Job Title: Actuarial Trainee Life Uganda (No Experience Jobs)
Organisation: UAP Old Mutual Uganda
Duty Station: Kampala, Uganda
About Organisation:
UAP Old Mutual Uganda is owned by UAP Old Mutual Group, a subsidiary of Old Mutual Limited (OML). The Group employs 27 000 people, operates in 14 countries and is listed on five stock exchanges.
Key Duties and Responsibilities:
- A Temporary employee in the Old Mutual Life Assurance Uganda Business;
- Provision of Actuarial Services to Old Mutual Assurance Uganda by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
- Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
- Generate actuarial reports on various technical issues to Group Actuary,
- Provides a service as a temporary employee covering many fields.
- Technical Actuarial Support: assist with conducting and reviewing internal actuarial liability valuations for relevant insurance subsidiaries, IFRS17 valuations, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for OM Life entities.
- Experience Investigations: assist with performing profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
- Solvency and Capital management: assist with solvency computation for the entity on a risk-based capital basis including solvency stress tests.
- Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making.
- Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the life entities. Perform stress and scenario analysis on the plan numbers.
- Reinsurance Support: Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
- Reporting and Documentation: assist with preparation of presentation and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
- Risk Management support: assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
- Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for OM Life businesses.
- Other reasonable duties that may be assigned by management.
Qualifications, Skills and Experience:
- Bachelors Degree (B): Actuarial Science (Required), Bachelors Degree (B): Mathematics (Required)
Skills
- Actuarial Services, Business, Business Decisions, Business Planning, Capital Management, Decision Making, Drawing, Embedded Value, Exploration, Financial Forecasting, Financial Modeling, Investment Strategies, Profitability Analysis, Reinsurance, Risk Management, Scenario Analysis, Solvency
How to Apply:
All candidates should apply online at the link below.
Deadline: 25th August 2025
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline
Level of Education: Diploma, Associate’s Degree
Work Hours: 8
Experience in Months: no experience required