Actuarial Consultant: Savings Reporting at Sanlam Group

What will you do?

Output/Core Tasks:

The role supports the Single Savings product house through the valuation of Fixed Return/Guaranteed Plan/Guaranteed Annuities products and the Glacier platform business. The successful candidate will have regular interaction with senior management and with business to understand and communicate profits, embedded values, VNB’s and other financial information, including model change impacts and other basis changes. Real time mentoring and various growth opportunities will be available.

The specific tasks will mainly consist of the following:

• The valuation of Fixed Return/Guaranteed Plan/Guaranteed Annuities products
• The valuation of the Glacier platform business and other strategic business development products
• EV, VNB, SAM and ORSA calculations and analyses, and engagement with, and support to, the Regulatory reporting and Balance Sheet Management teams
• Maintenance and improvement of valuation bases for products
• Prophet and other valuation model development by providing technical valuations guidance and/or Prophet coding
• Continuous improvement and automation of existing valuation reporting processes
• Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests
• Assistance with model officialisations
• Back-up for crucial month-end tasks

What will make you successful in this role?

Role Requirements:

Qualifications:

• Actuarial student making good progress with actuarial exams

Experience & Knowledge:

• Life insurance product valuations experience would be an advantage
• Prophet experience would be an advantage
• Excellent skills in Microsoft Office suite 
• Methodical approach to work 
• Strong commitment to deadlines and sound time management 
• Strong communication 
• Attention to detail 
• Strong analytical and conceptual thinking 
• Desire to gain knowledge and develop processes