Who are we? Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.
The role essentially supports the calculation of valuation results (VNB, EV, SAM) for recurring and single premium savings products. The successful candidate will report to a qualified actuary with substantial experience, have regular interaction with senior management and have engagement with business to understand and communicate the business implications of the results. Real time mentoring and various growth opportunities will be available.
The specific tasks will mainly consist of the following:
Prospective valuation of savings and other products;Maintenance and improvement of Prophet and other savings valuation models;VNB calculations and analyses;Maintenance of valuation bases for products;Ad-hoc investigationsWhat will make you successful in this role?Requirements: Qualifications: Student with good exam progressExperience and skills: Good understanding of insurance productsLife insurance product valuations, Prophet and IFRS 17/9 experience would be an advantageGood verbal and written communication skills to manage relationships with business stakeholdersAbility to work independently, take initiative and meet deadlinesStrong analytical and conceptual thinkingKnowledge seeking/learning orientationPersonal AttributesBusiness insight - Contributing through others
Self-development - Contributing through others
Tech savvy - Contributing through others
Interpersonal savvy - Contributing through others
Build a successful career with usWe'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 CompetenciesCultivates innovation - Contributing through others
Customer focus - Contributing through others
Drives results - Contributing through others
Collaborates - Contributing through others
Being resilient - Contributing through others
Turnaround timeThe 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: 6 September 2024 Our commitment to transformationThe 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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