Reinsurance Business Actuary / Consultant

What will do?

This is an exciting opportunity for an individual that wants to expand their reinsurance knowledge and experience.
This role will focus on the management of Sanlam’s Individual Life Reinsurance for Sanlam Risk and Savings, including

• Reinsurance strategy implementation
• Reinsurance operational support
• Reinsurance contract management
• Engaging with Sanlam Risk and Saving’s reinsurance partners.

This role will also support the Head of business development and Reinsurance on any reinsurance needs across SLS.

The individual will work closely with the Sanlam Risk and Savings teams and the Sanlam Life and Savings Actuarial team.

What will make you successful in this role?

Output/Core Tasks

Reinsurance:

• Support and continuously look at effective ways to implement the reinsurance strategy for Sanlam Risk and Savings. A balance should be struck between value add, simplicity and the necessary risk mitigation action
• Work closely with Sanlam Risk and Savings (SRS) Client Solutions, Sanlam Risk and Savings (SRS)Operations, Claims, Medical division, Finance and SLS Actuarial to manage the reinsurance requirements for SRS including  providing input  on reinsurance solutions for new products
• Providing reinsurance management information to business stakeholders
• Lead change initiatives on the Reinsurance system as the Business owner
• Provide operational support for planning and implementing new reinsurance transactions
• Ensure up to date and timeous reinsurance contracting
• Engage with Sanlam Risk and Saving’s reinsurers on operational matters and manage the relationships
• Engage and collaborate with SLS Actuarial on reinsurance pricing matters.
• Provide support to the Head of Business development and Reinsurance including:
       - Assistance and production of the Reinsurance board and other business documentation together with business leaders
       - Managing and executing the governance framework for reinsurance across the SLS cluster including leading contractual work relating to reinsurance

Role Requirements

Qualifications and experience:

• Qualified or nearly qualified Actuary with at least 3 years relevant experience in life insurance risk products.
• Good MS Office skills (Word, Excel)

Knowledge:

• Knowledge and understanding of Sanlam’s risk solutions.
• Reinsurance experience will be an advantage

Competencies:

• Strong analytical and conceptual thinking
• Excellent communication and interpersonal skills for interacting with business stakeholders and Reinsurers
• Building networks and maintaining relationships
• Ability to work independently and is action orientated
• Self-motivated / disciplined
• Takes ownership to learn and develop self
• Adapt approach to different demands and situations
• Manage complexity of information and effectively solve problems

Knowledge and Skills

Personal Attributes

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.

Core Competencies

Turnaround time

Should you not hear from us 4 weeks after the closing date (28 February 2025), please assume that your application has been unsuccessful

Appointments will be made in line with the company’s transformation plan.

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. 

Our commitment to transformation