Senior Actuarial Specialist – Retail Protection Product Development

Old Mutual Limited

Senior Actuarial Specialist at Old Mutual focusing on retail protection product development. Collaborating across teams to innovate and manage product lines in the South African market.

Posted 4/30/2026full-timeJohannesburg • 🇿🇦 South AfricaSeniorWebsite

About the role

Key responsibilities & impact

Play a leading role in the design and ongoing management of the Retail Protection product ranges.
Leverage actuarial expertise to provide product support on technical product rules, underwriting and claims to solve business challenges and address customer or advisor queries.
Produce and maintain product specification documents related to the above.
Apply a risk management and market conduct lens across tasks to ensure robust product design and decision making.
Incorporate regulatory impacts into retail protection product design and correspondence.
Work cross-functionally to deliver on pre-defined pieces of work and support the technical actuarial aspects of the delivery of end-to-end solutions.
Manage stakeholder expectations.
Drive process efficiencies and innovation by leveraging technology, data, market insights and design thinking.

Requirements

What you’ll need

Nearly or newly qualified actuary, or actuarial student with excellent exam progress, and a minimum of 4 years’ relevant experience.
Product development experience would be an added advantage.
Exposure to coding or process automation will be beneficial.
Business acumen and negotiation skills.
Strong interpersonal and communication skills, with the ability to collaborate effectively across teams with diverse skill sets.
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.
Ability to complete tasks within agreed timelines with minimal guidance.
Capacity to work under pressure when required.

Benefits

Comp & perks

Exposure to a wide range of complex retail protection products to grow your technical product development expertise.
Ability to bring forward creative ideas to support the business in responding to internal and external challenges including using technology and digital solutions to rethink and optimise ways of work.
Being part of a dynamic team focused on reshaping the proposition and associated processes to deliver customer value and support advisors in a competitive market.
Build your stakeholder engagement skills.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

actuarial expertiseproduct developmentrisk managementcodingprocess automationproduct specification documentationdata analysismarket insightsdesign thinking

Soft Skills

business acumennegotiation skillsinterpersonal skillscommunication skillscollaborationindependencetime managementability to work under pressure

Certifications

qualified actuaryactuarial student