Head of Actuarial Reporting

5 days ago


Sandton, South Africa Sanlam Full time

About Us

We're a leading provider of financial services in Africa, operating in 27 countries. Our focus is on life insurance, general insurance, retail credit, health, bancassurance, and asset management. At Sanlam, we pride ourselves on having a dynamic and inclusive culture.

Job Summary

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.

Requirements

  • 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

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