Actuarial Specialist at Sanlam Group

What will you do?

The SEM Actuarial and Capital Management function is a centralised team which provides various actuarial and capital support to the SEM cluster. The role presents an opportunity to get exposure to a diverse range of markets, businesses, cultures and stakeholders.

What will make you successful in this role?

• Calculate fair values for the general insurance, asset management and retail credit entities in the SEM portfolio
• Mergers and acquisitions support on an ad hoc basis
• Quarterly GEV reporting to Group, SDM, Sanlam Life, Santam and other stakeholders
• Set hurdle rates to inform appropriate capital allocation and track RoGEV performance across the portfolio
• Monitor and report on local and economic capital solvency for the SEM portfolio
• Optimise the levels of capital deployed across the portfolio to support RoGEV and dividend flows
• Assist in preparing Quarterly Business Review submissions and Actuarial reports to the SEM Finance and Risk Forum
• Assess the impact of an economic shock on profit and fair values of the life and non-life portfolios on a quarterly basis and prepare quarterly economic shock reports for the SEM ORSA
• Provide support to the CRO to inform the SEM ORSA
• Monitor and produce forecast/budget exchange rates for the SEM portfolio
• Contribute to the assessment of CAT cover requirements and renewal process for the life entities
• Ad hoc tasks/investigations to provide management information on key value drivers in the businesses

Qualification and Experience

• Nearly qualified or qualified Actuary
• 5 years + experience in a similar role
• Knowledge of short term insurance, asset management or credit businesses will be an advantage

Personal Attributes

• Ability to see the bigger picture
• Accountable and responsible for work produced
• Excellent communication skills, both written and verbal
• Analytical and conceptual thinking
• Adaptable to changing environment or requirements
• Meticulous attention to detail
• Creative, practical, and innovative thinking
• Building and maintaining relationships with external and internal clients
• Pro-active individual with the ability to work independently as well as a member of a team
• Ability to work effectively under pressure and to meet stringent deadlines
• Flexible in terms of working hours and able to travel if required

Core Competencies

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