Manager: Regulatory Actuarial Reporting

What will you do?

Role description and output/Core Tasks:

The role consolidates, prepares and analyses the Solvency Assessment and Management (SAM) calculations and sensitivities for SLS entities. These include Sanlam Life, one of the largest insurers in South Africa, and Sanlam Retail Mass entities.  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.

The specific tasks mainly consist of the following:
•Solvency Assessment and Management (SAM) calculations
•Consolidation, analysis and strategy for Own Risk and Solvency Assessment (ORSA) scenarios
•Development, automation and ownership of SLS sensitivity generation
•Special projects including balance sheet optimisation and asset-liability matching
•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:
•Senior Actuarial student or recently qualified actuary

Experience and skills:
•Knowledge and understanding of life insurance products
•SAM and ORSA valuations experience are critical
•Sound knowledge of regulatory reporting requirements impacting the life insurance industry
•IFRS17, IFRS9 and Embedded Value reporting experience would be advantageous
•Market risk experience in the context of life insurance would be advantageous
•Data analysis software knowledge is critical (i.e. Strong Microsoft Excel, Access, R-Studio, SQL etc.)
•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 stakeholder management and coordination
•Good attention to detail
•Innovative and conceptual thinking
•Adaptability
•Advanced computer skills

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. 

Closing date: 31 March 2026

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