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  • Posted: Sep 14, 2021
    Deadline: Not specified
  • Since our establishment in 1918, Sanlam has been a prominent part of the South African business landscape. We have always held a long-term view of how business adapts to the demands of the environment in which it operates. Today, in a dynamic world, we see an evolving set of social, economic, political and environmental imperatives that require our skilful ...
    Read more about this company


    Actuarial Manager: Optimisation & CS

    What will you do?

    An exciting new opportunity exists in the MiWay Actuarial team. We are continuously looking to enhance the way we quantify risk, price and design our products. Come join the team and be part of the challenge.

    Assists the Chief Actuary with valuations in a financial services institution.  Responsible for premium rates and all other statutory valuation work.  Responsible for the activities of a department or a specific function or area e.g. supervision of actuarial staff, actuarial students and clerical staff.  In Pension Fund Industry would be appointed as Fund Evaluator with responsibility for checking fund calculations and doing complex presentations to clients.  In a Consulting environment would clarify client requirements and translate actuarial concepts into client-friendly terminology, meeting all reporting requirements.  May also be involved in product development.

    What will make you successful in this role?

    • Bachelors degree in Actuarial Science, Mathematical Statistics or related field

    • 2 years in short term price optimisation, pricing, product development or related role

    Deliverables include, but will not be limited to

    • Build GLM demand models

    • Improve current processes and expand optimisation capabilities

    • Perform ad hoc analysis and queries related to optimisation and LTV (lifetime value)

    • Embed LTV as a metric within the different areas of the business

    • Provide actuarial support to the Client Services Department

    • Manage a team of high-performing professionals

    Competencies Required

    • Analytical and critical thinker with a curious mind

    • Detail-oriented

    • Excited to learn new techniques and technologies, and continuously tackle new challenges

    • Keen to drive adoption of metrics to change the way a business operates.

    • Competency in the following programming languages would be advantageous: MS SQL, Oracle, Python, C++

    • An mathematical understanding of constrained optimisation would be advantageous

    • Agile and willing to change priorities as business needs change

    • Able to work alone and as part of a team

    Knowledge and Skills

    • Actuarial Problem Solving
    • Actuarial Negotiation
    • Business knowledge
    • Business analysis

    Personal Attributes

    • Business insight - Contributing through others
    • Optimises work processes - Contributing through others
    • Develops talent - Contributing through others
    • Self-development - Contributing through others

    Build a successful career with us

    We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

    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

    Turnaround time

    • The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 
    • Deadline to apply is 22 September 2021

    Our commitment to transformation

    At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.

    Method of Application

    Interested and qualified? Go to Sanlam on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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