Sanlam Jobs

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Actuarial Analyst

What will you do?

Santam’s Actuarial and Data Analytics team has an exciting new opportunity available for a general insurance professional.

The position will be based at Santam’s Head Office in Bellville, Cape Town or Sandton Johannesburg.
 

What will make you successful in this role?

We are looking for highly professional individuals, with a specific focus on the personal and commercial lines businesses. The successful candidate will be accountable for actuarial functions which will contribute to the profitable development and financial results of the Group. Working closely with the senior management team across Product, Pricing, Underwriting and Claims Services you’ll contribute to the development and execution of the broader strategy. 

KEY ACCOUNTABILITIES:

• Develop effective pricing and risk management strategies to balance profitability and growth
• Benefit tracking and performance monitoring of financial, underwriting and distribution indicators
• Create and maintain business reports to direct thought processes that drives action
• Contribute to the development and maintenance of the internal data assets to support pricing and other modelling initiatives
• Continuous process improvement and strategy evaluation
• Participate in strategic projects where actuarial input is required
• Support current underwriting segmentations models
• Interacting with distribution (sales) and claims with the objective of constantly incorporating market trends into the product solution value chain
• Supporting the development of product solutions for various market segments and channels
• Ad-hoc analysis – statistical investigations as required from time to time by the business

Qualifications & Experience

• Degree in either Mathematics, Statistics, Actuarial Science, Data Science or Computer Science. Non-actuarial candidates will also be considered even though the title of the position says Senior Actuarial Analyst.
• 3-5 years working experience, preferably in general insurance.
• Advanced computer literacy skills in one or more of the following: SAS, SQL, R, Python, Emblem etc.
• Strong modelling skills including experience in performing statistical investigations and building pricing / predictive models 
• Strong data management skills 
• Logical and analytical ability
• Self-starter, problem solver and finisher
• Good report writing and presentation skills
• Analysing 
   

Competencies

• Attention to detail 
• Planning and organising skills 
• Collaborates 
• Client focus 
• Drives results 
• Flexibility and adaptability 
• Cultivates Innovation 

Senior Pricing Specialist

Who are we?

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper. 

About Us

With over 106 years of experience, Santam is Africa’s leading general insurance company with a market share exceeding 24% in South Africa. Our client solutions business leads with a culture and work environment that truly provides meaningful opportunities for personal and professional growth. This is a contributing factor to Santam being recognised this year, and for the fourth consecutive year, as a Top Employer by the Top Employers Institute, the only general insurer in South Africa to achieve this rating.

This speaks volumes about our focus on best people practices, as well as our commitment to optimising and improving our business performance by selecting employees who are ready to thrive and perform with purpose. 

Santam Client Solutions (SCS) Pricing function is a key insurance capability of Santam’s SCS business unit, ensuring the achievement of the business unit’s growth and profit targets. Close collaboration with internal stakeholders, such as Underwriting, Operations, Distribution and Claims is required, to achieve these financial targets. And similarly, a proper understanding of the needs for external stakeholders and our clients is essential.

What will you do?

To focus on the technical development, maintanence and implementation of pricing models, ensuring accountability for profitability. This also includes maintaining and refining existing risk-based pricing models across all products within SCS, ensuring SCS pricing governance and controls are followed and that all the sign-off processes are adhered to before pricing models are implemented
 
Key accountabilities and responsibilities include:

•    Execute pricing strategies aligned with business objectives to ensure profitability for SCS while remaining competitive in the market
•    Build, maintain and implement scientific risk pricing models, ensuring pricing models are regularly updated through ongoing refinements and testing
•    Build pricing adequacy reporting framework
•    Apply advanced actuarial/statistical techniques using modern technology tools in analysing data and implementing pricing initiatives.
•    Technical pricing innovation and improvement on existing models to achieve short-term and long-term business targets
•    Ensure governance process are followed
•    Input into product development and business processes where required
 

What do you need?

Bachelor’s degree in actuarial science, statistics or similar qualification
•    Nearly qualified actuary, good progress with actuarial exams or similar 
•    Proven track record of at least 4 years’ experience within short term insurance pricing environment.
•    Good knowledge of Commercial and Personal products is advantageous.

Skills
•    Technical pricing skills
•    Management of a pricing team
•    Skilled in leading and coaching staff to keep pricing talents engaged and productive
•    Excellent English communication & report-writing and presentation skills
•    Establish interpersonal relationship, negotiating and networking skills
•    Ability to influence
•    Ability to work under pressure with appropriate prioritisation skills
•    Results-orientated and deadline driven
•    Analytical skills and problem-solving abilities
•    Creativity and ability to innovate and find new solutions to new challenges
•    Able to organise own and others’ workloads to achieve priorities and objectives
•    Demonstrate capability to think of the organisation holistically
•    Empowering others

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 key components to ensuring 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.

