Actuarial Analyst at Sanlam Group

Who are we?

• Sanlam Corporate Cluster comprises of the two existing businesses - Sanlam Employee Benefits (SEB) and Sanlam Health Management (SHM) and the soon to be established Sanlam Corporate Solutions. These businesses enhance our corporate business offering through providing integrated solutions for corporate clients both in South Africa and across the African continent by providing tailored solutions to targeted corporates.  SEB CORE specializes in retirement fund administration to institutional retirement funds spread over a number of industries and services from large single employer run stand-alone funds to multi-employer umbrella funds. This business unit is also responsible for ongoing client servicing ranging from board of Trustees, Employers, Intermediaries and Employees. It is also responsible for the IT deliverables and digital strategy for Sanlam Employee Benefits. 

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 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.

What will you do?

• Under general supervision, performs assignments of actuarial-related duties such as preparing, performing and analysing actuarial research and audits. Other duties include collecting data from various databases and performing standard mathematical calculations.

Support actuarial operations by performing actuarial calculations and valuations. Key performance areas are:

• To manage a portfolio of clients by managing activities per service level agreement, schedule and requested tasks
• To deliver contracted services ensuring quantity, quality and turnaround times are met:
• Perform defined contribution (DC) valuations, prepare valuation reports and presentations
• Perform IAS19 valuations
• Perform individual, interest and ad hoc actuarial calculations
• Prepare FSCA query response letters
• Complete Section 14 certificates
• Replacement ratio calculations
• What will make you successful in this role?
• Attention to detail and a proactive attitude
• Ability to organize and prioritize
• Good interpersonal skills
• Willingness to learn and develop

Qualification & Experience

• Relevant Bachelor degree
• Progress with Actuarial exams: 4 exemptions or passes
• 2 years relevant experience

Knowledge and Skills

• Knowledge of Employee Benefits and wider financial services industry and process would be advantageous
• Proficiency in Microsoft Office (Word, Excel, Outlook, Powerpoint) 

Personal Qualities

• Strong attention to detail
• Proactive attitude
• Strong ability to organize and prioritize
• Excellent communication skills both written and verbal
• Ability to work independently
• Taking responsibility
• Ability to perform well under pressure and meet deadlines
• Good interpersonal skills
• Team player

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. 

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.