Head of Actuarial Reporting: Life Insurance Sandton

2 months ago

Sandton, South Africa Sanlam Full time

**Who are we?**

At SanlamAllianz, we are proud of being the largest Pan-African, non-banking financial services organization on the continent. Our dynamic operations span across 27 African countries (excluding South Africa), and our business is focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. Our core values - Innovation, Care, Integrity and Collaboration - guide our vision of distinguishing ourselves as the most admired financial services group in Africa. We nurture a high-performance, energising and engaging culture. Why? Because we, as employees of SanlamAllianz, understand the importance of feeling cared for, empowered, challenged to produce our best work and live with confidence.

**What will you do?**

The role provides exposure to a wide range of actuarial disciplines, interaction with diverse stakeholders and cultures across various jurisdictions, businesses and a broad range of products within in the SanlamAllianz Life portfolio.**What will make you successful in this role?**Key responsibilities will include**:
**Management and Statutory Reporting**
- Manage high quality, timeous and adequate actuarial reporting for management and statutory purposes based on overall SanlamAllianz requirements.
- Specifically, manage the delivery of actuarial valuations, value of new business, embedded value (EV) and the analysis of EV earnings, capital requirements including SAM solvency.
- Manage the delivery of asset-liability management and the delivery of experience analyses.
- Manage and report on financial soundness, specifically capital requirements and return on capital.
- Manage the delivery of actuarial content into the actuarial and life reinsurance and underwriting committees as per the annual planner.
- Participation in and oversight of local actuarial committees.
- Delivery of Group EV results and analysis.

**Planning, Budgeting and Profitability Management**
- Manage the actuarial delivery of the SanlamAllianz Life planning and budgeting process in alignment with overall SanlamAllianz requirements.
- Monitoring and managing risk, with an emphasis on financial risks.
- Actuarial Governance
- Ensure the integrity of Actuarial reporting by maintaining a robust control environment.
- Oversee local Actuarial teams in the life businesses and ensure high performance and compliance with SanlamAllianz standards.
- Ensure that model governance requirements and standards are met.
- Maintain and improve the internal control environment within the actuarial processes.
- Oversee an effective internal and external audit execution for actuarial.
- Drive ongoing improvement of actuarial systems and processes.

**Strategic Input, Direction and Alignment**
- Support SanlamAllianz Life Insurance entities through discovering and sharing insights, participating in budgeting processes, analysing key financial and performance results, and providing technical actuarial support.
- Proactively share information and expertise with internal stakeholders.
- Stay abreast of market trends, relevant legislation and events in appropriate statutory bodies.

**Stakeholder Engagement and Relationship Management**
- Build, develop and maximise effective relationships and manage expectations with all relevant stakeholders including in-country finance, actuarial and management teams.
- Ensure that SanlamAllianz Life operates in accordance with relevant laws, regulation and actuarial and accounting standards applicable to its operations across all its markets and respective shareholder standards.
- Contribute to the interpretation and understanding of, as well as related adequate business responses to proposed regulatory and other external changes.

**People Leadership and Management**
- Provide leadership and direction to the relevant central and in-country stakeholders, teams and role players.
- Ensure that employees in the SanlamAllianz Life actuarial function maximise their skills and commitment to personal development and the achievement of key performance areas.
- Lead by example in demonstrating the organisation’s desired values and culture.
- Drive effective performance management, talent development and succession planning for continuous growth and development at a business, team and individual level.
- Qualification and Experience- Fellow of the Actuarial Society of South Africa
- Minimum 5 years related post qualification experience in Financial Services
- Extensive experience in IFRS 9 and 17 valuations, EV, VNB and SAM bases
- A proven track record of high performance in managing self and teams
- Experience in managing complex environments and across a large portfolio of life insurance companies
- Knowledge and Skills- Deep knowledge of life insurance actuarial valuations, solvency, and products
- Expertise in financial and actuarial IT systems, reporting, and problem-solving
- Strong financial risk management skills
- Proven leadership and influence abilities
- Excel

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