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.
Role Description
Do you want to be exposed to dynamic and challenging work? Do you lead even when you are not in charge? Do you like helping people?
In this role you will be focused on helping businesses succeed, by
- Solving business problems using technical actuarial skills;
- Providing input in the development and doing the pricing of modern, innovate products for Sanlam and;
- Applying product risk management services including Reinsurance.
What will you do?
Output/Core Tasks
- Pricing of and obtaining actuarial approval for Sanlams South African individual life and employee benefit products, specifically the Retail Mass cluster.
- Liaising with relevant stakeholders in the business, with the aim of helping them to launch products which are financially sound, which address real client needs and which doesnt expose the business to undue risk.
- Documentation of results and supporting the Actuarial valuations and development teams with the model implementation of new products
- Carrying out ad-hoc tasks and investigations to understand profit drivers of products
Requirements
Qualifications:
- Qualified or nearly qualified (ideally max 2 exams outstanding) actuary, with preference of experience in the life insurance sector
- Experience of Life insurance products would be an advantage.
- Proficiency at MS Office and Prophet, or willingness to learn.
- Good verbal and written communication skills to manage relationships with business stakeholders.
- Strong analytical and conceptual thinking.
- Ability to work independently, take initiative and meet deadlines.
Actuarial Problem Solving
Issues management
Business knowledge
Business analysis
Personal Attributes
Self-development - Contributing independently
Interpersonal savvy - Contributing independently
Nimble learning - Contributing independently
Tech savvy - Contributing independently
Build a successful career with us
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 : 18 October 2023
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.
