Product Actuary (Bellville)

About Sanlam Corporate

One of the largest businesses within the Sanlam Group, Sanlam Corporate (SC) specialises in the provision of risk, investment and administration services to institutions and retirement funds. Focused on meeting the unique needs of its diverse clients, SC assists companies in creating and delivering customised employee benefits solutions, including the collections of premiums and communication to fund members.

Key responsibilities

• Lead a small team, providing strategic direction with guidance from the Head of Actuarial
• Product ideation: finding innovative new ways to meet clients’ Group Risk needs or respond to legislative changes
• Develop and implement new Group Risk product solutions and product enhancements aimed at driving increased sales into target markets.
• Maintain the Risk product set by by understanding client requirements and adjusting product features appropriately.
• Facilitate Research, Marketing, Client and Competitor analysis on products, highlighting its performance and potential opportunities to ensure our products remain competitive.
• Collaborate with the Intermediary Support team to provide product support to our distribution partners.
• Collaborate with the wider group to implement solutions that span across business units
• Provide expert product guidance to other areas of the business, e.g. Servicing, Marketing or Technology.

Experience and qualifications

• Qualified actuary
• 5 - 10 years life insurance experience
• Group Risk experience preferred, especially in pricing or product development

Knowledge and skills

• Sound technical skills
• Exceptional communication skills – both verbal and written
• Excellent understanding of group insurance market
• Firm grasp on key financial reporting metrics
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Strong analytical and conceptual thinking
• Ability to work independently, take initiative and meet deadlines

Core competencies

• Leadership and stakeholder management abilities
• Demonstrate a business mindset
• Critical, analytical thinker
• Enjoys working with people
• Socially confident and skilled at building and maintaining relationships
• Exceptional communication skills
• Meticulous attention to detail
• Ability to motivate, develop and impart knowledge to others
• Results focused and displays energy when performing tasks
• Ability to perform well under pressure
• Able to manage self
• Proactive team player
• Ability to simultaneously work on multiple objectives

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. 

Our commitment to transformation

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.