Job Description

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 successful candidate will report to one of the Actuarial Managers within the SanlamAllianz Life Actuarial Reporting team.



The role is responsible for performing the life insurance actuarial function for an assigned business within the SanlamAllianz portfolio. Specifically, this means taking responsibility for the delivery in line with the overall SanlamAllianz requirements and processes.

What will make you successful in this role?

The key responsibilities set out below are primarily focused on the assigned life insurance business, 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.

Financial Reporting

Deliver high quality, timeous and adequate actuarial reporting for management and statutory purposes based on overall SanlamAllianz requirements. Specifically, delivery of actuarial valuations, value of new business, embedded value (EV) and the analysis of EV earnings, capital requirements including SAM solvency. Delivery of asset-liability management and the experience analyses. Report on financial soundness, specifically capital requirements and return on capital. 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

Actuarial delivery of the planning and budgeting process in alignment with overall SanlamAllianz requirements.

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.

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. Qualification and Experience
Nearly Qualified Fellow of the Actuarial Society of South Africa or good progress with actuarial exams Minimum 3 years related experience in Financial Services Experience with IFRS 17 valuations, EV, VNB and SAM bases will be beneficial A proven track record of high performance Knowledge and Skills
An understanding of life insurance actuarial valuations, solvency, and products Knowledge of financial and actuarial IT systems, reporting, and problem-solving Excellent verbal and written communication abilities Proven business acumen

Personal Attributes

Self-development - Contributing independently
Interpersonal savvy - Contributing independently
Nimble learning - Contributing independently
Tech savvy - Contributing independently

Core Competencies

Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently

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.