Actuarial Manager: Individual Products

What will you do?

• Participate in the design of funeral, risk, credit life, savings and retirement products for Sanlam Retail Mass.
• Oversee the required research and competitor analysis to support the positioning and development of products and solutions.
• Design and implement other solutions that address needs of the Sanlam Retail Mass target market.
• Contribute to cross-sell initiatives from a product perspective.
• Assist the pricing team in pricing new products, or changes in products or benefits.
• Coordinate the implementation of new products or changes to products, benefits or business rules on various systems from a product perspective.
• Coordinate experience investigations to monitor the adequacy of pricing and valuation bases.
• Leverage data to derive insights to drive strategy.
• Support other teams in Product Development and Actuarial Support with the maintenance of in-force products – this may include reinsurance work, support with technical queries and other ad-hoc projects.
• Contribute to all product material – training, marketing, client facing and other.
• Monitor product performance and implement reviews to address short-comings or evolving needs.
• Monitor the individual product offering from a TCF perspective and implement adequate monitoring mechanisms to illustrate this.
• Support the Individual Products team to ensure teamwork towards targets, as well as team growth and development.  
• Provide support on various ad-hoc projects where needed.
• Build models to assist the broader business in decision making.
• Assist with the assessment and managing of regulatory impacts on the business.
• Opportunity to manage a small team of actuarial students.

What will make you successful in this role?

Qualification & experience 

• A Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Qualified Actuary.
• At least 7 years’ working experience, of which 3 years in life insurance product development or valuations.

Knowledge and Skills

• Actuarial problem-solving skills.
• Insurance business knowledge.
• Business analysis skills.
• Computer skills – proficiency in Microsoft Office (MS Excel, Word, Powerpoint), Prophet and DCS. VBA programming and SQL advantageous.
• Project-management skills.
• Well-developed communication (written & verbal) skills.

Personal Attributes

• Strong stakeholder engagement skills
• Contributing independently
• Interpersonal savvy
• Goal driven
• Confident and decisive
• Innovative problem solver
• Quality and detail focused
• Pro-active
• Cope well with pressure and setbacks

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.

Core Competencies

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