About Old Mutual Uganda

Old Mutual is a leading pan-African financial services group offering life assurance, asset management, banking, and property/casualty insurance across 14 African countries. Our mission is to Champion Mutually Positive Futures Every Day by nurturing talent and delivering innovative financial solutions.

Job Purpose

The Actuarial Trainee - Life Uganda will provide actuarial support through technical analysis, financial modeling, and business planning at Old Mutual Life Assurance Uganda, while gaining hands-on experience in the insurance industry.

Main Duties

Category	Responsibilities
Actuarial Valuations & Analysis	- Assist with internal actuarial liability valuations for insurance subsidiaries. - Support IFRS17 valuations and embedded value calculations using Prophet and Excel. - Conduct profitability and surplus analysis to inform business decisions.
Experience Investigations	- Perform mortality, lapse, and expense analyses. - Support product reviews and pricing exercises.
Capital & Solvency Management	- Assist with risk-based capital calculations. - Conduct solvency stress testing.
Financial Modeling & Planning	- Develop financial models for business scenarios. - Support strategic planning with projections and scenario analysis.
Reinsurance Optimization	- Analyze reinsurance arrangements for East African subsidiaries.
Reporting & Documentation	- Prepare board papers, regulatory reports, and management presentations. - Document actuarial processes and findings.
Risk & Investment Support	- Assist in risk quantification (market, credit, insurance risks). - Contribute to investment strategy development.

Qualifications & Requirements

Requirement	Details
Education	- Bachelor’s Degree in Actuarial Science or Mathematics (Required). - Progress toward actuarial exams (ASA/CAS/SoA) preferred.
Skills & Competencies	- Strong analytical and quantitative skills. - Proficiency in Excel, Prophet, and statistical software. - Knowledge of insurance products and financial reporting. - Familiarity with IFRS17, Solvency II, or similar frameworks. - Excellent communication and report-writing skills. - Ability to work effectively in a team.

Why Join Old Mutual?

Benefit	Details
Practical Experience	Gain hands-on actuarial experience with a leading insurer.
Pan-African Exposure	Engage with insurance operations across 14 African countries.
Mentorship	Receive guidance from experienced actuaries.
Career Growth	Opportunities to advance in the financial services industry.