South Africa Job Openings
Sanlam
Head of Actuarial Reporting: Life Insurance | Sandton
Sandton
FULL TIME
September 10, 2024
The role provides exposure to a wide range of actuarial disciplines, interaction with diverse stakeholders and cultures across various jurisdictions, businesses and a broad range of products within in the Sanlam Allianz Life portfolio.
- Manage high quality, timeous and adequate actuarial reporting for management and statutory purposes based on overall Sanlam Allianz requirements.
- Specifically, manage the delivery of actuarial valuations, value of new business, embedded value (EV) and the analysis of EV earnings, capital requirements including SAM solvency.
- Manage the delivery of asset-liability management and the delivery of 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.
- Participation in and oversight of local actuarial committees.
- Delivery of Group EV results and analysis.
- Manage the actuarial delivery of the Sanlam Allianz Life planning and budgeting process in alignment with overall Sanlam Allianz requirements.
- Monitoring and managing risk, with an emphasis on financial risks.
- Actuarial Governance
- Ensure the integrity of Actuarial reporting by maintaining a robust control environment.
- Oversee local Actuarial teams in the life businesses and ensure high performance and compliance with Sanlam Allianz standards.
- Ensure that model governance requirements and standards are met.
- Maintain and improve the internal control environment within the actuarial processes.
- Oversee an effective internal and external audit execution for actuarial.
- Drive ongoing improvement of actuarial systems and processes.
- Support Sanlam Allianz Life Insurance entities through discovering and sharing insights, participating in budgeting processes, analysing key financial and performance results, and providing technical actuarial support.
- Proactively share information and expertise with internal stakeholders.
- Stay abreast of market trends, relevant legislation and events in appropriate statutory bodies.
- Build, develop and maximise effective relationships and manage expectations with all relevant stakeholders including in-country finance, actuarial and management teams.
- Ensure that Sanlam Allianz Life operates in accordance with relevant laws, regulation and actuarial and accounting standards applicable to its operations across all its markets and respective shareholder standards.
- Contribute to the interpretation and understanding of, as well as related adequate business responses to proposed regulatory and other external changes.
- Provide leadership and direction to the relevant central and in-country stakeholders, teams and role players.
- Ensure that employees in the Sanlam Allianz Life actuarial function maximise their skills and commitment to personal development and the achievement of key performance areas.
- Lead by example in demonstrating the organisation’s desired values and culture.
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Drive effective performance management, talent development and succession planning for continuous growth and development at a business, team and individual level.
- Fellow of the Actuarial Society of South Africa
- Minimum 5 years related post qualification 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 teams
- Experience in managing complex environments and across a large portfolio of life insurance companies
- Deep knowledge of life insurance actuarial valuations, solvency, and products
- Expertise in financial and actuarial IT systems, reporting, and problem-solving
- Strong financial risk management skills
- Proven leadership and influence abilities
- Excellent verbal and written communication skills
- Strong business acumen, change leadership, and management capabilities
- The ability to inspire, motivate, and lead others effectively
- Drive vision and purpose with a strategic, analytical, and innovative mindset
- Collaborate effectively within and across teams, building strong relationships and managing stakeholders
- Demonstrate strong technical skills, attention to detail, and accuracy
- Navigate complexity with business and industry insights
- Lead effective teams with diplomacy and excellent communication
- Show strong personal integrity, adaptability, and perform well under pressure
- Be self-motivated, take initiative, and have a passion for achieving results with high professional standards
- Cultivates Innovation
- Client Focus
- Drive Results
- Collaborates
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Flexibility and adaptability
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