Junior Product Actuary
Old Mutual · Kampala
Lets Write Africa's Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The job holder will serve as the local actuarial focal point for product-related activities in Uganda by managing and validating product data, supporting product pricing and analysis, coordinating local product documentation and regulatory submissions, and contributing to the development of sustainable actuarial product capabilities within the business.The role acts as a key link between local and regional actuarial teams, ensuring that product initiatives are informed by accurate data, sound actuarial analysis, and regulatory requirements.
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
Analytics, Due Diligence, Enhanced Due Diligence, Executing Plans, IT Network Security, Leadership, Management Reporting, Market Analysis, Policies & Procedures, Product ApprovalsCompetencies
Action OrientedCollaboratesCultivates InnovationCustomer FocusDrives EngagementDrives ResultsManages AmbiguityManages ComplexityEducation
Bachelors Degree (B): Actuarial Science (Required), Bachelors Degree (B): Mathematics, Bachelors Degree (B): StatisticsClosing Date
31 October 2026 , 23:59The Old Mutual Story!