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Actuarial Graduate Management Trainee job at Old Mutual
Posted by: great-volunteer
Posted date: 2026-Jul-16
Location: Kampala
Actuarial Graduate Management Trainee 2026-07-16T14:59:20+00:00 Old Mutual https://cdn.ugashare.com/jsjobsdata/data/employer/comp_3231/logo/Old%20Mutual.png https://www.uapoldmutual.co.ug/ FULL_TIME Kampala Kampala 00256 Uganda Insurance Management, Accounting & Finance, Science & Engineering, Business Operations 2026-07-17T17:00:00+00:00 8 About the Role The Actuarial Graduate Management Trainee supports the Actuarial Function by providing actuarial analysis, pricing support, portfolio monitoring, and reporting, primarily for Medical Insurance. The role also provides analytical support to Finance and other insurance business lines to enable informed business decisions and sustainable portfolio growth. Key Responsibilities Pricing & Product Support - Support pricing of new and renewal medical insurance business.
- Assess premium adequacy and prepare quotations.
- Develop pricing recommendations using:
- Claims experience
- Medical inflation
- Utilization trends
- Scheme demographics
- Support benefit design reviews by assessing the cost impact of:
- Benefit changes
- Co-payments
- Deductibles
- Hospital restrictions
Portfolio Analysis & Reporting - Analyze:
- Claims experience
- Loss ratios
- Utilization trends
- Identify key cost drivers and emerging risks.
- Prepare portfolio performance reports to support underwriting and business decisions.
- Produce recurring actuarial reports, including:
- Loss ratio analysis
- Claims ratio studies
- Average premium analysis
- Lost schemes analysis
- Benefit depletion analysis
- Monthly medical portfolio performance reports
Data Analysis & Actuarial Support - Perform:
- Data extraction
- Data validation
- Data reconciliation
- Data analysis
- Assist in developing and maintaining:
- Actuarial models
- Pricing tools
- Reporting dashboards
Process Improvement - Support automation and process improvement initiatives within the actuarial function.
- Participate in projects and contribute to delivery within agreed scope, timelines, and quality standards.
Collaboration - Work closely with:
- Underwriting
- Claims
- Finance
- Medical teams
- Provide actuarial insights to support business decisions.
Compliance & AML Responsibilities The role requires adherence to Old Mutual's Compliance, Anti-Money Laundering (AML), and Sanctions policies by: - Following AML, KYC, and Sanctions procedures.
- Supporting Customer Due Diligence (CDD).
- Conducting ongoing and enhanced due diligence where required.
- Maintaining high-quality customer data.
- Identifying suspicious transactions or compliance breaches.
- Escalating risks to the Risk & Compliance Office.
Qualifications Required - Bachelor's Degree in Actuarial Science or a related quantitative discipline.
- Recent graduate or up to 1 year of relevant internship or work experience.
- Strong analytical, numerical, and problem-solving skills.
- Good verbal and written communication skills.
- Ability to learn quickly and adapt in a fast-paced environment.
Skills & Competencies Technical Skills - Actuarial analysis
- Pricing support
- Portfolio monitoring
- Data analysis
- Microsoft Excel (required)
- Power BI (advantage)
- SQL (advantage)
- R (advantage)
- Python (advantage)
- Management reporting
- Process improvement
- Understanding of insurance and actuarial principles, particularly medical insurance
Soft Skills - Strong analytical and numerical ability
- Excellent report writing
- Effective communication
- Attention to detail
- Problem-solving skills
- Ability to work independently and in teams
- Proactive attitude
- Willingness to learn
- Commitment to continuous professional development
Core Competencies - Collaborates
- Communicates Effectively
- Demonstrates Self-Awareness
- Drives Results
- Ensures Accountability
- Manages Complexity
- Optimizes Work Processes
- Organizational Savvy
Education - Bachelor's Degree in Actuarial Science (Required)
- Support pricing of new and renewal medical insurance business.
- Assess premium adequacy and prepare quotations.
- Develop pricing recommendations using: Claims experience, Medical inflation, Utilization trends, Scheme demographics
- Support benefit design reviews by assessing the cost impact of: Benefit changes, Co-payments, Deductibles, Hospital restrictions
- Analyze: Claims experience, Loss ratios, Utilization trends
- Identify key cost drivers and emerging risks.
- Prepare portfolio performance reports to support underwriting and business decisions.
- Produce recurring actuarial reports, including: Loss ratio analysis, Claims ratio studies, Average premium analysis, Lost schemes analysis, Benefit depletion analysis, Monthly medical portfolio performance reports
- Perform: Data extraction, Data validation, Data reconciliation, Data analysis
- Assist in developing and maintaining: Actuarial models, Pricing tools, Reporting dashboards
- Support automation and process improvement initiatives within the actuarial function.
- Participate in projects and contribute to delivery within agreed scope, timelines, and quality standards.
