocated.

Key Result Areas

• Checking and manipulating volumes of data for use in experience investigations, actuarial valuations as well as regulatory submissions.
• Carrying out technical actuarial work, using pre-defined processes and complex systems with minimum guidance. This includes the preparation of IFRS Valuations, IFRS profit calculations and providing insight into results as well as drafting reports.
• Carrying out regulatory solvency calculations at a cell captive client and a life license level.
• Performing calculations for dividend declarations, board reports, product sign-offs and ad-hoc requests.
• Produce regular and ad-hoc experience/financial reports.
• Liaise with a wide range of stakeholders, including actuaries, reinsurers, legal advisors, compliance officers, marketing consultants, data administrators and clients with regard to various cell maintenance processes. This includes, but is not limited to, data requirements, financial reporting, and regulatory reporting and cell product strategies.
• Provide support to the OMART Life team with new cell and product launches.
• Support with ad-hoc OMART Life projects.

Requirements: Skills, Qualifications and Experience required:

• Responsible for technical accuracy and implementation of work.
• Actuarial student making good progress with exams.
• 2-3 years’ experience.
• Prophet and/or DCS experience.
• Strong technical skills and attention to detail.
• Good interpersonal skills and the ability to work in a team and across teams.
• Good communication skills, both written and verbal.
• Ability to plan and prioritise, make decisions and deliver on time.
• Ability to work on multiple deliverables and manage expectations.
• Motivated self-starter who takes accountability, shows initiative and innovates.
• Enthusiasm to learn and grow.
• High level of accountability.
• Decision-making ability.
• Good people skills.
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Access).

The following will be an added advantage:

• Programming skills (Python, R, Visual Basic).
• Advanced Excel Skills.
• Knowledge of IFRS and Regulatory Solvency Valuations.

Please note that the above appointment may be made at a lower role size depending on the successful candidates’ experience and exam progress. Old Mutual Alternative Risk Transfer Limited (OMART Life) is looking for a suitably qualified individual for a role as an Actuarial Specialist. This position within OMART Life offers you the opportunity to form part of the actuarial team of a diverse, growing business that enables innovation in Insurance through cell captive companies. OMART Life is a dynamic life insurance company and regularly interacts with various specialist areas within Old Mutual, both within and outside this business unit.

Skills Competencies

• Action Oriented
• Balances Stakeholders
• Builds Networks
• Business Insight
• Collaborates
• Communicates Effectively
• Cultivates Innovation
• Decision Quality

Closing Date 11 October 2026, 23:59. 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.