ACTUARIAL ANALYST : MIDRAND

Location: Midrand, Gauteng, South Africa

Company: Sanlam Group

Who are we?

MiWay is a direct financial services company. We are passionate about service excellence, convenience and offering our clients superior value products. Our Vision is to be a world-class direct financial services business that offers a complete array of services under one convenient umbrella – all managed online. Category winners of the Mail & Guardian Top Companies Reputation Awards in 2014, as well as the Deloitte Best Company to Work For Survey 2011 and 2012 – were are passionate about our people. We are positive that with the right people on board, we will continue to grow and give our clients the freedom to do things their way – free from worry and most importantly at peace with all the “what-ifs” of the world. Company values that every employee subscribes to are: Energy, Freedom, Accountability and Attitude. The ideal candidate is one who has the courage to be bold and subscribes to MiWay’s core values! Do you have a positive attitude, love a challenge, treat your colleagues with respect and look for solutions, not problems? If yes, then MiWay is the place for you!

What will you do?


We are looking for a candidate to join the actuarial pricing team in MiWay Business Insurance. The successful candidate will not only be exposed to deriving and implementing scientific pricing for commercial insurance risks but will also be heavily involved in the risk functions generally associated with the commercial market including fleet pricing, individual underwriting, property surveys and product enhancements.

What will make you successful in this role?


Bachelor’s degree in Actuarial Science, Mathematical Statistics or related field
Deliverables include, but will not be limited to
Understand the underwriting environment of the commercial insurance market
Assist with ad-hoc data queries and risk analysis
Create sales, claims and lapse experience reports
Build and implement pricing models across a wide variety of products and risk segments
Implement underwriting and clause changes on the production system


Competencies Required


Analytical and critical thinker with a curious mind
Attention to detail
Programming skills especially SQL, R or Python will be an advantage
Agile and willing to change priorities as business needs change
Able to work alone and in a team
Understand the underlying statistical theory used to build GLM’s
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.

Turnaround 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.

Deadline to apply is 30 November 2021

Our commitment to transformation


At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.

How to apply :

https://careers.sanlamcloud.co.za/MiWay/job/Midrand-Actuarial-Analyst-Gaut/741014201/

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