Junior Product Actuary

Lets Write Africa's Story Together!

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

Job Description

Key responsibilities

• Coordinate local data collection and validation for product pricing and performance monitoring in Uganda.
• Run pricing models and calculators for Uganda product initiatives under guidance from the Senior Actuarial Assistant and EA Product Actuary.
• Support preparation of Uganda-specific product approval documentation, including internal approval packs and regulatory submissions.
• Assist the Actuarial Manager – Uganda with understanding and incorporating product changes into valuation and IFRS17 processes where relevant.
• Document local processes and contribute to building a sustainable Uganda product actuarial knowledge base
• Produce or support local product performance MI in line with East Africa standards
• Managing and validating product-related data;
• Running pricing models under supervision;
• Supporting preparation of local product documentation and regulatory submissions; and
• Contributing to building Uganda’s product actuarial capability over time.

Key Competencies

• Strong data handling and analytical skills.
• Comfortable operating in a matrix reporting environment (regional and local).
• Proactive learner, able to work with evolving processes and growing capability.
• Good communication skills and collaboration mindset.

Knowledge and Experience

• Degree in Actuarial Science, Statistics, Mathematics or related field
• Progress in actuarial examinations preferred.
• 0–3 years’ actuarial or analytics experience; Uganda insurance or pensions experience advantageous.

 ANTI-MONEY LAUNDERING (AML) EXPECTATION

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

Skills

Competencies

Education

Closing Date

The Old Mutual Story!