Junior Product Actuary

• PositionJunior Product Actuary
• CompanyOld Mutual Uganda
• LocationKampala, Uganda
• Job TypeFull-Time
• CategoryInsurance Jobs in Uganda
• IndustryFinancial Services
• DepartmentActuarial
• DeadlineSaturday, 31 October 2026

Old Mutual is a pan-African financial services group offering life insurance, savings, investment and pension products. Its Ugandan operations serve individual policyholders, families and employers, and they report into wider East Africa structures for areas such as actuarial work.

For an actuarial graduate, this matters: the role sits in a matrix between the local Actuarial Manager and regional product actuaries, so you learn Ugandan market realities while working to East Africa standards. Old Mutual also expects every employee to apply its anti-money laundering, sanctions and KYC policies.

This Junior Product Actuary acts as the link between local and regional actuarial teams on product initiatives. Day to day, you will collect and validate Uganda data for pricing and performance monitoring, run pricing models and calculators under guidance from the Senior Actuarial Assistant and the EA Product Actuary, and help prepare product approval documentation and regulatory submissions.

The job also has a building element. Old Mutual wants to grow a sustainable product actuarial capability in Uganda, so you will document local processes, contribute to a knowledge base and produce product performance MI in line with East Africa standards. You will also support the Actuarial Manager in reflecting product changes in valuation and IFRS 17 processes where relevant. Strong data handling, comfort in a matrix setup and a proactive learning attitude are the competencies the advert highlights.

• Coordinate local data collection and validation for product pricing and performance monitoring in Uganda.
• Run pricing models and calculators for Uganda product initiatives under guidance from the Senior Actuarial Assistant and EA Product Actuary.
• Support preparation of Uganda-specific product approval documentation, including internal approval packs and regulatory submissions.
• Assist the Actuarial Manager, Uganda, with understanding and incorporating product changes into valuation and IFRS 17 processes where relevant.
• Document local processes and contribute to building a sustainable Uganda product actuarial knowledge base.
• Produce or support local product performance MI in line with East Africa standards.
• Manage and validate product-related data.
• Contribute to building Uganda’s product actuarial capability over time.
• Adhere to Compliance, Anti-Money Laundering (AML) and Sanctions policies, including KYC and due diligence processes.

Required Education

• Degree in Actuarial Science, Statistics, Mathematics or a related field.
• The advert lists a Bachelor’s degree in Actuarial Science as required, with Mathematics or Statistics also listed.

Work Experience

• 0 to 3 years of actuarial or analytics experience.
• Uganda insurance or pensions experience is an advantage.

Additional Requirements

• Progress in actuarial examinations is preferred.
• Comfortable working in a matrix reporting environment (regional and local).

Technical Skills

• Data handling: Collecting, cleaning and validating product data.
• Pricing models: Running calculators under supervision.
• Product approvals: Preparing approval packs and submissions.
• Management reporting: Producing product performance MI.

Soft Skills

• Proactive learning: Working with evolving processes.
• Collaboration: Working across local and regional teams.
• Communication: Explaining analysis clearly.
• Managing ambiguity: Building capability where processes are still new.

Benefits are not stated in the advert.

• Open to candidates with 0 years of experience.
• Direct exposure to product pricing in a Ugandan insurer.
• Mentoring from regional product actuaries.
• Experience with regulatory submissions and approval packs.
• Exposure to IFRS 17 and valuation processes.
• Chance to help build Uganda’s product actuarial function.
• Kampala-based full-time entry-level post.

Apply through the official Old Mutual Junior Product Actuary advert and follow the employer’s steps.

The closing date is Saturday, 31 October 2026 at 23:59.

• List the actuarial exams you have passed or are sitting.
• Mention Excel, R, Python or other tools you use for data work.
• Describe a dataset you cleaned and validated.
• Show any exposure to insurance or pensions in Uganda.
• Keep your CV focused on analytics, not general duties.
• Apply early: the deadline is 31 October.