Actuarial Cons : Balance Sheet managemnt at Sanlam Group

What will you do?

Role description and Output/Core Tasks:

SLS Risk and Balance Sheet management is looking for a talented and creative actuary or actuarial student to join the team. The role will fit into the Solvency Optimisation team, which is responsible for:

• Maintaining and developing models through which insurance business performance (i.e. balance sheets, profits, embedded values, return on capital, solvency position) can be projected and sensitivity-tested for business planning purposes.
• Developing and maintaining the Required Capital Frameworks for SLS’s insurance businesses.
• Rebuilding the Projection model, allowing for the Business Planning Tool and balance sheet management opportunities.
• Supporting risk and capital management within SLS in view of further business and regulatory requirements. 
• Designing, implementing and reviewing solutions for the Own Risk and Solvency Assessment (ORSA) of Sanlam Life and the SLS Cluster with regard to:   
•  Forward looking projections;
• Stress & scenario testing; 
• Management Information.

What will make you successful in this role?

Qualifications:

• Actuarial student or senior actuarial student

Experience and skills:

The following would be advantageous:

• Balance sheet management and/or capital management experience.
• Valuations experience and/or product development experience.
• Risk management experience.
• IFRS 17 knowledge and experience.
• Broad knowledge base.
• Understanding of insurance products, including their risks and value drivers (i.e. IFRS profit, Embedded Values etc.)

Personal attributes and Competencies:

• The desire to optimise how businesses operate.
• Have a desire that your work adds value.
• Knowledge seeking/learning orientation.
• Ability to combine conceptual thinking with pragmatic solutions.
• Ability to work independently as well as part of a team, also across departments, businesses, clusters and legal entity boundaries.
• Ability and desire to innovate.
• Good communication skills.

Personal Attributes

• Self-development - Contributing independently
• Interpersonal savvy - Contributing independently
• Nimble learning - Contributing independently
• Tech savvy - Contributing independently