Cons: Act Reporting
Cape Town, Western Cape, ZA
2h ago
source : Latest Jobs

The Sanlam Personal Finance (SPF) cluster is responsible for Sanlam’s retail business in South Africa. SPF provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions.

These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services.

Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.

What will you do? Role description and output / Core Tasks : The role supports the Closed Book product house through valuations of products including Funeral, Universal life and Topcover.

The successful candidate will report to an actuary with substantial experience, have regular interaction with senior management and have optional engagement with business to understand and communicate profits, embedded values and other financial information, including model change impacts and other basis changes.

Real time mentoring and various growth opportunities will be available. The specific tasks will mainly consist of the following :

  • Performing monthly and semi-annual valuations on Closed book products (e.g. Funeral, Universal Life and Topcover products)
  • Assistance with regulatory reporting
  • Continuous improvement and automation of existing valuation reporting processes
  • Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests
  • Embedded value (EV), SAM and ORSA-related engagement and support to the Regulatory reporting and Balance Sheet Management teams
  • Assistance with Prophet model valuation methodology development and model officialisations
  • Assistance with ad hoc investigations
  • What will make you successful in this role? Requirements : Qualifications :

  • Degree with a minimum of 2 years experience
  • Good progress with actuarial studies. Preferably all CT’s completed
  • Experience and skills :

  • Good understanding of insurance products
  • Life insurance product valuations experience would be an advantage
  • Prophet experience will be an advantage
  • Good verbal and written communication skills to manage relationships with business stakeholders
  • Ability to work independently, take initiative and meet deadlines
  • Strong analytical and conceptual thinking
  • Good MS Office skills (Word, Excel)
  • Knowledge seeking / learning orientation
  • Personal Attributes Self-development - Contributing independently Interpersonal savvy - Contributing independently Nimble learning - Contributing independently Tech savvy - Contributing independently

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