About the position
Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives. In this role you will be focussed 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.
Responsibilities
- Pricing of and obtaining actuarial approval for Sanlam's South African individual life and employee benefit products.
- 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.
Requirements
- 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.
