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Actuarial Assistant

2 months ago


Cape Town, Western Cape, South Africa Sanlam Full time
About the Role

Sanlam Life and Savings is seeking a highly skilled Actuarial Assistant to join our team. As an Actuarial Assistant, you will play a critical role in ensuring the accuracy and reliability of our actuarial calculations and systems.

Key Responsibilities
  • Test and validate new and existing actuarial programs and systems, including Epsilon, SanQuote, and Actuarial Systems.
  • Liaise with basis writers, programmers, business analysts, and system analysts to ensure seamless integration and communication.
  • Analyse specifications of millennium tasks impacting the Actuarial Calculation Engine (ACE), PBB, and Mechanical Testing Systems (MTS), and apply them to set up test packs.
  • Set up hand calculations from basis and specification documents.
  • Test daily claims and monthly renewals of Epsilon products.
  • Perform end-to-end testing, writing flows, and PIT testing for tasks.
  • Test other systems on a release basis, including Future of Advice and Wealth Bonus Booster.
  • Maintain and improve tools and processes through automation.
  • Handle ad-hoc queries and tasks.
  • Generate and recommend innovative ideas to enhance testing processes.
Requirements
  • Mathematics HG up to Grade 12 (C-symbol or higher) or Mathematics Level 6 or higher for National Senior Certificate.
  • B-Degree or Diploma with a Mathematical or Computational major will be advantageous.
  • Good understanding of Microsoft Office, especially Excel.
  • Sound knowledge of Sanlam retail Savings and/or Risk products.
  • Knowledge and understanding of calculators, Epsilon system, Quotation Systems, Agile testing, and Actuarial MTS programs and stakeholders.
Personal Attributes and Competencies
  • Professionalism
  • Attention to detail
  • Accuracy
  • Ability to work independently and as part of a team
  • Ability to work under pressure
  • Client-oriented
  • Ethical
  • Flexibility
  • Good communication skills (written and verbal)
  • Good planning and organisation
  • Time management skills
About Sanlam

Sanlam Life and Savings is a leading provider of life insurance and savings products in South Africa. We are committed to building strong, lasting relationships with our employees and helping them realise their worth.

We offer a dynamic and supportive work environment, with opportunities for growth and development. If you are a motivated and skilled individual looking for a challenging and rewarding role, we encourage you to apply.