Group Risk Actuary (Based in either Tygervalley or Sandton)

Date: 3 Dec 2024

Location:

Tygervalley, Western Cape, ZA

Company: Sanlam Group

Who are we?

At SanlamAllianz, we are proud of being the largest Pan-African, non-banking financial services organization on the continent. Our dynamic operations span across 27 African countries (excluding South Africa), and our business is focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. Our core values - Innovation, Care, Integrity and Collaboration - guide our vision of distinguishing ourselves as the most admired financial services group in Africa. We nurture a high-performance, energising and engaging culture. Why? Because we, as employees of SanlamAllianz, understand the importance of feeling cared for, empowered, challenged to produce our best work and live with confidence.

What will you do?

The role will report to the Group Risk and Reinsurance Actuary. The role will give the successful candidate exposure to a wide range of actuarial disciplines, different people and cultures, and a broad range of products and businesses in Africa across the SanlamAllianz Life portfolio.

What will make you successful in this role?

The successful candidate will be responsible for building out SanlamAllianz Life Group Risk product support. This will include:

Support the local SanlamAllianz businesses with strategies to scale the group risk portfolios profitably
Develop and maintain relationships with key stakeholders in local businesses
Group risk pricing support and the governance thereof, experience rating and technical marketing
The development of new and revision of existing group risk products and riders
Ensure effective engagement on group risk product matters within SanlamAllianz Life portfolio businesses and support teams
Develop and maintain relationships with Sanlam Corporate in South Africa to stay close and apply best of class practices around group risk products across the SanlamAllianz Life portfolio
Working closely with the SanlamAllianz Life Distribution support function and develop innovative solutions for new market segments and multinational clients
Working closely with the SanlamAllianz Life IT and Operation support function to ensure effective operational processes, systems and procedures for group risk products
Collaborating with the SanlamAllianz Life Operations team to develop an experience rating capability aimed at establishing and maintaining a competitive and profitable pricing framework
Collaborating with the SanlamAllianz Life Reporting team to ensure correct reporting of group risk products

Qualification and Experience

Qualified actuary with a strong preference for experience in group risk pricing

Personal Attributes and Competencies

Experience of group life insurance products would be advantageous
Proficiency in Microsoft Office
Good verbal and written communication skills, as well as excellent people skills to manage relationships with business stakeholders
Strong analytical and conceptual thinking
Ability to work independently, take initiative and meet deadlines
Self-management skills, including the ability to prioritize tasks and hold oneself and others accountable
A strong commitment to achieving results coupled with a positive attitude

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

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.

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.

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 the key components to ensure 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.