Actuarial Assurance Specialist at Santam Insurance

What will you do?
A position of Actuarial Assurance Specialist exists in Santam Corporate Services to be based in Alice Lane Sandton, Gauteng.The purpose of the role of the assurance specialist is to a play a significant role in delivering on the internal audit charter and improving the governance, risk management and control in the Santam Group. This role will therefore form part of the specialist underwriting assurance team within Group Internal Audit (GIA) and will be responsible for specific underwriting and reinsurance related assurance work in Santam Limited, MiWay, Centriq, SSI and Sanlam Pan Africa (SPA).

What will make you successful in this role?

• Perform technical and controls-based audit reviews within risk management, underwriting and reinsurance processes at Santam Ltd, its subsidiaries, portfolio managers and underwriting agencies;
• Perform reviews as required by the Prudential Authority, including regulatory reviews of the Groups solvency, liquidity, insurance, market, credit, and concentration risks;
• Assist with audit planning in terms of assignment objectives and scope of work
• Responsible for audit execution, prepare audit findings, reporting and providing practical recommendations;
• Engage with various levels of senior management to support the achievement of the Santam group strategic and financial objectives;
• Follow up on audit issues raised and provide input into the reports to the Santam Audit & Risk committee and other governance structures as required;
• Maintain quality standards in terms of the audit methodology, approach and documentation of work performed; and
• Building relations with partners and various key stakeholders.

Qualification, Knowledge and Experience

• Related B Degree specializing in actuary (nearly qualified actuary or qualified);
• 3+ years actuarial experience in short term insurance;
• Knowledge of SAM and the ORSA process;
• Working knowledge of balance sheet management, capital management, and investment risks;
• Working knowledge of IFRS17 and developments around the new standard;
• Working knowledge of regulatory and governance standards; and 
• Experience in an assurance function (advantageous but not required).

Skills

• Understanding of underwriting and reinsurance processes and risks;
• Facilitation skills and ability to influence individuals, groups and teams;
• Strong verbal and written communication skills;
• Stakeholder management skills;
• Influencing and negotiation skills;
• Strong integrity and dealing with confidentiality; 
• Report writing skills;
• Professionalism, excellent judgement, use of discretion and problem-solving abilities;
• Accountability;
• Strong team player; and
• Advanced time management skills - must be able to multi-task.

Core Competencies

• Cultivates innovation - Contributing through others
• Customer focus - Contributing through others
• Drives results - Contributing through others
• Collaborates - Contributing through others
• Being resilient - Contributing through others