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Actuarial Assistant

2 months ago

Bellville, South Africa Sanlam Group Full time
Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

What will you do?

  • Testing the soundness and stability of new and existing programs on different systems, including Epsilon, SanQuote and Actuarial Systems.
  • Liaison with basis writers, programmers, business and system analysts.
  • Analysing specifications of millennium tasks that have an impact on the Actuarial Calculation Engine (ACE), PBB and the Mechanical Testing Systems (MTS), Epsilon, SanQuote Web (SQW), SanQuote Desktop (SQD) and other Mechanical testing systems, then applying it to set up test packs to test the various systems.
  • Set up hand calculations from the basis and specification documents.
  • Testing of daily claims and monthly renewals of Epsilon products.
  • End-to-End testing: writing of flows and PIT testing for tasks.
  • Testing of other systems on a release basis - Future of Advice, Wealth Bonus Booster
  • Maintenance and improvement of tools and processes through automation.
  • Handling of ad-hoc queries and tasks.
  • Generating and recommendation of innovative ideas to enhance testing processes.


What will make you successful in this role?

Qualifications:
  • Mathematics HG up to Grade 12 (C-symbol or higher) OR Mathematics Level 6 or higher for National Senior Certificate
  • B-Degree or Diploma with a Mathematical or Computational major will be advantageous.


Experience & Knowledge:
  • Good understanding of Microsoft Office, especially Excel.
  • Sound knowledge of Sanlam retail Savings and/or Risk products.
  • Knowledge and an understanding of the calculators, Epsilon system, Quotation Systems, Agile testing and Actuarial MTS programs and the stakeholders involved.

Personal attributes and Competencies:
  • Professionalism
  • Attention to detail
  • Accuracy
  • Ability to work independently and as part of a team
  • Ability to work under pressure
  • Client orientated
  • Ethical
  • Flexibility
  • Good communication skills (written and verbal)
  • Good planning and organisation
  • Time management skills


Knowledge and Skills

Processing transactions and conduct simple calculations
Record keeping; filing and maintenance of databases
Maintain work standards and quality verification
Data Collection and processing of transactions
Procedures Knowledge

Personal Attributes

Plans and aligns - Contributing independently
Interpersonal savvy - Contributing independently
Communicates effectively - Contributing independently
Optimises work processes - Contributing independently

Build a successful career with us

We're all about building strong, lasting relationships with our employees. We know that you have hopes for your future - your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters - Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.

Core Competencies

Being resilient - Contributing independently
Collaborates - Contributing independently
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Closing Date: 15 October 2024

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.