Old Mutual South Africa
Old Mutual, a trusted financial services leader in South Africa for over 175 years, offers career opportunities in finance, technology, customer service, and more. Whether you’re a financial advisor or tech professional, Old Mutual has roles to fit your expertise.
This guide provides an overview of the career opportunities at Old Mutual, including salaries, requirements, and how to apply.
Job Description & Details
Old Mutual was founded in 1845 in Cape Town, making it one of the oldest and most respected financial institutions in South Africa. The company offers a comprehensive range of financial products, including life insurance, asset management, wealth planning, banking, and investment services.
With a strong presence in South Africa and operations across Africa, Old Mutual has become a household name in financial services. The company is known for its commitment to customer service, innovation, and social responsibility.
Types of Jobs Available at Old Mutual
Old Mutual offers a wide variety of job opportunities across multiple disciplines. The company hires professionals for roles in:
- Financial Advisory
- Actuarial Science and Data Analytics
- Customer Service and Support
- Information Technology (IT) and Cybersecurity
- Marketing and Corporate Communications
- Banking and Investment Management
- Corporate Services (e.g., Human Resources, Legal)
These positions range from entry-level jobs to senior leadership roles, catering to professionals at different stages of their careers.
Financial Advisor Jobs at Old Mutual
One of the most prominent career paths at Old Mutual is that of a financial advisor. Financial advisors are responsible for helping clients plan their finances, manage investments, and secure insurance products. They work closely with individuals and businesses to offer tailored solutions that align with their financial goals.
Key Responsibilities:
- Meeting with clients to understand their financial needs.
- Offering advice on insurance, savings, investments, and retirement planning.
- Managing client portfolios and reviewing performance.
- Staying updated on financial regulations and market trends.
Skills and Qualifications:
- Diploma or degree in finance, economics, or a related field.
- Regulatory certifications, such as FAIS compliance.
- Strong interpersonal skills and financial literacy.
Actuarial and Analytical Roles
For those with a passion for data and numbers, actuarial and analytical roles at Old Mutual offer exciting opportunities. Actuaries use mathematical models to assess risk and help the company develop products that are both profitable and aligned with regulatory standards.
Responsibilities:
- Risk modeling and financial forecasting.
- Performing valuations of insurance products.
- Assisting with product development and pricing strategies.
Qualifications:
- A degree in Actuarial Science, Mathematics, or a related field.
- Progress toward Actuarial Board exams.
- Strong analytical skills and proficiency in statistical tools.
Customer Service and Support Roles
Customer service plays a vital role in maintaining Old Mutual’s strong reputation for customer care. Customer Service Representatives are responsible for assisting clients with queries, claims, and policy updates.
Key Responsibilities:
- Handling customer inquiries and providing information on products.
- Processing claims and policy changes.
- Maintaining client relationships through excellent service.
Skills:
- Excellent communication skills.
- Experience in customer service, preferably in financial services.
- Problem-solving and multitasking abilities.
IT and Tech-Related Careers at Old Mutual
With the growing reliance on technology in the financial sector, Old Mutual actively recruits IT professionals. Tech roles at Old Mutual include software developers, cybersecurity specialists, and data analysts.
Key IT Roles:
- Software Developers: Build and maintain the company’s digital platforms.
- Cybersecurity Specialists: Ensure the security of customer data and prevent cyber threats.
- Data Analysts: Use data to drive decision-making and improve customer experience.
Skills and Qualifications:
- Degree in Computer Science, IT, or a related field.
- Proficiency in programming languages (e.g., Python, Java, C#).
- Experience with data analysis tools and cybersecurity protocols.
Marketing and Corporate Communications
Old Mutual’s marketing and communications teams play a crucial role in maintaining the company’s brand image and ensuring clear communication with customers, stakeholders, and the public.
Responsibilities:
- Developing and implementing marketing campaigns.
- Managing Old Mutual’s social media presence and corporate website.
- Collaborating with other departments to promote products and services.
Qualifications:
- A degree in Marketing, Public Relations, or Communications.
- Strong writing, design, and digital marketing skills.
Educational and Experience Requirements
The educational requirements for jobs at Old Mutual vary by role and seniority level. For entry-level positions, candidates typically need:
- A Bachelor’s degree in a relevant field (e.g., Finance, IT, Marketing).
- Some positions, like financial advisors, require regulatory compliance certificates.
For mid-level and senior roles, additional qualifications like a Master’s degree or professional certifications (e.g., CFA, CA, Actuarial exams) are often required, along with several years of industry experience.
Salaries at Old Mutual
Salaries at Old Mutual vary depending on the role, qualifications, and experience. Below are general salary ranges for key positions:
- Financial Advisors: ZAR 250,000 to ZAR 600,000 per year, depending on experience and client portfolio.
- Actuarial Analysts: ZAR 400,000 to ZAR 900,000 per year, depending on experience and level of qualification.
- Customer Service Representatives: ZAR 150,000 to ZAR 300,000 per year.
- IT Specialists: ZAR 400,000 to ZAR 800,000 per year.
- Marketing and Communications: ZAR 300,000 to ZAR 600,000 per year.
How to Apply for Jobs at Old Mutual
Here’s a step-by-step guide to applying for jobs at Old Mutual:
- Visit Old Mutual’s Careers Portal: Go to the official Old Mutual website and navigate to the careers section.
- Search for Available Positions: Use filters to find jobs that match your qualifications and interests.
- Prepare Your Application: Make sure your CV is updated and tailor your cover letter to highlight your skills relevant to the job.
- Submit Your Application: Follow the instructions on the job posting to submit your documents online.
Final Thoughts & Mode of Application
Old Mutual, a top employer in South Africa’s financial sector, offers diverse career opportunities with competitive salaries and benefits. Whether in finance, tech, or customer service, Old Mutual provides growth opportunities. Explore and apply through their careers portal today.