Actuarial Manager: Capital

**Who are we?**
- Job description- The corporate actuarial function performs its duties as set out in the FRC charter, which includes technical provisions, capital requirements, asset allocation, reinsurance arrangements and compliance with related regulatory reporting requirements.- The primary deliverables and responsibilities of this role include:
- Capital modelling: Derive the SAM solvency numbers. Ensuring the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of the capital requirements. Proposing dividend declarations. Regularly reviewing the actuarial projections.
- Reserving: Assess the technical provisions of MiWay. This includes data sourcing, verifying data, processes and results as well as investigating anomalies.
- Conduct the MiWay own risk and solvency assessment (ORSA) process and produce the ORSA report.
- Lead with the internal and external audit for actuarial matters.
- Assess the adequacy and appropriateness of MiWay’s reinsurance program and reinsurance renewals.
- Monitor MiWay’s performance with respect to its financial risk appetite criteria.
- Support role with the approval process of product amendments and new products.
- IFRS17 enhancements on actuarial matters.
- Mentor and manage the corporate actuarial team members.
- Minimum qualifications- Short term insurance experience, especially in the capital and reserving areas, is essential.
- Minimum experience- Three (3) years’ experience in the short-term insurance industry
- SAM, ORSA, reserving and IFRS17 experience
- Experience with ResQ would be advantageous
- Reinsurance understanding would be advantageous
- Skills- Strong computer skills
- Microsoft SQL, Excel and Word proficiency
- Strong technical and communication skills
- Great work ethic and highly motivated
- Pro-active
- Fast learner
- Inquisitive personality
- Competencies- Collaborates
- Client focus
- Drives results
- Flexibility and adaptability
- Cultivates innovation
- Analytical thinking
- Attention to detail
- Meticulous work
- Problem solving
- Decision making
- Manage complexity
- Business insight
- Meet deadlines

**Knowledge and Skills**
- Actuarial Problem Solving- Issues management- Business knowledge- Business analysis**Personal Attributes**
- Self-development - Contributing independently- Interpersonal savvy - Contributing independently- Nimble learning - Contributing independently- Tech savvy - 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. Through its five business clusters - Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.**Core Competencies**
- Cultivates innovation - Contributing independently- Customer focus - Contributing independently- Drives results - Contributing independently- Collaborates - Contributing independently- Being resilient - Contributing independently**Turnaround time**Our commitment to transformation**

At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.