Actuarial Consultant : Reporting at Sanlam Group

What will you do?

Role description and Output/Core Tasks:

• SLS Actuarial provides support to SC Finance for profit calculations and is also responsible for SC’s valuation (including SAM results), EVs and ORSA calculations. This role supports these deliverables.
• The output required is the delivery of valuation information and critical monthly information to business. The mixture of responsibilities will depend on the abilities & experience of the candidate appointed. 

Tasks to be performed include:

• Monthly valuation of retrospective SC Group Investment reserves;
• Calculation and management of SC Group Estate reserves;
• Assist with monthly IFRS17 calculations for SC Smoothed Bonus Investment products;
• Profit reporting including Group Admin profit reconciliation with SC: Finance;
• Allocation of SC expenses to products in Fund Accounting;
• Monthly manual journals for Fund Accounting;
• Calculation of monthly bonuses for SC Smoothed Bonus investment products;
• Calculation and communication of monthly funding levels of SC Smoothed Bonus products;
• Calculation of monthly guaranteed and investment fees;
• Calculation of monthly interest rates;
• Half-yearly consolidation of Analysis of Earnings of SC non-covered business;
• Assist with the development and maintenance of the SC EV Prophet model including required output templates, etc.;
• Ad-hoc tasks, e.g. Annuity Rates tables; 
• Ad-hoc investigations.

What will make you successful in this role?

Requirements:

Qualifications:

• Actuarial or Finance degree
• Good progress with Actuarial subjects

Experience and skills:

• Good understanding of insurance products
• Good verbal and written communication skills to manage relationships with business stakeholders
• Ability to work independently, take initiative and meet deadlines
• Strong analytical and conceptual thinking
• Good MS Office skills (Word, Excel, PowerPoint)
• Knowledge seeking/learning orientation 
• Life insurance product valuations experience will be an advantage
• Prophet and DCS experience will be an advantage

Personal attributes and Competencies:

• Strong technical and operational ability
• Strong operational process focus
• Good attention to detail
• Taking ownership of tasks
• Analytical and conceptual thinking
• Results driven
• Adaptability
• Advanced computer skills