Sanlam Vacancies in Johannesburg – Actuarial Manager

Job Description:

To manage the pricing and product development to ensure the financial stability of the Company. The Pricing Analyst will analyse data for pricing, product development and product enhancement.

Job Responsibilities:

• Managing the Pricing and Product Development team
• Managing the Reporting and Data analytics team
• Developing and maintaining pricing models
• Developing, maintaining and enhancement of risk products and policy terms
• Developing pricing bases for all risk products
• Support Sales in implementing renewals
• Reviewing rates on existing business
• Monitoring of claims ratios and profitability of Safrican’s schemes
• Performing the various experience investigations to inform the pricing and embedded value bases (incl. expense and mortality investigations and Analysis of Surplus)
• Maintaining the profitability of the standard products
• Support the Senior Actuarial Manager in preparing Board Reports
• Ad-hoc projects including internal and external audits
• Provide technical oversight and support, for risk products to Sales, Finance and other service areas

Job Requirements:

• BSc/BCom (Mathematics/Mathematical Statistics/Actuarial Science).
• Progress with actuarial exams would be beneficial. Completed Foundation and Intermediate Technical subjects.
• Working Requirements and Knowledge
• Experience in managing actuarial teams.
• A minimum of 1 year in a management role.
• Pricing or product development in long-term insurance
• Experience investigations
• Building and maintaining pricing models
• MSOffice (advanced Excel knowledge), VBA and SQL
• IFRS17 knowledge/experience is advantageous
• Ability to manage teams and provide direction
• Ability to work independently, work across teams and collaborate with various stakeholders.
• Ability to mentor
• Excellent analytical skills
• Good decision making and problem-solving skills
• Good written communication skills
• Sound judgement
• Time management skills with reliability in terms of adherence to deadlines
• Ability to work under pressure
• Accuracy and attention to detail
• Accurate and efficient
• Proactive and disciplined

Job Details:

Company: Sanlam

Vacancy Type:  Full Time

Job Location: Johannesburg

Application Deadline: N/A

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