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Chief Actuary Sanlam Group

Western CapeSouth Africa
2 months0 Applicants
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job description - Chief Actuary


  • Calculation, review and analysis of technical reserves under local regulations, IFRS4 and IFRS17.  
  • Refine and further develop tools, process and reporting under IFRS17 to enhance value and accuracy of results. 
  • Portfolio analysis: claims experience and profitability.   
  • Data analysis: improve data quality, determine model points, and set actuarial assumptions. 
  • Produce reports to enable accurate decision making by management and subsequent monitoring of action plans. 
  • Work with central management and local management teams to establish a quarterly reserving review process across the portfolio. 
  • Drive the relationship with Finance, Pricing, claims handling to ensure holistic approach on reserving and pricing. 
  • Assistance with ad hoc actuarial needs from subsidiaries and JV central team. 

Qualification and Experience

  • Master's degree: Engineering, Actuarial Science, Statistics or Mathematics 
  • Qualified Actuary with 10+ years' experience 
  • Insurance company or advisory firm experience 

Knowledge and Skills

  • Mastery of statistical and probability calculation tools 
  • Analytical skills 
  • Synthetic skills 
  • Sound knowledge of non-life reserving methods 
  • Strong knowledge of statistical software programs (SAS - R) 
  • Strong mastery of MS Excel 
  • Writing and communication skills 
  • Fluent in English 

Personal Attributes

  • Good planning skills 
  • Leading a team 
  • Thoroughness and reliability 
  • Attention to detail 
  • Ability to see bigger picture and consider implications of results on wider processes and teams 
  • Analytical and organisational skills 
  • Good interpersonal skills 
  • Confidentiality 
  • Core Competencies
  • Cultivates Innovation 
  • Client Focus 
  • Drive Results 
  • Collaborates 
  • Flexibility and adaptability 
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We are a leading financial services institution in Nigeria, having successfully transformed the Nigeria Insurance space and distinguishing itself by delivering exceptional services.

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