Head : Pricing Actuarial

1 week ago

Bellville, South Africa Sanlam 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. Role Description

Do you want to be exposed to dynamic and challenging work? Do you have strong leadership capabilities and strive for innovation? Do you like helping people?
Maybe this role is for you.

**Business Description**:
Sanlam Life and Savings (SLS) offers retail and corporate life insurance and investment products in South Africa across the spectrum - from entry level market to high-net-worth individuals and all size corporates. The cluster provides clients with a comprehensive range of appropriate and competitive financial solutions, designed to facilitate long-term wealth creation and protection. SLS believes in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. We are committed to transformation and embracing diversity.

**SLS**: Actuarial Product Management forms part of the SLS: Actuarial department and provides pricing services and technical support for businesses in SLS to ensure profitability and the fair treatment of customers.
It is important that you value Integrity, Care, Innovation and Collaboration in your work. What will you do?

**Output/Core Tasks**: Assisting businesses to design and launch products that meet the real needs of clients while being financially sound and not exposing the business to any undue risks - optimising synergies and the sharing of value between all stakeholders. Conducting profit testing on all individual and group business sold in South Africa's entry level, middle and affluent markets with the aim of achieving optimal financial outcomes is a critical responsibility. Provide essential product development and design support, ensuring that new offerings are both innovative and effective. Undertake ad-hoc business investigations, ensuring that any potential risks and opportunities are identified and addressed. Streamlining the pricing approval processes to ensure that they are as effective as possible. Managing and developing a large team of highly skilled actuarial staff, ensuring that they are equipped with the necessary tools and knowledge to excel and grow in their roles. Historically the team has been a breeding ground for actuaries moving into business roles (including senior executive roles). What will make you successful in this role?

**Requirements**:
**Qualifications**:
An Actuarial Fellowship qualification

**Experience and skills**:
Minimum 3 year’s post qualification experience
Strong interpersonal and people management skills

**The following would be advantageous**:
Knowledge of Sanlam’s products
Solid Prophet modelling experience
Understanding of insurance products, including their risks and value drivers
Valuations experience and/or product development experience

**Personal attributes and Competencies**:
Good communication skills
Advanced computer skills
Strong leadership and managerial qualities
Innovative mindset and desire to drive positive change
Strong technical and operational ability with a track record of delivering results
Driven by the desire to add value in all aspects of work
Effective communicator of complex technical information to diverse stakeholders, both verbal and written
Curiosity and passion for continuous learning and development
Ability to combine conceptual thinking with pragmatic solutions
Exceptional decision-making abilities
Skilled in building and maintaining stakeholder relationships
Advanced computer skills Knowledge and Skills Actuarial Problem Solving Actuarial Negotiation Business knowledge and analysis Risk Management Personal Attributes Business insight - Contributing strategically Financial acumen - Contributing strategically Develops talent - Contributing strategically Builds effective teams - Contributing strategically 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 four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development. Core Competencies Cultivates innovation - Contributing strategically Customer focus - Contributing strategically Drives results

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