Actuary I

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**:
Providing projections, stresses, sensitivities and other risk management information to optimise and strengthen the strategies, balance sheets and income streams.
Understand and optimise drivers of profit streams within SLS, and to aid in dividend management.
Provide efficient risk monitoring and reporting, and risk management solutions.
Perform dedicated balance sheet management by actively identifying opportunities, accessing viability and driving implementation.
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 two talented and creative actuaries or actuarial students to join the team. While we have specific focus areas in each sub team we are flexible to adjust to individual talents, preferences and requirements. The two roles will fit into two sub teams who are responsible for:
Balance sheet management optimisation.
Maintenance and development of models through which insurance business performance (i.e. profits, embedded values, return on capital) can be projected and sensitivity-tested for business planning purposes.
Developing and maintaining Required Capital Frameworks for SLS’s insurance business for the post IFRS 17 environment.
Perform Projection model rebuild, allowing for Business Planning Tool 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 and experience.
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.
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. Personal Attributes Business insight - Contributing through others Self-development - Contributing through others Tech savvy - Contributing through others Interpersonal savvy - 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 - Cont