Actuary I at Sanlam Group

What will you do?

Role description and Output/Core Tasks:

• SLS Risk and Balance Sheet management is looking for two talented and creative actuaries or actuarial students to join the team.
• While we have specific focus areas in each sub team we are flexible to adjust to individual talents, preferences and requirements.  

The two roles will fit into two sub teams who are responsible for:

• Balance sheet management optimisation.
• Maintenance and development of models through which insurance business performance (i.e. profits, embedded values, return on capital) can be projected and sensitivity-tested for business planning purposes.
• Developing and maintaining Required Capital Frameworks for SLS’s insurance business for the post IFRS 17 environment.
• Perform Projection model rebuild, allowing for Business Planning Tool and balance sheet management requirements.
• Support risk and capital management within SLS in view of further business and regulatory requirements. 
• Design, implement and review solutions for the Own Risk and Solvency Assessment (ORSA) of Sanlam Life and the SLS Cluster and, in particular, with regards to:
• Forward looking projections;
• Stress & scenario testing
• Management Information.

What will make you successful in this role?

Qualifications:

• Senior actuarial student or qualified Actuary.

Experience and skills:

• Insight into insurance risk and market risk exposure, and the management thereof.
• Modelling skills.

The following would be advantageous:

• Balance sheet management and/or capital management experience.
• Valuations experience and/or product development experience.
• IFRS 17 knowledge and experience.
• Wide knowledge base.
• Understanding of insurance products, including their risks and value drivers (i.e. IFRS profit, Embedded Values etc.)