Actuarial Modeller at Sanlam

Under direct supervision, performs assignments of actuarial-related duties such as preparing, performing and analysing actuarial research and audits. Other duties include collecting data from various databases and performing standard mathematical calculations.

Output/Core Tasks

• Maintenance and development of Prophet models (and related tools) used in the valuation process, solvency calculation and balance sheet projections
• Review and enhance specifications for model changes
• Unit and regression testing of model changes
• Documentation of model changes and tests
• Support with the implementation of models
• Peer review of specifications, model changes and documentation
• Assistance with ad-hoc tasks and investigations
• Focus will be mainly on the Prophet model used for SRA’s individual life risk products (incl Matrix product range)
• As part of the Reporting team, you will also have the opportunity to contribute to the enhancement of actuarial valuation processes
• Over time, you will gain an in-depth knowledge of the risk product range and the analysis and interpretation of results produced by the models.

What will make you successful in this role?

Requirements
Qualifications:

• Actuarial student (good progress with subjects will be an advantage).

Experience And Skills

• Long term commitment to modelling work
• Strong modelling skills, ideally using Prophet software
• Ability to understand complex and technical concepts
• Strong analytical thinking skills
• Ability to work independently and meet deadlines
• Excellent planning and organizational skills
• Good verbal and written communication skills
• Ability to peer review specifications, model changes and documentation
• Willingness and eagerness to learn
• Familiarity with handling/analyzing data in databases or related programming languages would be useful