Life Insurance Actuarial Director
6 days ago
About Us
Sanlam is a leading Pan-African financial services organisation, operating in 27 countries across the continent. Our dynamic operations are focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. At Sanlam, our core values - Innovation, Care, Integrity, and Collaboration - guide our vision to become the most admired financial services group in Africa.
What We Do
The successful candidate will report to the Sanlam Head of Actuarial Reporting for Life Insurance. The role involves managing the life insurance actuarial function across an assigned portfolio of businesses in the Sanlam portfolio. This includes taking responsibility for actuarial governance and delivery in line with overall Sanlam requirements and processes.
Key Responsibilities
- Manage high-quality, timeous, and adequate actuarial reporting for management and statutory purposes based on overall Sanlam requirements.
- Manage the delivery of actuarial valuations, value of new business, embedded value (EV), and analysis of EV earnings, capital requirements including SAM solvency.
- Manage the delivery of asset-liability management and 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.
- Participate in and oversee local actuarial committees.
Required Skills and Qualifications
- Fellow of the Actuarial Society of South Africa
- Minimum 5 years related 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 a team
- Experience in managing complex environments and across a portfolio of life insurance companies
Personal Attributes
- Drive vision and purpose with a strategic, analytical, and innovative mindset
- Excel in collaboration, building effective teams, and maintaining strong relationships
- Demonstrate strong technical skills, attention to detail, and accuracy
- Navigate complexity with business and industry insights
- Exhibit diplomacy, excellent communication, and high personal integrity
- Adapt to change, perform well under pressure, and take initiative
- Show a mature, professional outlook with a passion for achieving results
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