Senior Actuarial Consultant: Pricing

Who are we?

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:

• Pricing of and obtaining actuarial approval for Sanlam’s 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 doesn’t 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

What will make you successful in this role?

Requirements:

Qualifications:

• Qualified or nearly qualified (ideally max 2 exams outstanding) actuary, with preference of experience in the life insurance sector

Personal attributes and competencies:

• 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.
  

Knowledge and Skills

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

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. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, 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: 10 May 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.