Product Development Specialist

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Date: 20-Nov-2020

Location: Johannesburg, Gauteng, South Africa

Company: Sanlam Group

Who are we?

Sanlam Developing Markets (SDM) (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. There are four businesses within the SA Retail Mass cluster, namely; Group Benefits, Individual Life, Safrican Insurance and African Rainbow Life.

What will you do?

This role forms part of the Client Solutions function in the Individual Life business of Sanlam Sky. The required outputs of the role are:

  • Product design and product pricing to assist with the approval of new products, including Prophet coding / modelling
  • Actuarial/technical support to the rest of business.
  • Provide support to the system development team in implementing new products and other required changes on the admin system.
  • Model building to assist broader business decision making.
  • Setting up management tools for assessing viability and ongoing suitability of products.
  • Assisting Business Development projects.
  • Support Distribution channels to deliver on an advice focussed value proposition for the emerging middle market.
  • Assistance with regulatory impacts on the business.
  • Assist with ad-hoc projects.
What will make you successful in this role?
  • Matric
  • Actuarial Degree
  • At least 2 to 3 years Actuarial working experience.
  • Product development experience
  • Good progress with Actuarial exams. Preferably, CT equivalent exams complete
  • Proficiency in Excel.
  • At least 2 to 3 years Actuarial working experience.
  • Relevant experience in Life Insurance will be required.
  • Knowledge of Prophet and DCS is required.
Qualification and Experience
Degree with 3 years experience.
Knowledge and Skills
Actuarial Problem Solving
Issues management
Attention to detail and accuracy
Personal Attributes
Self-development - Contributing independently
Interpersonal savvy - Contributing independently
Nimble learning - Contributing independently
Tech savvy - Contributing independently
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 business clusters – Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, Santam, Miway, as well as the Group Office – the group provides many opportunities for growth and development.

Core Competencies
Cultivates innovation - Contributing independently
Customer focus - Contributing independently
Drives results - Contributing independently
Collaborates - Contributing independently
Being resilient - Contributing independently
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.