Head Integrated Benefits

About Sanlam Corporate

Sanlam Corporate forms part of the Sanlam Group which offers retail and corporate life insurance, health and investment products in South Africa. Our vision is to be the preferred partner to Corporate and Public Sector by providing awesome client experience and comprehensive solutions that enable the financial resilience and prosperity of those entities and their employees.

We believe in creating and cultivating a positive, diverse, energised working environment that gives every individual the opportunity to achieve success and deliver meaningful value

Overall Purpose of the Role

As the Head of Integrated Benefits you be responsible for establishing and leading the centralised actuarial pricing capability within the Client Experience (CX) function. The role focuses on optimisation of the whole client relationship and ensures that integrated employer solutions spanning Group Risk, Umbrella Retirement, Health/Wellness, Booost Loyalty, and emerging Banking App capabilities are priced sustainably, competitively, and in alignment with Sanlam Corporate’s client strategy. The position is responsible for designing the economic engine behind client-centric value propositions, improving scheme-level profitability, driving retention and acquisition, and supporting the development of holistic, outcomes-based offerings.

Key Responsibilities

• Develop and own the integrated pricing framework across Group Risk, Retirement, Health/Wellness, Loyalty (Booost), and Banking App value propositions.
• Design employer-level and member-level economic models, including scheme profitability, experience rating, lifetime value (LTV), and cross-product pricing.
• Build and maintain pricing models that support bundled solutions and integrated value propositions for employers, trustees, and institutional clients.
• Partner with Product, Finance, Data, Distribution, and CX teams to ensure pricing assumptions align with operational realities, client needs, and actuarial standards.
• Lead actuarial design of Booost loyalty reward structures, ensuring cost sustainability, behaviour-driven economics, and regulatory compliance.
• Ownership of Sanlam Corporate’s financial wellness solutions (such as Optimise)
• Collaborate on the development of Banking App capabilities, advising on behaviourlinked pricing, embedded insurance, and financial wellbeing interventions.
• Work with Distribution and CX to support RFQs, renewals, and strategic employer engagements with transparent and evidence-based pricing insights.
• Monitor claims experience from reward utilisation, digital engagement metrics, and scheme profitability; recommend adjustments to pricing levers as required.
• Develop and present Trustee-ready reports on value-for-money, fairness, member outcomes, and scheme sustainability.
• Ensure compliance with actuarial standards, Treating Customers Fairly (TCF), POPIA, and industry regulation.
• Lead continuous improvement of pricing governance, controls, documentation, and audit trails.
• Support strategic initiatives, pilot programmes, and innovation projects across the Corporate cluster.

Qualification and Experience

• Qualified Actuary (FASSA/Equivalent) or near qualified with strong pricing experience.
• Minimum 5–8 years actuarial experience in Group Risk, Employee Benefits, Health, or Institutional markets.
• Experience in pricing, product development, or actuarial modelling within financial services.
• Experience engaging with consultants, trustees, and institutional clients advantageous.
• Experience with behavioural economics, loyalty programmes, or digital financial products beneficial.

Knowledge and Skills

• Strong actuarial modelling capability and proficiency with pricing tools.
• Deep understanding of institutional EB market dynamics (group risk, retirement funds, wellness, administration).
• Knowledge of POPIA, actuarial standards, and governance frameworks.
• Understanding of behavioural economics and reward optimisation.
• Ability to translate complex actuarial concepts into business insights for executives and trustees.
• Strong analytical, problem-solving, and strategic thinking skills.
• Ability to work collaboratively in cross-functional teams and influence decisions without authority.

Personal Qualities

• Courageous and intellectually curious.
• Able to manage complexity and ambiguity in a fast-evolving environment.
• Resilient, adaptable, and solutions-oriented.
• Committed to accountability, excellence, and high performance.
• Strong communicator with ability to engage senior stakeholders.

Core Competencies

• Client Focus – Designing solutions centred on employer, trustee, and member needs.
• Cultivates Innovation – Bringing innovative ideas to integrated client value propositions.
• Drives Results – Delivering pricing excellence, profitability improvement, and client value.
• Collaborates – Working across actuarial, CX, product, and distribution teams.
• Resilience – Managing deadlines and complexity in a dynamic environment.

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.

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. 

The closing date for this advert is 3rd June 2026

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.