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Blantyre, Blantyre, Malawi
Onsite
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Performs assignments of a variety actuarial-related tasks, e.g., compilation and analysis of losses and reserves. Develops and enhances procedures including review for actuarial soundness. Analyzes completed work for reasonableness and accuracy, and may recommend specific courses of action. OML roles mapped to this profile are: Junior Actuarial Specialist and Junior Actuarial Specialist (OMAO).Analyze and present data using pre-set tools, methods, and formats, testing completed work for reasonableness and accuracy to contribute to the production of actuarial analyses, assumption setting and insights. Produce accurate reports for others by requesting data from a variety of standard sources and inputting that data into standard formats.
Carry out complex actuarial analyses to contribute to the production of statutory and non-statutory financial reports and other disclosures.
Contribute to the development and maintenance of actuarial models through analysis to identify and validate the structure of underlying actuarial assumptions.
Carry out complex analyses of own organization and competitor products to support the identification of opportunities for creating competitive advantage in existing or new products and ensuring their continuous management.
Gather, monitor and analyze risk, financial management and control data and recommend further investigation. Involves using established risk management models, systems and protocols and working under direction.
Carry out specified analysis of funding contributions, like employee benefit programs, to support the evaluation of future funding requirements.
Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
Implement improvements and provide feedback on them. Use change management systems and protocols to provide routine support services.
Run and monitor Prophet valuation models for monthly, quarterly and annual reporting.
• Perform IFRS 17 end-to-end results reviews including FCF, RA and CSM analysis.
• Support assumption reviews and experience investigations.
• Perform data validation and valuation reconciliations.
• Support Embedded Value and Value of New Business reporting.
• Assist with model testing, model changes and governance documentation.
• Prepare actuarial management information, board reports and regulatory reports.
• Provide support to the product development team
Skills
Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk ManagementCompetencies
Action OrientedBalances StakeholdersBuilds NetworksCollaboratesCommunicates EffectivelyCultivates InnovationEnsures AccountabilityFinancial AcumenEducation
Bachelors Degree (B): Actuarial ScienceClosing Date
30 October 2026 , 23:59The Old Mutual Story!
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