Actuarial Analyst

Date: 4 Feb 2025

Location:

Midrand, Gauteng, ZA

Company: Sanlam Group

Who are we?

At MiWay, our purpose is to enable people to live their way. We understand that life is not just about "things" but the meaning that those things bring to your life. We believe that technology and innovation have infinite possibilities when it's inspired by humans by you.

Therefore, we focus on our clients' needs; finding new ways to simplify their lives and how they do things.
We give them products, services, and solutions that enable them to live and enjoy life on their own terms – in their own way.

Agile values and principles are strongly embedded in our culture, and they are at the core of how we make decisions and how we approach adding value within the company.

What will you do?

An exciting new opportunity exists in the MiWay Actuarial team. We are continuously looking to enhance the way we quantify risk, price and design our products. Come join the team and be part of the challenge.

Required Qualification

Bachelors degree in Actuarial Science, Pure/Applied Mathematics or related field

Experience

1 Years experience in short-term insurance pricing

Deliverables include, but will not be limited to

Building and maintaining pricing models for business insurance.
Pricing fleets, as well as monitoring their experience.
Work closely with all units of business, especially underwriting.
Be able to spot inefficiencies in the business and be able to innovate on solutions.
Create or change product rules to adapt to the ever-changing insurance environment.

Competencies Required

Strong analytical and critical-thinking skills, coupled with a curious mind.
Exceptional attention to detail and accuracy.
A passion for driving meaningful change within the business
Resilience and the ability to manage conflict, understanding that change may not always be embraced by all stakeholders
Technical proficiency in tools such as SQL, Oracle, Python, R, and Excel (highly advantageous).
Agile mindset, with a willingness to adapt to changing business priorities.
Ability to work effectively both independently and within a team environment.

Knowledge and Skills

Actuarial Problem Solving

Issues management

Attention to detail and accuracy

Personal Attributes

Self-development - Contributing independently

Interpersonal savvy - Contributing independently

Nimble learning - Contributing independently

Tech savvy - Contributing independently

Core Competencies

Cultivates innovation - Contributing independently

Customer focus - Contributing independently

Drives results - Contributing independently

Collaborates - Contributing independently

Being resilient - Contributing independently

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Our commitment to transformation

At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.