Please note: Applications for the Actuarial Graduate Recruitment Programme open on 15 June 2010 and close on 31 August 2010.
How do I apply?
You need to apply online via our Actuarial Development Programme website. Apply now…
Liberty Holdings Limited – the growing giant!
With a market capitalisation of around R20bn and operations in seven countries, Liberty Holdings Limited is South Africa's third largest life insurer and part of the giant Standard Bank Group.
A true blue-chip company, Liberty is a household name and one of the best-known and most pedigreed organisations in South Africa - in addition to being one of the largest property owners in the country!
The company offers a comprehensive range of life insurance and healthcare products as well as asset management services to both the individual and corporate markets.
All major asset classes are managed and it is Liberty's goal to be the preferred supplier of quality, value-added financial and associated services, both locally and internationally.
First registered in 1957 with a capital of R84 000, the company was listed on the Johannesburg Stock Exchange (JSE) in 1962. Only 20 years later, new corporate headquarters were opened in Braamfontein, Johannesburg and assets exceeded R2 billion.
The next ten years were characterised by a number of acquisitions and by 1992 Liberty was ranked the fifth largest company in South Africa, in terms of market capitalisation on the JSE.
In 1997 Liberty celebrated its 40th anniversary – in the same year, total assets exceeded R100 billion and earnings attributable to shareholders reached a record R3,08 billion.
A few years later Standard Bank acquired control of the company from founder and chairman, Donald Gordon. In 2001 Stanlib was formed through a combination of Liberty and Standard Bank’s asset management businesses.
Their combined strengths and expertise has seen Liberty surge ahead.
Some highlights include:
- R337 billion assets now are under management
- There is R27,2 billion group BEE normalised embedded value
- R5,9 billion was distributed to shareholders in the past five years
- The combined distribution force totals 3 499
- There are 5 334 permanent staff employees, excluding the distribution force
- Liberty has a presence in seven countries
- 3,2 million credit life policies are in force
- 2,7 million individual policies are in force
- 386 450 members are under corporate retirement schemes
- 472 000 lives are under health service management
- R3,4 billion is currently planned for properties expansion and refurbishment programmes
- R23 million has been spent on social responsibility programmes
- There are 9 012 ordinary shareholders.
Attracting great actuaries
At Liberty, we know how important actuarial skills are and provide many exciting career opportunities to actuarial professionals and students, across the full spectrum of our fast-growing operations.
One hundred and thirty actuarial staff members, of whom 40 are Fellows of the Actuarial Society of South Africa (ASSA) are currently employed. Ongoing support, in the form of further study opportunities, the arranging of actuarial conferences and administrative support is provided by the company’s Actuarial Development Programme.
We have actuarial staff members from graduate level to Executive Directors working in areas ranging from traditional life insurance and pensions, to banking and finance roles. Functions include product development, health, asset management, pensions, consultancy and financial solutions.
Liberty promotes a performance-driven, open and transparent work-culture, with strong emphasis on continued learning and active involvement in shaping the future.
We promote diversity throughout our organisation and as such our staff complement represents all cultures, races and universities in South Africa.
We pride ourselves in the fact that we do everything possible to take into account employees individual circumstances and life-stages and accordingly offer flexibility in terms of working hours and allow staff members to structure work packages to suit their unique lifestyles.