Senior Actuarial Consultant: Reporting(Re-run) at Sanlam Group

Role Description

• The role consolidates, prepares and analyses the Solvency Assessment and Management (SAM) calculations for Sanlam Life, one of the largest insurers in South Africa.  The successful candidate will report to the Head of Regulatory Actuarial Reporting and consult widely with Actuarial Reporting product owners and senior management to align outcomes across the department. Real time mentoring and career growth opportunities are available throughout the Sanlam Group.

What will you do?
The specific tasks mainly consist of the following

• Solvency Assessment and Management (SAM) calculations for Sanlam Life
• Consolidation, analysis and strategy for Own Risk and Solvency Assessment (ORSA) scenarios
• Analysis of results to provide solvency and capital allocation insights to the business
• Engagement with senior management (including the Head of Actuarial Function and Chief Risk Officer)
• Development and provision of management information
• Effective implementation of new systems and product changes into the Regulatory Actuarial Reporting environment
• Continuous improvement and automation of existing processes
• Ad-hoc SAM related investigations and tasks, including interacting with the wider business to resolve queries and respond to regulatory requests
• Assistance with International Capital Standards (ICS) calculations and Reporting
• What will make you successful in this role?

Requirements:

Qualifications:

Qualified Actuary

Experience and skills:

• Knowledge and understanding of life insurance products
• SAM and ORSA valuations experience is desirable
• Sound knowledge of regulatory reporting requirements impacting the life insurance industry
• Strong Microsoft Excel and other data analysis software knowledge is required
• Prophet experience is advantageous
• Excellent verbal and written communication skills to manage relationships with various business stakeholders
• Ability to work independently, take initiative and meet deadlines
• Strong analytical and conceptual thinking
• Desire to gain knowledge and develop processes

Personal attributes and Competencies:

• Strong technical and operational ability
• Self-motivated with a strong focus on delivering results
• Strong operational process focus
• Good attention to detail
• Innovative and conceptual thinking
• Adaptability
• Advanced computer skills