31.03.2024
Chief Actuary
Sanlam Group
South Africa, Bellville
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 Chief Actuary (regional) will play a critical role in ensuring accurate actuarial reserving practices for a large Pan African portfolio of general insurance companies across Africa on local regulations, IFRS4 and IFRS17 basis. The successful candidate will have the opportunity to be part of the team creating a high-functioning actuarial function for the GI portfolio. This position involves working closely with various stakeholders in your allocated region, including other actuarial teams in the group, Finance, Capital Modelling teams, Internal Audit and External Auditors. This will involve compilation of data received from various departments (IT, Legal, Finance, Technical, etc.), which are used to model statistics and probabilities for different types of risk, as well as to maintain various actuarial models. You will also have a team reporting to you. What will make you successful in this role?Calculation, review and analysis of technical reserves under local regulations, IFRS4 and IFRS17. Refine and further develop tools, process and reporting under IFRS17 to enhance value and accuracy of results. Portfolio analysis: claims experience and profitability. Data analysis: improve data quality, determine model points, and set actuarial assumptions. Produce reports to enable accurate decision making by management and subsequent monitoring of action plans. Work with central management and local management teams to establish a quarterly reserving review process across the portfolio. Drive the relationship with Finance, Pricing, claims handling to ensure holistic approach on reserving and pricing. Assistance with ad hoc actuarial needs from subsidiaries and JV central team. Qualification and ExperienceMaster's degree: Engineering, Actuarial Science, Statistics or Mathematics Qualified Actuary with 10+ years' experience Insurance company or advisory firm experience Knowledge and SkillsMastery of statistical and probability calculation tools Analytical skills Synthetic skills Sound knowledge of non-life reserving methods Strong knowledge of statistical software programs (SAS - R) Strong mastery of MS Excel Writing and communication skills Fluent in English Personal AttributesGood planning skills Leading a team Thoroughness and reliability Attention to detail Ability to see bigger picture and consider implications of results on wider processes and teams Analytical and organisational skills Good interpersonal skills Confidentiality Core CompetenciesCultivates Innovation Client Focus Drive Results Collaborates Flexibility and adaptability 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.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. 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 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.#J-18808-Ljbffr
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