South Africa Job Openings

Sanlam

Actuarial Analyst x 2 | Sandton

Sandton

FULL TIME

September 18, 2024

Who are we?

At Sanlam Allianz, 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 Sanlam Allianz, understand the importance of feeling cared for, empowered, challenged to produce our best work and live with confidence.

What will you do?

The role will report to the Chief Actuary for Sanlam Allianz General Insurance. The role should give the successful candidate exposure to a wide range of actuarial disciplines, stakeholders and cultures across a broad range of products and businesses in the Sanlam Allianz General Insurance portfolio.
The successful candidate will assist with the end-to-end first line actuarial function for a number of the short-term insurers in the Sanlam Allianz portfolio. This will include the delivery of all published, statutory and Sanlam Group reporting requirements, including working closely with the Head of Actuarial Function. It will also include assisting experience investigations, solvency management, asset-liability management, reinsurance optimization, forecast and budgeting, amongst other first-line actuarial responsibilities. The role will require the candidate to build relationships with the local management teams and Sanlam Allianz General Insurance stakeholders.

What will make you successful in this role?

Provide actuarial and business support to Sanlam Allianz General insurance businesses, including:

Valuation and reporting

Perform detailed data analysis and build actuarial models to support reserving and reporting activities.
Coordinate reserving committees (set up and report results to inform decision making)
Ensure data accuracy and integrity in all actuarial models.
Build and improve on existing reserving models to support with interim and year-end valuation and management reporting.
Support the preparation of IFRS 17 reports, ensuring compliance with international accounting standards.
Assist in developing models and methodologies for IFRS 17 implementation across the group.
Data management and improvement of processes

Experience monitoring

Perform, analyse and explain results of Actual versus Expected exercises conducted.
Update any reserving bases as necessary based on experience outcomes.

Process automation

Participate in the automation of actuarial processes, transitioning from manual and spreadsheet-based methods to more advanced and efficient systems.
Collaborate with IT and data teams to implement automation solutions.

Actuarial risk control

Assist with asset liability management processes.
Assist with reinsurance management and optimisation.

Capital management

Assist the central actuarial team with local capital management for regulatory and economic capital requirements.

Collaboration and Communication

Establish and maintain relationships with in-country teams.
Work closely with other actuarial teams across the region to share best practices and ensure consistent methodologies.
Communicate actuarial findings and insights to both technical and non-technical stakeholders.

Continuous Learning and Development:

Stay up-to-date with the latest actuarial methods, tools, and industry developments.
Engage in professional development opportunities and contribute to a culture of continuous improvement.

Qualification and Experience

Actuarial Science degree
Good progress in completing actuarial exams
One to three years relevant experience
Previous experience with general insurance actuarial reporting including IFRS will be beneficial.
Attempted or Completed F103 and/or F203 (ASSA) or similar General Insurance technical examinations will be beneficial.

Knowledge and Skills

Proficiency in R, Python, Res Q or other actuarial software will be beneficial
Proficiency in Microsoft Office
Familiarity with data visualization tools (e.g., Power BI, Tableau) and cloud-based platforms (e.g., Databricks) is advantageous.
Ability to think critically and develop innovative solutions to complex actuarial challenges.

Personal Attributes

Strong technical and operational ability
Strong focus on operational processes
Quality and detail orientation and concern for accuracy
An ability to think creatively and challenge the status quo, bringing new ideas to the table.
Effective communicator of technical information
A strong team player who values collaboration and understands the importance of diverse perspectives.
Decision making ability
Curiosity and Willingness to Learn
Demonstrates a strong sense of integrity and takes responsibility for their work.
Comfortable working in a fast-paced, evolving environment and open to change.

Core Competencies

Cultivates innovation - Contributing through others

Customer focus - Contributing through others

Drives results - Contributing through others

Collaborates - Contributing through others

Being resilient - Contributing through others

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 Mi Way and the Group Office – the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are the key components to ensure a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.

New Job Alerts

Air Liquide

State Clinical Key Account Manager

Bedfordview

FULL TIME

September 23, 2024

View Job Description

Clinical Mycobacteriology and Epidemiology Research Group

PhD position in the CLIME group, Faculty of Medicine and Health Sciences, Stellenbosch University

Cape Town

FULL TIME

September 23, 2024

View Job Description

Durban University of Technology

LECTURER : PUBLIC MANAGEMENT/LOCAL GOVERNMENT MANAGEMENT (PE05)

Durban

FULL TIME

September 23, 2024

View Job Description

Educor

Head of Faculty - Education (JB3982)

Johannesburg

FULL TIME

September 23, 2024

View Job Description

Educor

Lecturer in Traffic and Metropolitan Policing (JB4533)

Johannesburg

FULL TIME

September 23, 2024

View Job Description

Company Partners

Senior Accountant

Cape Town

FULL TIME

September 23, 2024

View Job Description

Looking for similar job?

Sanlam

Actuarial Manager | Sandton

Sandton

FULL TIME

September 10, 2024

View Job Description

Sanlam

Head of Actuarial Reporting: Life Insurance | Sandton

Sandton

FULL TIME

September 10, 2024

View Job Description

Munich Re

Life Actuarial Analyst - Experience Studies

Johannesburg

August 27, 2024

View Job Description

EY

Actuarial Senior Manager

Johannesburg

September 2, 2024

View Job Description

EY

Actuarial Manager - Johannesburg / Cape Town

Johannesburg

September 2, 2024

View Job Description

September 23, 2024

View Job Description