Intermediate Actuarial Specialist. Actuarial. Omsa
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 different jurisdictions. The team is diverse including the following
Group Modelling and Financial Reporting
Special projects across Old Mutual including IFRS17 implementation
Prophet modelling and support
First line coordination of insurance risk
The team has 2 opportunities available for actuarial students in the early stages of their career, to gain unique experience in the inner workings of a complex financial services group as an Intermediate Actuarial Specialist. Both roles would have a mix of exposure to regular production work, as well as adhoc project work. The roles would expose the individuals to the following
Old Mutuals consolidated external reporting across a range of bases IFRS, MCEV, Prudential Standards,
Group reporting methodologies,
Old Mutual Groups solvency modelling under various scenarios, together with the management of the shareholder funds, and
General exposure to stakeholders across the wider Group, both on the actuarial and accounting side.
The roles will build networks across the wider Group, which will assist with future career development as part of Old Mutuals actuarial rotation programme.
The first role works with areas across the Group that provide inputs into the consolidated Prudential Standards balance sheet and capital calculations both on an historical and forwardlooking basis. The individual will be responsible for reviewing the inputs, and then moving the numbers through the consolidation process up to CFO review stage, and subsequent external publication. A key component is managing the good working relationships that Group Actuarial has with the various segments and teams.
The second role is more directed towards supporting the shareholder portfolio a newly created portfolio. At times the support would be needed during the regular reporting cycles e.G. investigating and explaining results as well with producing inputs to some of the internal oversight committees. A large component would involve working on current strategic issues affecting the shareholder fund, that need actuarial analysis.
Regular reporting historical forwardlooking
Check the quality and reasonability of input data received
Consolidate and summarise the results in the agreed formats
Check the results for reasonability and compare it to previous results
Engage with suppliers to ensure results are wellexplained and understood
Draft the commentary and prepare slides for the senior review meetings
Thought leadership for actuarial reporting
Assist with ad hoc requests from the wider business e.G. product owners, other finance areas
Involvement and assistance with projects
Continuous improvement of existing processes with the aim of improving overall efficiency
Preparation and improving of existing tools, with a view to developing robust and flexible tools to support our deliveries
Assist with assessing and supporting various strategic projects which will propel and steer the business forward into the future.
Actuarial student with a minimum of 9 9 credits preferred
At least 2 years actuarial experience preferred, but considerations will also be given to strong graduates with less work experience.
Financial or capital reporting experience would be an advantage .
Strong analytical, technical skills and attention to detail
God communication skills written and verbal and have the ability to interact effectively with stakeholders at different levels in the organization.
Highly motivated and energetic self starter who is good at working with complex tasks under tight deadlines .