Actuarial Manager at Sanlam Group

Job Purpose    
To manage the pricing and product development to ensure the financial stability of the Company. The Pricing Analyst will analyse data for pricing, product development and product enhancement.

Formal Qualifications    
•    BSc/BCom (Mathematics/Mathematical Statistics/Actuarial Science).  
•    Progress with actuarial exams would be beneficial. Completed Foundation and Intermediate Technical subjects.

Working Requirements and Knowledge    
•    Experience in managing actuarial teams.
•    A minimum of 1 year in a management role.
•    Pricing or product development in long-term insurance  
•    Experience investigations
•    Building and maintaining pricing models
•    MSOffice (advanced Excel knowledge), VBA and SQL
•    IFRS17 knowledge/experience is advantageous
 
Key Responsibilities     
•    Managing the Pricing and Product Development team
•    Managing the Reporting and Data analytics team
•    Developing and maintaining pricing models
•    Developing, maintaining and enhancement of risk products and policy terms
•    Developing pricing bases for all risk products
•    Support Sales in implementing renewals
•    Reviewing rates on existing business
•    Monitoring of claims ratios and profitability of Safrican’s schemes
•    Performing the various experience investigations to inform the pricing and embedded value bases (incl. expense and mortality investigations and Analysis of Surplus)
•    Maintaining the profitability of the standard products
•    Support the Senior Actuarial Manager in preparing Board Reports
•    Ad-hoc projects including internal and external audits
•    Provide technical oversight and support, for risk products to Sales, Finance and other service areas

Behavioural Competencies, Skills and attributes
•    Ability to manage teams and provide direction
•    Ability to work independently, work across teams and collaborate with various stakeholders.
•    Ability to mentor
•    Excellent analytical skills
•    Good decision making and problem-solving skills
•    Good written communication skills
•    Sound judgement
•    Time management skills with reliability in terms of adherence to deadlines
•    Ability to work under pressure
•    Accuracy and attention to detail
•    Accurate and efficient
•    Proactive and disciplined

Our commitment to transformation

Safrican is committed to achieving transformation and embraces diversity.  This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.  Safrican Employment Equity plan and targets will be considered as part of the selection process.