Posted on :
25 Jul, 2010
25 Jul, 2010
Sanlam is a leading financial services group in South Africa. We celebrated our 90th birthday in 2008. In nine decades Sanlam has set benchmarks for wealth creation, innovation and empowerment in South Africa. We have offices throughout South Africa and also have business interests elsewhere in Africa, Europe, India, Australia and the USA.
The Group demutualised in 1998 and Sanlam Limited then listed on the JSE Limited in Johannesburg and the Namibian Stock Exchange.
The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Groups’s centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI).
We provide financial solutions to individual and institutional clients. These solutions include individual, group and short-term insurance, personal financial services such as estate planning, trusts, home and personal loans, savings and linked products, investment, asset management, property asset management, stock broking, risk management and capital market activities.
DEPARTMENT: Sanlam Personal Finance: Actuarial: Head Office: Bellville
CLOSING DATE: 30 July 2010 before 12:00 (No late applications will be accepted)
VACANCY NUMBER: 50684612
1.The primary purpose of this role is to form a bridge between the
strategy formulation in the businesses in SPF and SEB and the technical
expertise in Actuarial.
2.To fulfil this purpose there will be three main deliverables in this
-Link of Solvency II between business and Actuarial:
,,-Communicate, train and advice business on Solvency II implications,
,,-Link business strategy to the actuarial specialists responsible for
implementing Solvency II
-Own the “use test” deliverable of Solvency II in SPF and SEB.
-Programme owner of Treating Customers Fairly (TCF) in SPF and SEB:
,,-Communication, training and advice on TCF.
,,-Communication with the Regulator.
-Continuous ad-hoc investigations to assist the businesses on optimising
,,-Predominant link will be the SSM function in the business. This
particular function will therefore be in close co-operation with
,,-Actuarial Analysis will be responsible for the calculations and
conclusions. The SSM function is responsible for the
implementation of recommendations.
,,-Ad-hoc investigations will cover the entire value chain, and cross
the various Regulatory licences.
,,-These investigations will have to leverage the technical capabilities
and resources in the wider Actuarial. In particular Prophet
modelling will be required.
1.An Actuarial qualification is a requirement.
1.(Practical) experience in a Business is highly recommended.
2.Ability to link the practical knowledge of the field to the
theoretical mathematical models inside Actuarial.
1.Thorough knowledge of Sanlam’s business practices.
1.Good communication skills.
2.Good presentation skills.
6.Influencing / gaining commitment.
7.Building and maintaining relationships.
11.Advanced computer skills (MS-Office).
Job Application process
Please apply online by clicking on the “Apply for this position” link.
Should you not hear from us within three weeks after the closing date, please assume that your application has been unsuccessful.
For Employment Equity purposes, we require that race, gender and disability status be specified.
Promoting excellence and commitment towards Employment Equity.