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16 Jun 2023

Intermediate Actuarial Specialist at UAP Insurance

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Job Description

Job Description

Provide a technical and fit-for-purpose actuarial business partnering service to Old Mutual Africa Region’s General Insurance (GI) entities [i.e. entities in Botswana, Namibia, Nigeria, Zimbabwe and the UAP-OM Group (operating in Kenya, Rwanda, Tanzania, Uganda and South Sudan)].

Key Result Areas

Project Delivery:

Working with the business units to formulate and manage data-driven projects which are geared at furthering the business’s interests.
Collating and cleaning data from various entities for use in the assigned data projects.
Working with stakeholders to ensure successful completion of assigned projects.

Business Planning:

Provided actuarial support during the business planning process

Business Partnering:

Assisting business units to monitor and report the performance of key projects and strategic initiatives.
Selecting and employing advanced statistical procedures to obtain actionable insights.
Assist the business units to assess through producing non-technical reports that detail the successes and limitations of each project/strategic initiatives.
Suggesting ways in which insights obtained might be used to inform business strategies.
Staying informed about developments in the operating environment to ensure that outputs are always relevant.
Risk Management and control environment:

Assist the business units to implement data validation programs to improve on the reserving/reporting controls
Maintain and refine a reporting process to ensure timely and accurate distribution of relevant management information to RoA countries, Old Mutual Africa (OMA) and Old Mutual Limited (OML)
Provide support in developing appropriate capital management metrics and a capital management framework for the GI entities within the Group
Provide support to the Risk Management Function, including the ORSA
Support the Corporate Actuary and the Finance Actuary in performing their oversight functions across the RoA entities

Provide support to the Corporate Actuarial team coin the implementation of IFRS17 across the various OMAR entities
Reinsurance Support

Provide actuarial support, as applicable, in structuring reinsurance programs and assessing performance of the structures for entities in the Group.
Maintain effective people practices
Empower emerging leaders and specialists to achieve technical excellence and innovation

Requirements: Skills, Qualifications, Experience required

Relevant bachelor’s degree in actuarial science, statistics, or mathematics
Proficiency in R or Python , where the latter is preferred and power BI.
In-depth understanding of SQL.
Competent in machine learning principles and techniques.
Ability to relay insights in layman’s terms, such that these can be used to inform business decisions.
Demonstrable history of devising and overseeing data-centered projects.
Capacity to foster a healthy, stimulating work environment that frequently harnesses teamwork.
Senior actuarial student making good progress with exams (exceptional candidates who don’t meet this requirement may be considered)
At least 3 years actuarial experience
Strong technical and problem-solving skills
A strong sense of accountability
Travel is a requirement and compliance with prevailing ethical standards.


Bachelor of Science (BSc): Actuarial Science

Closing Date

26 June 2023

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.

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Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 21st June, 2023.

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