Intermediate Actuarial Specialist: Retail Protection Product Delivery

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

Job Description

The Team:

The Retail Protection Delivery Team is responsible for the design, development and maintenance of new and existing retail protection propositions across the lower and middle-to-high income markets in South Africa. Development support is also provided to our Namibian business.

We are passionate about developing simple, yet innovative propositions that are relevant to our customer’s needs, deliver on its promises and ultimately enable our customers to achieve their financial dreams and goals.

The Retail Protection Delivery team has an exciting opportunity for an Intermediate Actuarial Specialist. A key focus will be the delivery of major projects and product developments across the South African and Namibian retail market as well as providing ongoing support and product management to Old Mutual’ s retail protection products. The role will support the current product ranges as well as any new and innovative propositions for our retail customers. This includes but will not be limited to Life, Disability, Severe Illness and Funeral Cover.

Key Result Areas

Play a key role in the design and ongoing management of the Retail Protection product range

Produce and maintain product specification documents related to the above

Manage risk and competitiveness of protections products

Provide product support on technical product rules, underwriting and/or claims

Incorporate regulatory impacts into retail protection products

Work cross-functionally within an Agile team structure to deliver on pre-defined pieces of work and support the technical actuarial aspects of the delivery of solutions including working with teams to break Features into stories and agreeing acceptance criteria.

Active involvement in certain team meetings: Feature writing (if required), PI planning, all team meetings such as Daily Stand Ups, Sprint Reviews, Sprint Retrospectives, Sprint Planning and Backlog Refinement.

Requirements: Skills, Qualifications and Experience required

Actuarial student with a minimum of 9 exam credits and 2 years’ actuarial experience

Product development experience would be an added advantage

Business acumen and negotiation skills

Good interpersonal and communication skills

Ability to work independently, as well as in a team

Ability to work on a wide range of deliverables over a given period of time

Good time management to work towards deadlines

Competencies

Strategy

Innovation

Leading with Influence

Collaboration

Customer First

Execution

Personal Mastery

Skills

Computer Literacy, Data Compilation, Data Controls, Executing Plans, Information Management, Insurance Product Management, Insurance Sales, Legal Practices, Numerical Aptitude, Risk Management

Competencies

Action Oriented

Balances Stakeholders

Builds Networks

Business Insight

Collaborates

Communicates Effectively

Cultivates Innovation

Decision Quality

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

11 October 2025, 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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JR-72102