Actuarial Consultant

1 week ago


Bellville, South Africa Sanlam Full time

**Who are we?**

The Sanlam Retail Affluent business (SRA) is dedicated to empower South Africans in the middle
- and upper-income segments to be financially confident, secure and prosperous. With deep client understanding and a focus on excellence in technology, client and intermediary experiences, SRA delivers financial solutions including comprehensive financial planning, life
- and disability insurance, credit solutions, savings and investments, retirement and fiduciary services that can be accessed through various platforms.

**What will you do?**

**Role description and Output/Core Tasks**:

- SLS Actuarial provides support to SC Finance for profit calculations and is also responsible for SC’s valuation (including SAM results), EVs and ORSA calculations. This role supports these deliverables.-
Tasks to be performed include:
- Monthly valuation of retrospective SC Group Investment reserves;
- Calculation and management of SC Group Estate reserves;
- Assist with monthly IFRS17 calculations for SC Smoothed Bonus Investment products;
- Profit reporting including Group Admin profit reconciliation with SC: Finance;
- Allocation of SC expenses to products in Fund Accounting;
- Monthly manual journals for Fund Accounting;
- Calculation of monthly bonuses for SC Smoothed Bonus investment products;
- Calculation and communication of monthly funding levels of SC Smoothed Bonus products;
- Calculation of monthly guaranteed and investment fees;
- Calculation of monthly interest rates;
- Half-yearly consolidation of Analysis of Earnings of SC non-covered business;
- Assist with the development and maintenance of the SC EV Prophet model including required output templates, etc.;
- Ad-hoc tasks, e.g. Annuity Rates tables;
- Ad-hoc investigations.

**What will make you successful in this role?**

**Requirements**:
**Qualifications**:

- Actuarial or Finance degree

**Experience and skills**:

- Good understanding of insurance products
- Good verbal and written communication skills to manage relationships with business stakeholders
- Ability to work independently, take initiative and meet deadlines
- Strong analytical and conceptual thinking
- Good MS Office skills (Word, Excel, PowerPoint)
- Knowledge seeking/learning orientation
- Life insurance product valuations experience will be an advantage
- Prophet and DCS experience will be an advantage

**Personal attributes and Competencies**:

- Strong technical and operational ability
- Strong operational process focus
- Good attention to detail
- Taking ownership of tasks
- Analytical and conceptual thinking
- Results driven
- Adaptability
- Advanced computer skills

**Personal Attributes**
- Self-development - Contributing independently- Interpersonal savvy - Contributing independently- Nimble learning - Contributing independently- Tech savvy - 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**
- Cultivates innovation - Contributing independently- Customer focus - Contributing independently- Drives results - Contributing independently- Collaborates - Contributing independently- Being resilient - Contributing independently**Turnaround time**- Closing Date: 14 March 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.



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