The Sanlam Retail Affluent business (SRA) is dedicated to empower South Africans in the middle- and upper-income segments to be financially confident, secure and prosperous. With deep client understanding and a focus on excellence in technology, client and intermediary experiences, SRA delivers financial solutions including comprehensive financial planning, life- and disability insurance, credit solutions, savings and investments, retirement and fiduciary services that can be accessed through various platforms.
What will you do?
Output/Core Tasks
The role supports the Single Savings product house through the valuation of Fixed Return/Guaranteed Plan/Guaranteed Annuities products and the Glacier platform business. The successful candidate will have regular interaction with senior management and with business to understand and communicate profits, embedded values, VNBs and other financial information, including model change impacts and other basis changes. Real time mentoring and various growth opportunities will be available.
The Specific Tasks Will Mainly Consist Of The Following
- The valuation of Fixed Return/Guaranteed Plan/Guaranteed Annuities products
- The valuation of the Glacier platform business and other strategic business development products
- EV, VNB, SAM and ORSA calculations and analyses, and engagement with, and support to, the Regulatory reporting and Balance Sheet Management teams
- Maintenance and improvement of valuation bases for products
- Prophet and other valuation model development by providing technical valuations guidance and/or Prophet coding
- Continuous improvement and automation of existing valuation reporting processes
- Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests
- Assistance with model officialisations
- Back-up for crucial month-end tasks
Qualifications
Role Requirements:
- Actuarial student making good progress with actuarial exams
- Life insurance product valuations experience would be an advantage
- Prophet experience would be an advantage
- Excellent skills in Microsoft Office suite
- Methodical approach to work
- Strong commitment to deadlines and sound time management
- Strong communication
- Attention to detail
- Strong analytical and conceptual thinking
- Desire to gain knowledge and develop processes
- Curiosity and willingness to learn
- Strong analytical and conceptual thinking
- Strong technical and operational ability
- Ability to work independently and meet deadlines
- Good verbal and written communication skills with the ability to explain technical concepts
- Good attention to detail
- Results driven
- Innovative and conceptual thinking
- Teamwork orientation
- Building and maintaining relationships
Were 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 four business clusters Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office the group provides many opportunities for growth and development.
Core Competencies
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently
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.
Closing Date: 8 January 2024
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 key components to ensuring 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.
