Senior Actuarial Consultant: Actuarial Reporting Consolidation

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Date: 24 Apr 2024

Location: Bellville, Western Cape, South Africa

Company: Sanlam Group

Who are we?

The Sanlam Retail Affluent business (SRA) is dedicated to empower South Africans in the middle- and upper-income segments to be financially confident, secure and prosperous. With deep client understanding and a focus on excellence in technology, client and intermediary experiences, SRA delivers financial solutions including comprehensive financial planning, life- and disability insurance, credit solutions, savings and investments, retirement and fiduciary services that can be accessed through various platforms.

What will you do?

Output/Core Tasks:

This role is responsible for consolidating valuation results with the purpose of extracting business insights and presenting this to senior management. You will work closely with experienced actuaries within the actuarial reporting team as well as interact with the Head of Actuarial Control for Sanlam Life and Sanlam Ltd, senior management like the Actuarial Executive, and the CEOs and senior management of the different product house businesses. The focus will be on creating an accurate picture of the current financial position of the company, including profit, new business flows, embedded value and solvency, in order to create value-add for business. This is a rare opportunity to combine technical actuarial work with commercial exposure.


This role will fit into the Sanlam Retail Affluent (SRA) Consolidation team, which main responsibilities are:

  • Analysis of SRA EV earnings.
  • Consolidation of SRA embedded value (EV) results.
  • SRA EV report.
  • Consolidating and delivering EV sensitivities.
  • Provide SRA EV information to various parties.
  • Compiling the valuation basis report for the Sanlam Life Insurance Board.
  • Maintaining valuation bases and documents.
  • Calculation and checking of monthly prices for the legacy business.
  • Monthly cash flows.
  • Consolidation and analysis of value of new business (VNB).
  • Compiling VNB report.
  • Consolidation and reporting of Retail Affluent profit.
  • Sanlam Life valuation report.
  • Consolidating and providing other Retail Affluent valuation results to Sanlam Group and Retail Affluent Finance.
  • Engaging with and providing information to internal and external auditors.
  • Embedding of IFRS17 reporting processes and understanding of results. 
  • Management reports and memorandums.
  • Ad-hoc investigations and tasks.

What will make you successful in this role?


  • Nearly qualified or recently qualified Actuary.


Experience & Knowledge:

  • Experience in an actuarial reporting environment including IFRS, EV, VNB and SAM bases. 
  • Good knowledge of Sanlam Life’s products would be an advantage.


Personal attributes and Competencies:

  • Strong analytical and conceptual thinking
  • Strong technical and operational ability
  • Ability to work independently and meet deadlines
  • Good verbal and written communication skills
  • Good attention to detail
  • Results driven
  • Effective communicator of technical information
  • Innovative and conceptual thinking
  • Teamwork orientation
  • Building and maintaining relationships

Personal Attributes

Business insight - Contributing through others
Optimises work processes - Contributing through others
Develops talent - Contributing through others
Self-development - Contributing through others

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

Cultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Collaborates - Contributing through others
Being resilient - Contributing through others

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: 30 April 2024

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity.  This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.  The Group's Employment Equity plan and targets will be considered as part of the selection process.

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