Managing Executive: Sanlam Group Risk at Sanlam Group

What will you do?

• The Managing Executive: Sanlam Group Risk is a member of the SC Executive Leadership team, reporting to the Chief Executive Officer: Sanlam Corporate. The role has several senior direct reports and partners with various Sanlam business units to deliver leading risk products and solutions to our clients. The role requires a seasoned executive with experience in the Employee Benefits business.

What will make you successful in this role?

• Accountability for the direction of the Group Risk business to achieve agreed strategic and financial outcomes.
• Develop and maintain a framework for decision making in the quotes area to optimise the process and promote consistency
• Ensure risk products are priced appropriately and carefully monitor benefit design to ensure optimal outcomes.
• Execution of competitive pricing strategies to drive long term profitability and business growth.
• Drives the use of world-class capability in mortality and morbidity expertise including research, product management, modelling, underwriting, claims management, pricing and reinsurance.
• Integrate risk and healthcare products to improve member outcomes and to enhance our proposition, aligned to the strategic focus on holistic solutions.
• Investigate and analyse competitor trends and utilise insights to product development and pricing strategies
• Design, implement and drive an annual rate review strategy that focuses on process optimization, increased automation and alignment with the new business pricing strategies
• Assess the suitability and viability of new products and services and provide the necessary support to ensure development takes place within agreed time frames.
• Ensure that products are developed and priced with the Group’s governance framework and that products continue to be maintained within this framework.
• Set and review the reinsurance strategy for the Group Risk portfolio, foster a culture of close collaboration with our reinsurance partners.
• Partner with SC Distribution to establish, monitor and review pricing and product development principles across the product spectrum for both new and existing business.
• Actively participate in the research and monitoring of the industry, target market and competitors to identify opportunities and threats as well as areas for improvement in operations.
• Partner with the Client Experience to enhance client and intermediary reporting to enhance Sanlam Corporate’s ability to differentiate itself from competitors.
• Establish and promote healthy vertical and horizontal business processes that insure efficient and effective client delivery within set expectations and agreed performance standards in the area of accountability.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Partner with Distribution & Servicing to define fair and innovative client service practices which build rewarding relationships, and allows team to provide exceptional client service.
• Engage with key internal and external stakeholders to identify changing client needs and align service offering with client needs.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Foster a positive work environment and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organizational values.
• Optimally utilise the budget for the business, including the authorisation of expenditures and implementation of financial regulations.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.

Personal Attributes

• Drives vision and purpose - Contributing strategically
• Business insight - Contributing strategically
• Manages complexity - Contributing strategically
• Strategic mindset - Contributing strategically

Core Competencies

• Cultivates innovation - Contributing strategically
• Customer focus - Contributing strategically
• Drives results - Contributing strategically
• Collaborates - Contributing strategically
• Being resilient - Contributing strategically