The Old Mutual Graduate Recruitment 2026 – Actuarial Science Students Wanted | Johannesburg program is now open for applications from Honours students at ASSA-accredited universities. This full-time opportunity is tailored for candidates with strong academic records and solid exemptions who are ready to begin a rewarding career in the actuarial field. Applications close on 12 June 2025.
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Background & Job Description
Old Mutual, a key financial services provider in Africa, is inviting applications for its Graduate Recruitment Programme 2026, focused on students currently completing an Honours degree in Actuarial Science at an ASSA-accredited university.
The program is designed to identify high-potential graduates and develop them into future leaders within the actuarial space. This graduate opportunity is based in Johannesburg and offers selected candidates a pathway to build their career in a supportive, high-performing environment. It includes exposure to actuarial functions like product development, financial reporting, and risk analysis.
Old Mutual continues to drive transformation and innovation in Africa’s financial sector by investing in diverse and talented individuals through structured learning, mentorship, and hands-on project experience.
Tasks
Successful candidates will work within Old Mutual’s actuarial teams, contributing to a range of specialized functions, including:
- Performing actuarial calculations related to loss reserves and assumptions
- Compiling and analyzing data to develop insights and recommendations
- Supporting statutory and non-statutory financial reporting activities
- Participating in actuarial model creation and maintenance
- Conducting competitor product analysis and development research
- Engaging in risk management and financial control assessments
- Contributing to compliance reviews and documentation
- Supporting the evaluation of funding requirements for benefit programs
- Applying innovation and continuous improvement methods in routine tasks
Old Mutual Graduate Recruitment 2026
Qualifications
Education and Certification
Applicants must be:
- Currently enrolled in or completing a Bachelor of Science Honours in Actuarial Science
- Studying at an ASSA-accredited university
- Holding a strong academic record with solid exemptions
Additional requirements:
- A high level of numerical aptitude and computer literacy
- Completion of the required internal Old Mutual form for application (found on their careers platform)
- Good written and verbal communication skills
Experience
- No prior full-time work experience is required
- Candidates must demonstrate the ability to collaborate and think analytically
- Prior exposure to actuarial modeling, even academically, is beneficial
Additional Information
- Location: Johannesburg, South Africa
- Employment Type: Full-time graduate role
- Application Deadline: 12 June 2025 at 23:59
- Process Overview:
- TA Interview with a Senior Talent Acquisition Specialist
- Panel Interview with actuarial leadership
- Technical and Psychometric Assessments
- Final Feedback & Offer
The appointment will be aligned with Old Mutual’s Employment Equity Plan, and preference may be given to candidates from designated groups.
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Disclaimer: This article is only advertising the graduate opportunity and is not affiliated with Old Mutual South Africa.
