Actuary/cons : Balance Sheet Mngmnt

7 days 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.

**Business Description**
- The Sanlam Life and Savings (SLS) cluster provides clients with a comprehensive range of appropriate and competitive financial solutions. These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services. Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.- Within the SLS Actuarial team, we believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. 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.**SLS Risk and Balance Sheet management focusses on**:

- Playing a leading role in optimising and strengthening the strategies, balance sheets and income streams of SLS by providing projections, stresses, sensitivities, and other risk management information to inform these.
- Understanding and optimising the drivers of profit streams within SLS to aid in dividend management.
- Providing efficient risk monitoring and reporting, and effective risk management solutions.
- We perform dedicated balance sheet management by actively identifying opportunities, assessing their viability and driving the implementation.
- We oversee the embedment of the ORSA in the strategic & risk management of SLS.

**What will you do?**

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

- SLS Risk and Balance Sheet management is looking for a talented and creative actuary or actuarial student to join the team. The role will fit into the Solvency Optimisation team, which is responsible for:
- Maintaining and developing models through which insurance business performance (i.e. balance sheets, profits, embedded values, return on capital, solvency position) can be projected and sensitivity-tested for business planning purposes.
- Developing and maintaining the Required Capital Frameworks for SLS’s insurance businesses.
- Rebuilding the Projection model, allowing for the Business Planning Tool and balance sheet management opportunities.
- Supporting risk and capital management within SLS in view of further business and regulatory requirements.
- Fulfilling statutory role(s) as Head of Risk Management Control Function for Retail Mass licences
- Designing, implementing and reviewing solutions for the Own Risk and Solvency Assessment (ORSA) of Sanlam Life and the SLS Cluster with regard to:

- Forward looking projections;
- Stress & scenario testing; and
- Management Information.

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

**Qualifications**:

- Senior actuarial student or qualified actuary

**Experience and skills**:
The following would be advantageous:
- Balance sheet management and/or capital management experience.
- Valuations experience and/or product development experience.
- Risk management experience.
- IFRS 17 knowledge and experience.
- Broad knowledge base.
- Understanding of insurance products, including their risks and value drivers (i.e. IFRS profit, Embedded Values etc.)

**Personal attributes and Competencies**:

- The desire to optimise how businesses operate.
- Have a desire that your work adds value.
- Knowledge seeking/learning orientation.
- Ability to combine conceptual thinking with pragmatic solutions.
- Ability to work independently as well as part of a team, also across departments, businesses, clusters and legal entity boundaries.
- Ability and desire to innovate.
- Good communication skills.

**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 through others- Customer focus - Contributing through others- Drives results - Contributing through others- Collaborates - Contributing through others- B


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