Actuarial Consultant (SRM) at Sanlam Group

Role Description

Produce Value of New Business (VNB) results for the Sanlam Retail Mass (SRM) cluster.

What will you do?

Responsibilities Will Include

• Monthly production of VNB results
• Accountability for the correctness of valuation data;
• Ownership of VNB Prophet runs;
• Calculating VNBs for all licenses; and
• Assist with forecasting VNB
• Monthly consolidation of SRM VNB results
• Comprehensive VNB analysis and commentary (Analysis of Change relative to prior periods)
• Communicating VNB results to key stakeholders
• Presentation & detailed explanation of results to senior management; and
• Writing monthly VNB reports
• Perform embedded value calculations, Analysis of Embedded Value, consolidations, and sensitivity calculations
• Ad-hoc new business investigations and support to business
• Liaising with Client Solutions, Modelling, and other stakeholders to incorporate new products
• Ad hoc responsibilities include ownership of other regular valuation calculations. These include:
• Tax projections;
• Determining a fair value for the cluster’s licences;
• Ad-hoc investigations to assist SRM management with strategic decisions; and
• Enable strategy setting for the SRM Cluster by assisting with the preparation of annual budgets and other management reporting requirements as required
• Assist Modelling team with Prophet development

What will make you successful in this role?

Qualifications

• Actuarial degree
• Good progress with actuarial exams

Experience And Skills

• Previous reporting experience
• Strong PC skills. Including proficiency in Microsoft Office (MS Excel, etc.)
• Proficiency in Prophet and DCS

The Following Would Be Advantageous

• IFRS 17 knowledge and experience
• Modelling skills
• VBA programming

Personal Attributes And Competencies

• Adhere to Sanlam values
• Good written and verbal communication skills
• Analysis/problem solving
• Ability to work independently and within a team
• Quality and detail orientation and concern for accuracy
• People skills and accountability
• Ability to cope with tight deadlines
• Good planning and organising skills
• Ability to manage expectations of internal and external parties