Actuarial Analyst Based in Sandton

1 week 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 is responsible for performing the life insurance actuarial function for an assigned business within the SanlamAllianz portfolio. Specifically, this means taking responsibility for the delivery in line with the overall SanlamAllianz requirements and processes.

**What will make you successful in this role?**
- The key responsibilities set out below are primarily focused on the assigned life insurance business, however, in the spirit of collaboration, the role will also be expected to make a broader contribution towards the continuous support and development of the SanlamAllianz Life actuarial function.

**Financial Reporting**
- Deliver high quality, timeous and adequate actuarial reporting for management and statutory purposes based on overall SanlamAllianz requirements.
- Specifically, delivery of actuarial valuations, value of new business, embedded value (EV) and the analysis of EV earnings, capital requirements including SAM solvency.
- Delivery of asset-liability management and the experience analyses.
- Report on financial soundness, specifically capital requirements and return on capital.
- 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.

**Planning, budgeting and profitability management**
- Actuarial delivery of the planning and budgeting process in alignment with overall SanlamAllianz requirements.

**Actuarial Governance**
- Ensure the integrity of actuarial reporting by maintaining a robust control environment.
- Oversee the local actuarial teams 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.

**Strategic input, direction and alignment**
- Support the local entities through discovering and sharing insights, participating in budgeting processes, analysing key financial and performance results, and providing technical actuarial support.
- 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 and actuarial 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.
- Qualification and Experience
- Nearly Qualified Fellow of the Actuarial Society of South Africa or good progress with actuarial exams
- Minimum 3 years related experience in Financial Services
- Experience with IFRS 17 valuations, EV, VNB and SAM bases will be beneficial
- A proven track record of high performance
- Knowledge and Skills
- An understanding of life insurance actuarial valuations, solvency, and products
- Knowledge of financial and actuarial IT systems, reporting, and problem-solving
- Excellent verbal and written communication abilities
- Proven business acumen

**Personal Attributes**
- Self-development - Contributing independently
- Interpersonal savvy - Contributing independently
- Nimble learning - Contributing independently
- Tech savvy - Contributing independently

**Core Competencies**
- Cultivates innovation - Contributing independently
- Customer focus - Contributing independently
- Drives results - Contributing independently
- Collaborates - Contributing independently
- Being resilient - 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.

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