Actuarial Analyst

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Date: 22-Jul-2021

Location: Midrand, Gauteng, South Africa

Company: Sanlam Group

Who are we?

MiWay is a direct financial services company. We are passionate about service excellence, convenience and offering our clients superior value products. Our Vision is to be a world-class direct financial services business that offers a complete array of services under one convenient umbrella – all managed online. Category winners of the Mail & Guardian Top Companies Reputation Awards in 2014, as well as the Deloitte Best Company to Work For Survey 2011 and 2012 – were are passionate about our people. We are positive that with the right people on board, we will continue to grow and give our clients the freedom to do things their way – free from worry and most importantly at peace with all the “what-ifs” of the world. Company values that every employee subscribes to are: Energy, Freedom, Accountability and Attitude. The ideal candidate is one who has the courage to be bold and subscribes to MiWay’s core values! Do you have a positive attitude, love a challenge, treat your colleagues with respect and look for solutions, not problems? If yes, then MiWay is the place for you!

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.

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.

What will make you successful in this role?

  • Bachelor’s degree in Actuarial Science, Mathematical Statistics or related field
  • Exposure to pricing / GLM models
  • 2 years’ experience in predictive modelling in the financial services sector

Deliverables include, but will not be limited to

  • Build and implement pricing models
  • Monitoring of results
  • System development required to update underwriting process
  • Continuous improvements to model building and implementation methodology

Competencies Required

  • Analytical and critical thinker with a curious mind
  • Attention to detail
  • Understand the underlying statistical theory used to build GLM’s
  • Programming skills in MS SQL, Oracle, Python or R an advantage
  • Agile and willing to change priorities as business needs change
  • Able to work alone and in team

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

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 four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

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. 

Deadline to apply is 6 August 2021

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.