Actuary/cons : Risk & Capital Management - Sls

2 weeks 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. Business Description
Sanlam Life and Savings (SLS) offers retail and corporate life insurance and investment products in South Africa. 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**: Risk Management forms part of the SRA: Actuarial department. It provides risk and balance sheet management services for the entire SLS.
Our team places a high premium on being approachable, a willingness to learn, and being agile. That said, we also always keep our core focus areas top of mind. These are:
To deliver efficient risk reporting and management solutions across SLS.
To enhance the strength and security of the SLS Cluster’s strategy, balance sheet and income streams by providing suitable projections, sensitivities, stress data, other risk management information, and the analysis of such information.
Improving the understanding of the drivers of the future SLS Cluster profit streams.
To improve the ORSA processes & documents, and improving the business value derived from these.
Risk & balance sheet optimisation.
We believe that our team has added tremendous value to the SLS businesses and to ourselves, by being committed to these focus areas over the past 2-3 trying years, and we are looking to recruit a newly qualified actuary or advanced actuarial student to join our team.
What will you do?

**Role description and Output/Core Tasks**:
Maintain and develop models through which insurance business performance (i.e. profits, embedded values, return on capital) can be projected and sensitivity-tested for business planning purposes;
Develop and maintain Required Capital Frameworks for SLS’s insurance business for the post IFRS 17 environment;
Projection model rebuild for IFRS 17 purposes also allowing for budget model and balance sheet management requirements;
Support risk and capital management within SLS in view of further business and regulatory requirements.
Design, implement and review solutions for the Own Risk and Solvency Assessment (ORSA) of Sanlam Life and the SLS Cluster and, in particular, with regards to:
Forward looking projections;
Stress & scenario testing; and
Management Information. What will make you successful in this role?

**Requirements**:
**Qualifications**:
Senior actuarial student or qualified actuary

**Experience and skills**:
Insight into insurance risk and market risk exposure and the management thereof
Modelling skills

**The following would be advantageous**:
Balance Sheet management and/or capital management experience
Valuations experience and/or product development experience
IFRS 17 Knowledge base
Wide 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
Knowledge seeking/learning orientation
Ability to combine conceptual thinking with practical 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 Knowledge and Skills Actuarial Problem Solving Actuarial Negotiation Business knowledge Business analysis Personal Attributes Business insight - Contributing through others Optimises work processes - Contributing through others Develops talent - Contributing through others Self-development - Contributing through others 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 through others Customer focus - Contributing through others Drives results - Contributing through ot

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