Pricing Actuary/Actuarial Specialist

4 weeks ago


Bellville, Western Cape, South Africa Sanlam Group Full time

About Sanlam Corporate:

Our vision is to be the preferred partner to Corporate and Public Sector by providing an outstanding client experience and comprehensive solutions that enable the financial stability and prosperity of those entities and their employees. Leveraging over 100 years of expertise, we deliver cost-effective Employee Benefits and Healthcare Solutions to foster financial confidence for our members. Our goal is to assist clients in making informed retirement and risk decisions with our dedicated thought leadership and top-notch team, innovative products, and efficient processes - all aimed at helping individuals secure a better future.

We are passionate about nurturing a positive and dynamic work environment that empowers every individual to reach their potential, embracing diversity and dedicated to growth. We live by our values of boldness, care, collaboration, and a commitment to excellence. Our focus is on building enduring relationships with our employees. We understand your aspirations for the future - in terms of your career, personal development, and accomplishments. We take pride in supporting our employees in recognizing their value.

Division:

As one of the largest entities in the Sanlam Group, Sanlam Corporate (SC) specializes in offering risk, investment, and administration services to businesses and retirement funds. Tailoring solutions to meet the specific needs of a diverse clientele, SC helps companies create and deliver personalized employee benefits packages, handling premium collection and member communication.

Responsibilities:

  • Perform daily Group Risk pricing tasks
  • Monitor the ongoing profitability of the current client portfolio
  • Manage vulnerable schemes
  • Price and design benefits for large and/or complex Group Risk schemes
  • Facilitate new business acquisition and sustainable growth
  • Establish terms for new business
  • Review terms for existing business

Responsibilities (ongoing):

  • Develop and maintain client relationships through excellent service and communication
  • Collaborate with the quotes, revisions, sales, member management, claims, and underwriting teams
  • Engage in negotiations with clients, brokers, reinsurers, and internal partners
  • Provide training on Group Risk products and processes to various stakeholders
  • Assist in resolving queries and complaints
  • Offer technical support to clients and cross-functional teams
  • Lead business transformation projects
  • Analyze data related to emerging claims experience
  • Contribute to product design and risk management
  • Guide junior staff members

Experience and Qualifications:

  • Qualified or nearly-Qualified actuary (up to 3 exams pending)
  • Life insurance background is essential
  • Preferably, experience in Group Risk, particularly in pricing or product development
  • Strong technical skills
  • Exceptional verbal and written communication abilities
  • Thorough understanding of group insurance pricing and market dynamics
  • Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
  • Solid analytical and conceptual thinking
  • Capacity to work independently, take initiative, and meet deadlines

Competencies:

  • Exhibit a business-oriented mindset
  • Be a critical, analytical thinker
  • Enjoy collaborating with others
  • Skilled in building and maintaining relationships
  • Demonstrate exceptional communication skills
  • Possess meticulous attention to detail
  • Capable of motivating, developing, and sharing knowledge with others
  • Results-driven with energy in task execution
  • Perform effectively under pressure
  • Skillful in self-management
  • Display leadership ambitions
  • Proactive team player
  • Adept at multitasking
  • Show a winning attitude
  • Willingness to travel

Our commitment to transformation

Preference will be given to designated EE candidates as per Sanlam's Employment Equity guidelines. Kindly note that if you do not receive a response within 14 days of the application deadline, your application has not been successful.


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