Actuarial Manager | Sandton

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.



What will you do?


The successful candidate will report to the SanlamAllianz Head of Actuarial Reporting for Life Insurance with a matrix reporting line to the SanlamAllianz Head of Actuarial Insights for Life Insurance. The role is responsible for managing the life insurance actuarial function across an assigned portfolio of businesses in the SanlamAllianz portfolio. Specifically, this means taking responsibility for the actuarial governance and delivery in line with the overall SanlamAllianz requirements and processes. The role provides exposure to a wide range of actuarial disciplines, interaction with diverse stakeholders and cultures across various jurisdictions, businesses and a broad range of products within the SanlamAllianz Life portfolio.




What will make you successful in this role?



The key responsibilities set out below are primarily focused towards the assigned portfolio of life insurance businesses, however, in the spirit of collaboration, the role will also be expected to make a broader contribution towards the continuous support and development of the SanlamAllianz Life actuarial function.


Management and Statutory Reporting


Manage high quality, timeous and adequate actuarial reporting for management and statutory purposes based on overall SanlamAllianz requirements.
Specifically, manage the delivery of actuarial valuations, value of new business, embedded value (EV) and the analysis of EV earnings, capital requirements including SAM solvency.
Manage the delivery of asset-liability management and the experience analyses.
Manage and report on financial soundness, specifically capital requirements and return on capital.
Manage the delivery of actuarial content into the actuarial and life reinsurance and underwriting committees as per the annual planner.
Participation in and oversight of local actuarial committees.


Planning, budgeting and profitability management


Manage the actuarial delivery of the planning and budgeting process in alignment with overall SanlamAllianz requirements.
Monitoring and managing risk, with an emphasis on financial risks.


Actuarial Governance


Ensure the integrity of actuarial reporting by maintaining a robust control environment.
Oversee the local actuarial teams and ensure high performance and compliance with SanlamAllianz standards.
Ensure that model governance requirements and standards are met.
Maintain and improve the internal control environment within the actuarial processes.
Oversee an effective internal and external audit execution for actuarial.
Drive ongoing improvement of actuarial systems and processes.


Strategic input, direction and alignment


Support the local entities through discovering and sharing insights, participating in budgeting processes, analysing key financial and performance results, and providing technical actuarial support.
Stay abreast of market trends, relevant legislation and events in appropriate statutory bodies.


Stakeholder engagement and relationship management


Build, develop and maximise effective relationships and manage expectations with all relevant stakeholders including in-country finance and actuarial teams.
Ensure that SanlamAllianz Life operates in accordance with relevant laws, regulation and actuarial and accounting standards applicable to its operations across all its markets and respective shareholder standards.
Contribute to the interpretation and understanding of, as well as related adequate business responses to proposed regulatory and other external changes.


People Leadership and Management


Contribute towards the ongoing technical and personal development support to the actuaries and students in the broader SanlamAllianz Life actuarial function.
Contribute towards developing the talent and depth of the SanlamAllianz Life actuarial function.
Provide leadership and direction to the relevant central and in-country stakeholders, teams and role players.
Lead by example in demonstrating the organisation's desired values and culture.





Qualification and Experience



Fellow of the Actuarial Society of South Africa
Minimum 6 years related experience in Financial Services
Extensive experience in IFRS 9 and 17 valuations, EV, VNB and SAM bases
A proven track record of high performance in managing self and a team
Experience in managing complex environments and across a portfolio of life insurance companies





Knowledge and Skills



A deep understanding of life insurance actuarial valuations, solvency, and products
Knowledge of financial and actuarial IT systems, reporting, and problem-solving
Expertise in financial risk management
Strong leadership, influencing, and change management skills
Excellent verbal and written communication abilities
Proven business acumen
The ability to inspire, motivate, and lead others effectively





Personal Attributes



Drive vision and purpose with a strategic, analytical, and innovative mindset
Excel in collaboration, building effective teams, and maintaining strong relationships
Demonstrate strong technical skills, attention to detail, and accuracy
Navigate complexity with business and industry insights
Exhibit diplomacy, excellent communication, and high personal integrity
Adapt to change, perform well under pressure, and take initiative
Show a mature, professional outlook with a passion for achieving results





Core Competencies



Cultivates Innovation
Client Focus
Drive Results
Collaborates
Flexibility and adaptability





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.


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