Saturday , February 24 2024

Sanlam Vacancies 2023 – Reporting Consultant

Website Sanlam

Job Description:

The role supports the Closed Book product house through valuations of products including Universal life, Topcover and smaller Legacy products. The successful candidate will report to an actuary with substantial experience, have regular interaction with senior management and have optional engagement with business to understand and communicate profits, embedded values and other financial information, including model change impacts and other basis changes. Real time mentoring and various growth opportunities will be available.

Job Responsibilities:

  • Supporting monthly and semi-annual valuations on Closed book products (e.g. Universal Life, Topcover and smaller Legacy products)
  • Assistance with regulatory reporting
  • Continuous improvement and automation of existing valuation reporting processes
  • Assistance with Prophet model valuation methodology development and model officialisations (e.g. Universal Life model)
  • Assistance with ad hoc investigations (e.g. Data issues on Fund Accounting System)
  • Ad-hoc investigations and tasks, including interacting with the wider business to resolve queries and respond to reporting requests
  • Back-up for crucial month-end tasks (e.g. Checking unit fund prices and checking cash flows)
  • Embedded value (EV), SAM and ORSA-related engagement and support to the Regulatory reporting and Balance Sheet Management teams
  • IFRS17 Development, testing and analyses of results (e.g. Measurement methods in models and Transition Values)

Job Requirements:

  • Good attention to detail
  • Adaptability
  • Results driven
  • Advanced computer skills
  • Strong technical and operational ability
  • Strong operational process focus
  • Analytical and conceptual thinking

Qualification & Experience:

  • Ability to work independently, take initiative and meet deadlines
    Strong analytical and conceptual thinking
    Good verbal and written communication skills to manage relationships with business stakeholders
    Life insurance product valuations experience would be an advantage
    Good MS Office skills (Word, Excel)
    Knowledge seeking/learning orientation
    Good understanding of insurance products
    Actuarial student with good exam progress
    Prophet experience will be an advantage

Job Details:

Company: Sanlam

Vacancy Type:  Full Time

Job Location: Bellville, Western Cape, South Africa

Application Deadline: N/A

Apply Here