Actuarial Consultant: Actuarial Consulting Unit (ACU) at Sanlam Group

Role Description

The Actuarial Consulting Unit (ACU) focusses on:

• Automating and streamlining actuarial processes to improve efficiency and reduce the (human) effort required by the (normal) BAU production teams;
• Aligning disparate processes between different teams, clusters, and products within the actuarial domain;
• Facilitating the integration of new workflow items, such as those arising from acquisitions, into standard processes;
• Conducting ad-hoc analyses and investigations as requested by various stakeholders.
• Providing relief and support to production teams when bottlenecks occur.
• Identifying, researching, and implementing value-add initiatives to enhance actuarial operations.
• Productionizing value-add initiatives, including those developed by the Business Intelligence (BI) analytics team.
• Improving the format and insights derived from reporting processes and reports;

What will you do?

• SLS Risk and Balance Sheet management is looking for a talented and creative actuary to join the team.

The role will fit into the Actuarial Consulting Unit and responsibilities will therefore include:

• Providing actuarial expertise to support the development of rewards and banking solutions within the Sanlam FinTech cluster.
• Automating and optimizing actuarial processes.
• Assisting with ad-hoc consulting projects across the various SLS Actuarial teams:
• Product Development and Pricing
• Risk and Balance Sheet Management
• Actuarial Reporting
• Business Intelligence
• Regulatory and Development
• Actuarial HR and Support

What will make you successful in this role?

Qualifications:

• Qualified Actuary

Experience and skills:

The following would be advantageous:

• Strong technical ability (Excel, VBA, PowerQuery, SQL, Python or similar).
• Experience in the banking sector.
• Experience in designing and implementing rewards programs.
• Experience and knowledge of the growing FinTech sector.
• IFRS 17 knowledge and experience.
• Broad knowledge base of Sanlam and SLS Actuarial.
• Understanding of insurance products, including their risks and value drivers (i.e. IFRS profit, Embedded Values etc.)