Internal Actuarial Consultant

Let's Write Africa's Story Together!

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

Our roots are in insurance and actuaries continue to be a critical talent pool for us. In fact, we are one of the largest communities of actuaries in South Africa, and we continue to grow this capability across the African continent. As a key component of our journey to build a world class team of actuaries, we have set up an internal actuarial consultancy.

We are looking for talented, curious individuals to join us on the journey to shape the future of Old Mutual through our internal consultancy, doing great things, everyday.

We have established an internal talent pool in our consultancy, providing the best of both the corporate and consulting worlds for our top talent. Roles within the internal consultancy provide you with the opportunity to have a real and meaningful impact on the business, in an environment that supports innovation, experimentation, mentorship and learning. Through the consultancy you can build in-depth understanding of the different parts of our business through cross-segment and business exposure, a focus on solving real business challenges as well as new world-of-work flexibility in work arrangements.

Role Description

• Firm-wide exposure, cross-segment and business
• A focus on strategic projects and important business initiatives across Old Mutual, as well as supporting areas of high demand for actuaries. Helping to solve complex business challenges and to identify and unlock opportunities to drive extraction of value across the business / provide commercial insights
• Working in small dynamic teams with flat hierarchies where you see the impact of your work directly
• Outstanding learning and mentorship environment
• Part of a diverse team with different skills, background, experience and perspectives
• Opportunity to build a broad range of skills in addition to technical actuarial ability, including business and strategy awareness, stakeholder engagement, communications, collaboration, agile practices etc.
• A springboard to a broader OML career

Requirements: Skills, Qualifications and Experience required

• Actuarial student showing excellent exam progression, (12 or more exam credits)
• Prophet modelling experience would be a strong advantage
• Particularly experience with Old Mutual’s OM1 models would be advantageous
• The roles will suit balanced individuals with sound technical knowledge, an aptitude for commercial and innovative thinking and the ability to engage with a variety of stakeholders
• Previous experience of working in a consultancy or similar environment would be a strong advantage

Please note: the appointment may be made at a lower role size depending on the successful candidates’ experience and exam progress.

Competencies

• Strategy
• Innovation
• Leading with Influence
• Collaboration
• Customer First
• Execution
• Personal Mastery

Skills

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

Competencies

Balances Stakeholders, Builds Networks, Business Insight, Collaborates, Communicates Effectively, Cultivates Innovation, Decision Quality, Drives Results

Education

Bachelor of Science (BSc): Actuarial Science (Required)

Closing Date

26 June 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.

The Old Mutual Story!