- Work closely with: Underwriting, Claims, Finance, Medical teams
- Provide actuarial insights to support business decisions.
- Follow AML, KYC, and Sanctions procedures.
- Support Customer Due Diligence (CDD).
- Conduct ongoing and enhanced due diligence where required.
- Maintain high-quality customer data.
- Identify suspicious transactions or compliance breaches.
- Escalate risks to the Risk & Compliance Office.
- Actuarial analysis
- Pricing support
- Portfolio monitoring
- Data analysis
- Microsoft Excel (required)
- Power BI (advantage)
- SQL (advantage)
- R (advantage)
- Python (advantage)
- Management reporting
- Process improvement
- Understanding of insurance and actuarial principles, particularly medical insurance
- Strong analytical and numerical ability
- Excellent report writing
- Effective communication
- Attention to detail
- Problem-solving skills
- Ability to work independently and in teams
- Proactive attitude
- Willingness to learn
- Commitment to continuous professional development
- Bachelor's Degree in Actuarial Science or a related quantitative discipline.
- Recent graduate or up to 1 year of relevant internship or work experience.
- Strong analytical, numerical, and problem-solving skills.
- Good verbal and written communication skills.
- Ability to learn quickly and adapt in a fast-paced environment.
JOB-6a58f1c8156ee Vacancy title:
Actuarial Graduate Management Trainee Jobs at:
Old Mutual Deadline of this Job:
Friday, July 17 2026 Duty Station:
Kampala | Kampala Summary
Date Posted: Thursday, July 16 2026, Base Salary: Not Disclosed JOB DETAILS:
About the Role The Actuarial Graduate Management Trainee supports the Actuarial Function by providing actuarial analysis, pricing support, portfolio monitoring, and reporting, primarily for Medical Insurance. The role also provides analytical support to Finance and other insurance business lines to enable informed business decisions and sustainable portfolio growth. Key Responsibilities Pricing & Product Support - Support pricing of new and renewal medical insurance business.
- Assess premium adequacy and prepare quotations.
- Develop pricing recommendations using:
- Claims experience
- Medical inflation
- Utilization trends
- Scheme demographics
- Support benefit design reviews by assessing the cost impact of:
- Benefit changes
- Co-payments
- Deductibles
- Hospital restrictions
Portfolio Analysis & Reporting - Analyze:
- Claims experience
- Loss ratios
- Utilization trends
- Identify key cost drivers and emerging risks.
- Prepare portfolio performance reports to support underwriting and business decisions.
- Produce recurring actuarial reports, including:
- Loss ratio analysis
- Claims ratio studies
- Average premium analysis
- Lost schemes analysis
- Benefit depletion analysis
- Monthly medical portfolio performance reports
Data Analysis & Actuarial Support - Perform:
- Data extraction
- Data validation
- Data reconciliation
- Data analysis
- Assist in developing and maintaining:
- Actuarial models
- Pricing tools
- Reporting dashboards
Process Improvement - Support automation and process improvement initiatives within the actuarial function.
- Participate in projects and contribute to delivery within agreed scope, timelines, and quality standards.
Collaboration - Work closely with:
- Underwriting
- Claims
- Finance
- Medical teams
- Provide actuarial insights to support business decisions.
Compliance & AML Responsibilities The role requires adherence to Old Mutual's Compliance, Anti-Money Laundering (AML), and Sanctions policies by: - Following AML, KYC, and Sanctions procedures.
- Supporting Customer Due Diligence (CDD).
- Conducting ongoing and enhanced due diligence where required.
- Maintaining high-quality customer data.
- Identifying suspicious transactions or compliance breaches.
- Escalating risks to the Risk & Compliance Office.
Qualifications Required - Bachelor's Degree in Actuarial Science or a related quantitative discipline.
- Recent graduate or up to 1 year of relevant internship or work experience.
- Strong analytical, numerical, and problem-solving skills.
- Good verbal and written communication skills.
- Ability to learn quickly and adapt in a fast-paced environment.
Skills & Competencies Technical Skills - Actuarial analysis
- Pricing support
- Portfolio monitoring
- Data analysis
- Microsoft Excel (required)
- Power BI (advantage)
- SQL (advantage)
- R (advantage)
- Python (advantage)
- Management reporting
- Process improvement
- Understanding of insurance and actuarial principles, particularly medical insurance
Soft Skills - Strong analytical and numerical ability
- Excellent report writing
- Effective communication
- Attention to detail
- Problem-solving skills
- Ability to work independently and in teams
- Proactive attitude
- Willingness to learn
- Commitment to continuous professional development
Core Competencies - Collaborates
- Communicates Effectively
- Demonstrates Self-Awareness
- Drives Results
- Ensures Accountability
- Manages Complexity
- Optimizes Work Processes
- Organizational Savvy
Education - Bachelor's Degree in Actuarial Science (Required)
Work Hours: 8 Experience in Months: 12 Level of Education: bachelor degree Job application procedure
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