Actuarial Manager - OMAR Mature Markets

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

An exciting opportunity exists within the Old Mutual Africa regions (OMAR) actuarial team that offers exposure to an interesting combination of technical and business issues. This is an opportunity to participate in OMAR’s mature markets – Namibia, Malawi, Zimbabwe.

Reporting to the Finance Actuary of OMAR, the role requires sound technical knowledge of Financial Reporting requirements and OMAR product range, with strong planning and delivery focus. In this role, you will lead a team of actuaries.

Key Result Areas

• Financial, Business & Risk Reporting: Effective and timeous delivery of valuation results covering IFRS profits, value measures, solvency and risk metrics for different stakeholders including: in-country management, OMAR Central, OML Group Actuarial Reporting, OMAR Enterprise risk management, Treasury & Financial Markets and the Office of the Chief Actuary

• Business Planning & Forecasting: Provide actuarial modelling and other input into the segment business plan, and other strategic initiatives.

• Process efficiency and automation: Ensure processes are efficient, robust, fit for purpose and operated within an adequate and effective control environment.

• Ad-hoc projects: Support the delivery of relevant project objectives, as and when these arise.

• Business support: Use actuarial knowledge and skills to provide strategic support to the business and individual OMAR countries on various projects.

• Leading a team – manage, train and mentor an actuarial team.

Requirements: Skills, Qualifications, Experience required

• A qualified Actuary with at least 8 years’ relevant valuation experience.

• A minimum of 3 years post-qualified experience.

• Ability to think strategically and provide business insights.

• Strong technical skills and attention to detail.

• IFRS17, Embedded Value and SAM experience would be an advantage.

• Ability to communicate effectively to diverse technical and non-technical audiences (written and verbal).

• Experience leading a team.

Skills

International Financial Reporting Standards (IFRS)

Competencies

Balances Stakeholders

Builds Effective Teams

Builds Networks

Business Insight

Communicates Effectively

Decision Quality

Ensures Accountability

Financial Acumen

Education

Bachelors Degree (B): Actuarial Science (Required), Fellow Of Actuarial Society Of South Africa (FASSA) (Required)

Closing Date

16 July 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.

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