Who are we?
Sanlam Emerging Markets (SEM) is responsible for Sanlam’s financial services (life insurance, general insurance, banking, retail credit, health, bancassurance, and asset management) in emerging markets outside South Africa. We are a dynamic business with a culture of high-performance, innovation, thought leadership, proactivity and learning. Our diverse footprint spans 34 countries across Africa. This creates exciting opportunities to learn, grow and work as you interact with colleagues from different cultures and backgrounds. Our vision is to create the leading pan-African financial services business. We believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success.
What will you do?
The SEM Actuarial and Capital Management function is a centralised team which provides various actuarial and capital support to the SEM cluster. The role presents an opportunity to get exposure to a diverse range of markets, businesses, cultures and stakeholders.
What will make you successful in this role?
• Calculate fair values for the general insurance, asset management and retail credit entities in the SEM portfolio
• Mergers and acquisitions support on an ad hoc basis
• Quarterly GEV reporting to Group, SDM, Sanlam Life, Santam and other stakeholders
• Set hurdle rates to inform appropriate capital allocation and track RoGEV performance across the portfolio
• Optimise the levels of capital deployed across the portfolio to support RoGEV and dividend flows
• Deliver a view on SEM economic capital and start to embed risk based capital as a management tool in the sub-clusters, key companies
• Assist in preparing Quarterly Business Review submissions
• Assist in preparing quarterly Actuarial reports to the SEM Finance and Risk Forum
• Ad hoc tasks/investigations to provide management information on key value drivers in the businesses
Qualification and Experience
• Nearly qualified or qualified Actuary
• 5 years + experience in a similar role
• Knowledge of short term insurance, asset management or credit businesses will be an advantage
Personal Attributes
• Ability to see the bigger picture
• Accountable and responsible for work produced
• Excellent communication skills, both written and verbal
• Analytical and conceptual thinking
• Adaptable to changing environment or requirements
• Meticulous attention to detail
• Creative, practical, and innovative thinking
• Building and maintaining relationships with external and internal clients
• Pro-active individual with the ability to work independently as well as a member of a team
• Ability to work effectively under pressure and to meet stringent deadlines
• Flexible in terms of working hours and able to travel if required
Core Competencies
Cultivates innovation - Contributing through othersCustomer focus - Contributing through othersDrives results - Contributing through othersCollaborates - Contributing through othersBeing resilient - Contributing through othersTurnaround 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.
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 four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.
Our commitment to transformation
The Sanlam Group is committed to transformation and embracing diversity and our employment equity plan and targets will be considered as part of the recruitment process. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.
The Sanlam Group is commited 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.
