Actuarial Specialist

24 hours ago


Sandton, South Africa Sanlam Full time

Who are we?
Sanlam Emerging Markets is responsible for Sanlam's financial services (life insurance, general insurance, banking, retail credit, health, bancassurance, asset management) in emerging markets outside South Africa. Our vision is to a leading Pan-African diversified financial services player and have a meaningful presence in India, Malaysia and Lebanon. What will you do?
The SEM actuarial function provides actuarial support to all of the SEM life businesses. This ranges from performing the end-to-end actuarial function to providing expert input and review support, depending on the maturity of the in-country actuarial function. The role presents an opportunity to get exposure to a diverse range of markets, businesses, cultures and stakeholders.
The role will provide actuarial and business support to the life insurance businesses in the SEM portfolio. This will involve working closely with senior management and with the actuarial functions of the businesses. Responsibilities will include valuations and reporting, experience monitoring, actuarial risk control, working with the SEM capital and product functions on capital and product management and collaboration with in-country management and actuarial teams. What will make you successful in this role?
SEM covers a wide range of businesses and cultures and gives you the opportunity to gain experience across a wide range of actuarial disciplines. The SEM actuarial team has a focus on teamwork and collaboration but you will need to take full accountability for the business (or businesses) and projects that you are responsible for. Your ownership, problem-solving skills and focus on actuarial advice that adds value will be critical to your success.

**More detailed outputs of the role (but not limited to these)**:
Valuation and reporting
- Monthly valuation and management reporting
- Half-yearly valuation, management and embedded value reporting
- Local statutory reporting
- Annual budgets in consultation with in-country management
- Data management and improvement of processes
- IFRS 17 implementation

Experience monitoring
- Perform, analyse and explain results of experience investigations
- Initiative in resolving issues and upgrading the environment

Actuarial risk control
- Asset liability management
- Reinsurance management

Capital management
- Collaborate with SEM capital management teams

Product management
- Collaborate with SEM product management teams
- Provide group structuring and pricing support

Collaboration
- Establish and maintain relationships with in-country management and actuarial teams
- Training, development and mentorship of in-country actuarial environments

Ad-hoc projects as and when required
Qualification and Experience
- Actuarial student with good progress in completing actuarial exams
- Experience in a life insurance actuarial reporting environment including IFRS, EV, VNB and SAM bases

Knowledge and Skills
- Proficiency in DCS and Prophet
- Proficiency in Microsoft Office
- Actuarial Problem Solving Personal Attributes
- Strong technical and operational ability
- Strong focus on operational processes
- Quality and detail orientation and concern for accuracy
- Effective communicator of technical information
- Building and maintaining relationships
- Decision making ability

Core Competencies
- Cultivates Innovation
- Client Focus
- Drive Results
- Collaborates
- Flexibility and adaptability

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 business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets and Santam - the group provides many opportunities for growth and development. Turnaround time
The Sanlam Group is committed to transformation and embracing diversity and our employment equity plan and targets will be considered as part of the recruitment process. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.



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