Business Analyst: SLS SanlamConnect Succession Fin Planning (Lynnwood) (PG 11/12) (Rerun)

Who are we?

Sanlam is a business that focuses on the middle and affluent market.  We are dedicated to supporting, growing, and empowering clients with affordable, easy, and suitable solutions, primarily through face-to-face intermediary channels, but also directly. We have approximately 2,000 tied advisers and 2,000 supporting independent brokers, all dedicated to meet the financial needs of our clients. Our vision: We aspire to be the best at building enduring relationships by connecting clients with Sanlam. We create sustainable value by attracting new clients, supporting ongoing client engagement, and providing adaptive solutions designed to answer life’s financial questions. ULTIMATELY, WE EMPOWER PEOPLE TO BE FINANCIALLY CONFIDENT, SECURE AND PROSPEROUS.

As part of SanlamConnect, Succession Financial Planning (SFP) is a financial services provider with a focus on the Registered Financial Adviser (RFA), looking to grow a professional practice while offering holistic financial planning to their clients. SFP is a wholly owned subsidiary of the Sanlam Group.

What will you do?

The role of the Business Analyst is to ensure the smooth and effective running the various systems, related processes, and integration points with other systems and applications. It will include the identification of gaps and opportunities and implement future solutions accordingly after analysing the industry trends. The role is also expected to participate in the IT strategy of SFP along with the architecture.  The role is also responsible to reduce and prevent any business risks associated with the use of system tools and applications by the intermediaries and to manage and facilitate the resolution of system issues, as well as driving any enhancements that are identified or suggested. The role will also manage and take ownership of allocated projects and tasks, as well as assigned resources. The role will also be responsible to: 
•    Work with the various business units and the IT delivery teams to identify and define business requirements,
•    Analyse & design new business processes and document these requirements and designs,
•    Ensure a clear & complete understanding of the requirements,
•    Quality management reviews throughout the SDLC to ensure requirements are fulfilled,
•    Perform testing to ensure that business requirements have been met,
•    Provide production incident support

What will make you successful in this role?

•    To ensure the smooth and effective running of relevant intermediary (electronic) tools and applications. 
•    To ensure the ease of use of relevant tools and applications, as utilised by the intermediary, thus enhancing the intermediary’s experience – as well as the end-user customer’s experience.
•    To reduce and prevent any advice risk associated with the use of system tools and applications by the intermediaries, in relation to assigned portfolio.
•    To manage and facilitate the resolution of system issues, as well as driving any enhancements that are identified/suggested – as per agreed upon portfolio and focus areas.
•    Manage and take ownership of allocated projects/tasks, as well as assigned resources.

Qualification and experience  
•    3-year diploma or degree (IT focus)
•    Business Analyst qualification
•    Working knowledge of the SAFe Agile methodology will be an advantage
•    Project management qualification will be an advantage
•    At least 5 years business analyst experience in the financial services industry
•    Experience in architecture will be advantageous 

 
Knowledge and skills  

IT/Systems/Tools:
•    MS: Office (Excel, Word, PP)
•    SanPort
•    SanFin
•    Leads
•    InterAct
•    Oxford Risk Profiling

Business:
•    Sound financial services industry knowledge/context
•     Knowledge of intermediary tools will be advantageous
•    Process mapping, Product knowledge / Product life cycle knowledge 
•    Sales advice processes/steps/standards/guidelines
•    Sales tools, calculators, and aids
•    Content management processes and guidelines
•    Financial services compliance legislation/regulations (incl. FAIS, TCF, PPI etc.) 

Core competencies  

•    Being resilient 
•    Collaborates 
•    Cultivates Innovation 
•    Customer Focus 
•    Drives results 

Personal attributes  
•    Effective at building partnerships
•    Analytical with an eye to enhance systems and processes
•    Willing to influence the thinking of stakeholders
•    Comfortable having to collaborate with various role-players 
•    Able to maintain performance under pressure
•    Effective leadership skills 

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.

Core Competencies

Being resilient – Contributing independently

Collaborates – Contributing independently

Cultivates innovation – Contributing independently

Customer focus – Contributing independently

Drives results – Contributing independently

Turnaround time

•    The closing date for applications is 23 December 2024

The recruiter reserves the right to withdraw the advertisement prior to the closing date or to allow further applications to be submitted after the closing date indicated.  

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 aim is to help you 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 business clusters – Life and Savings, Sanlam Emerging Markets, Sanlam Corporate, Sanlam Investment, Santam, as well as 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. This commitment is what drives us to achieve a diverse, inclusive and equitable work environment as we believe these are key components to ensuring a thriving and sustainable business in South Africa.

Click here to apply

All the best with your applications