Actuarial Assurance Specialist: Group Finance

Actuarial Assurance Specialist: Group Finance

Date: 28 Feb 2025

Location: Bellville, Western Cape, ZA

Who are we?

Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 31 countries.

As an Actuarial Assurance Specialist, the role will support the provision of independent assurance to the Board, Audit Committees and Management. The role is Cape Town based at Sanlam’s head office in Bellville and will include assurance assignments over actuarial functions across the Sanlam Group.

Duties and Responsibilities:

• Support overall planning and execution of actuarial assurance assignments group-wide.
• Working with Group Actuarial & Risk Management to understand and execute on combined assurance.
• Planning and execution of specific audit assignments such as validation of actuarial and financial models.
• Assurance activities relating to governance – specifically the adequacy of risk management and actuarial control functions across the Group.
• Support in providing specialist assurance over the Group’s IFRS17 models.

What will make you successful in this role?

• A learning mindset and a keen interest in actuarial concepts.
• A consulting and business partner mindset.
• Exceptional understanding of actuarial concepts including reserving processes and models.
• Ability to manage stakeholder relationships.
• A high level of attention to detail with excellent organizational skills.
• Good report writing skills.
• Passionate about excellence.
• A self-starter who identifies opportunities and potential problems.

Qualification and Experience:

• Nearly-qualified or recently qualified Actuary, with 6+ years actuarial experience in life and/or general insurance.
• Knowledge of SAM and/or Solvency II methodologies.
• Working knowledge of IFRS17.
• Experience in an assurance function is advantageous.

Knowledge and Skills:

• Actuarial Problem Solving
• Actuarial Negotiation
• Business knowledge
• Business analysis

Personal Attributes:

• Business insight
• Self-development
• Tech savvy
• Interpersonal savvy

Core Competencies:

• Cultivates innovation
• Customer focus
• Drives results
• Collaborates
• Being resilient

The closing date for applications is 14 March 2025.

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.