Pricing Actuary/Actuarial Specialist

icon building Company : Sanlam Group
icon briefcase Job Type : Full Time

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Job Description - Pricing Actuary/Actuarial Specialist

About Sanlam Corporate:

Our vision is to be the preferred partner to Corporate and Public Sector by providing an awesome client experience and comprehensive solutions that enable the financial resilience and prosperity of those entities and their employees. We tap into over 100 years of expertise to provide cost-effective Employee Benefits and Healthcare Solutions that enable financial confidence for our members. We enable our clients to make better retirement and risk decisions today through determined and passionate thought leadership and best-in-class people, innovative products and proven processes all designed to help people live a better life tomorrow.

We believe in creating and cultivating a positive, energised working environment that gives every individual the opportunity to achieve success, embracing diversity and committed to transformation. We do this through living our values of having the courage to be bold, care, collaboration and an intolerance for mediocrity. We’re 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.

Division:

One of the largest businesses within the Sanlam Group, Sanlam Corporate (SC) specialises in the provision of risk, investment and administration services to institutions and retirement funds. Focused on meeting the unique needs of its diverse clients, SC assists companies in creating and delivering customised employee benefits solutions, including the collection of premiums and communication to fund members.

Responsibilities:

  • Perform day-to-day Group Risk pricing work
  • Monitor ongoing profitability of existing client portfolio
  • Management of vulnerable schemes
  • Pricing and benefit design of large and/or complex Group Risk schemes
  • Enable new business acquisition and profitable growth
  • Determining terms of new business
  • Review terms of existing business

Responsibilities (continuous) :

  • Building and maintaining client relationships through service excellence and communication
  • Teamwork and collaboration with the quotes and revisions teams as well as other key service areas like sales, member management, claims and underwriting
  • Negotiation with clients, brokers, reinsurers and internal stakeholders
  • Training and development of various stakeholders on Group Risk products and processes
  • Assistance in query and complaints resolution
  • Provide technical support to clients, cross-functional teams
  • Initiate and drive business transformation projects
  • Perform data analysis relating to emerging claims experience
  • Input into product design and risk management
  • Coaching of junior staff

Experience and Qualification:

  • Qualified or nearly-Qualified actuary (maximum of 3 exams outstanding)
  • Designated Actuaries will be placed as Pricing Actuary while students will be placed as Actuarial Specialists. Any non-actuarial candidates will be placed as Pricing Specialist.
  • Life insurance experience essential
  • Group Risk experience preferred, especially in pricing or product development
  • Sound technical skills
  • Exceptional communication skills – both verbal and written
  • Excellent understanding of group insurance pricing and -market dynamics
  • Firm grasp on key financial reporting metrics
  • Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook)
  • Strong analytical and conceptual thinking
  • Ability to work independently, take initiative and meet deadlines

 

Competencies:

  • Demonstrate a business mindset
  • Critical, analytical thinker
  • Enjoys working with people
  • Socially confident and skilled at building and maintaining relationships
  • Exceptional communication skills
  • Meticulous attention to detail
  • Ability to motivate, develop and impart knowledge to others
  • Results focused and displays energy when performing tasks
  • Ability to perform well under pressure
  • Able to manage self
  • Desire to lead and manage others
  • Proactive team player
  • Ability to simultaneously work on multiple objectives
  • Demonstrates a winning mentality
  • Willing to travel

Our commitment to transformation

Preference will be given to EE candidates in accordance with the Sanlam Employment Equity policies. Please note that if you are not contacted within 2 weeks after the closing date your application has been unsuccessful.

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