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About the Organisation
Actuarial Trainee Life Uganda job at UAP Old Mutual Uganda | Apply Now
Kampala, Uganda
UAP Old Mutual Life Assurance is a leading provider of life insurance and investment solutions in East Africa, committed to helping individuals and businesses protect their financial futures. With a strong reputation for trust and reliability, the company has earned widespread recognition for its customer-centric approach and innovative financial products. Known for fostering a collaborative, inclusive, and dynamic work culture, UAP Old Mutual Life Assurance offers its employees a chance to grow professionally while contributing to the organization’s purpose of improving the financial well-being of its customers.
With a rich history dating back to 1947, the company has evolved through key mergers and partnerships, including its acquisition by Old Mutual in 2015, to become a market leader in the region. UAP Old Mutual Life Assurance’s business model focuses on delivering accessible and innovative life insurance products tailored to meet the diverse needs of its clients. The company operates across multiple African countries, reaching a wide customer base and continuing to expand its footprint. Core values such as integrity, innovation, customer focus, and responsibility underpin the company's operations, while its commitment to corporate social responsibility (CSR) is reflected in initiatives supporting community development, financial literacy, and sustainability. For more information, visit www.uapoldmutual.co.ug.
Are you looking for Graduate Trainee jobs in Uganda 2025 today? then you might be interested in Actuarial Trainee Life Uganda job at UAP Old Mutual Uganda
Full Time
Deadline:
25 Aug 2025
Job Title
Actuarial Trainee Life Uganda job at UAP Old Mutual Uganda
UAP Old Mutual Uganda
Job Description
Job Title: Actuarial Trainee Life Uganda (No Experience Jobs)
Organisation: UAP Old Mutual Uganda
Duty Station: Kampala, Uganda
Duties, Roles and Responsibilities
Qualifications, Education and Competencies
See all details of the qualifications, competencies and education for this role under the "How to Apply" section below.
All candidates should apply online at the APPLY Button below.
Deadline: 25th August 2025
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How to Apply
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.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
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
