Actuarial Consultant: Reporting at Sanlam Group

What will you do?

• In this role you will have an opportunity to perform a variety of tasks to assist with preparing valuation results, providing management information, analysing the profitability of products and maintaining systems and processes to deliver quality results. The role reports to the Head: Namibia Actuarial Support and is based in Western Cape, South Africa and will be responsible for the Namibia Closed fund license including the annuity portfolio.
• Note that we have two roles available – one at a more junior and the other more senior level. Level will be influenced by the number of exemptions and years’ work experience.

What will make you successful in this role?

• Monthly Financial Soundness Valuation, IFRS 17 and other statutory reporting requirements for a variety of products
• Assist with producing monthly profit, balance sheet and VNB results
• Maintain, develop and improve DCS and Prophet models
• Policyholder and shareholder valuation and matching of asset and liable for financial reporting
• Produce half-yearly risk capital and embedded value results
• Ensure model governance for valuation, IFRS and EV reporting purposes
• Assist with preparing forecasts, annual budgets and other management reporting requirements as required
• Involvement and opportunities in pricing, reinsurance, asset management and other actuarial functions

Qualification and Experience

• Actuarial student 8+ exemptions (number of exemptions will impact level of role)
• 2 to 6 years working experience in the Actuarial field (number of years will impact level of role)
• Prophet, DCS and modelling experience is a requirement
• Experience with life insurance products

Knowledge and Skills

• Computer literate with proficiency in Microsoft Office (Word and Excel)
• Actuarial Problem Solving
• Issues management
• Business analysis
• Knowledge of IFRS 17

Personal Attributes

• Analytical and conceptual thinking
• Good communication skills, and capable of presenting results to senior management of the business
• Quality, detail orientated and concern for accuracy
• Ability to understand complex or technical concepts
• Ability to work independently, and with other departments, and to meet deadlines.
• Excellent client service ethics.

Core Competencies

• Cultivates Innovation
• Client Focus
• Drive Results
• Collaborates
• Flexibility and adaptability