Actuarial Assistant Manager: Expenses

Sanlam Limited; Midrand; On-site; ZAR 1,000,000 - 1,600,000; Full time

Job summary

MiWay is expanding its Actuarial department in the expense pricing and reporting area. This role focuses on analyzing expenses, driving cost-reduction initiatives, and feeding data into pricing decisions.

You will build and maintain expense models, automate monthly reports, and lead a small team of analysts while remaining hands-on in daily tasks.

Qualifications

• Bachelor’s degree in Actuarial Science, Pure/Applied Mathematics or related field.
• Experience in expense analysis and pricing activities.
• Strong analytical and modeling skills.

Responsibilities

• Analyse company expenses to gain management insights.
• Analyse and recommend initiatives to reduce the expense ratio.
• Model expenses to inform office premium pricing.
• Produce and automate monthly expense reports.
• Management of a small team of expense actuarial analysts including priority and workload management, review and sign-off of changes.
• Note that due to the small team size, this role will still be very hands-on.

Skills

Managing Change

Risk Management Techniques

Threat Assessment

High Risk Typologies Methodologies

Manages Resistance

Review and Reporting

Education

Bachelor's degree in Actuarial Science

Tools

SQL Server

Oracle

Python

R

Job description

MiWay is a direct financial services company. We are passionate about service excellence, convenience and offering our clients superior value products. Our Vision is to be a world-class direct financial services business that offers a complete array of services under one convenient umbrella – all managed online.We are positive that with the right people on board, we will continue to grow and give our clients the freedom to do things their way – free from worry and most importantly at peace with all the “what-ifs” of the world. Company values that every employee subscribes to are: Energy, Freedom, Accountability and Attitude. The ideal candidate is one who has the courage to be bold and subscribes to MiWay’s core values! Do you have a positive attitude, love a challenge, treat your colleagues with respect and look for solutions, not problems? If yes, then MiWay is the place for you!

Purpose of the Role

Join MiWay's Actuarial department in the recently established expense function. This team is responsible for scientific expense pricing, expense reporting as well as ad hoc investigations into expense matters. This is an exciting opportunity that requires engagement with many stakeholders in order to understand how money is spent and then feed this data back into pricing.

Overview of Role Responsibilities

• • Analyse company expenses to gain management insights
• • Analyse and recommend initiatives to reduce the expense ratio
• • Model expenses to inform office premium pricing
• • Produce and automate monthly expense reports
• • Management of a small team of expense actuarial analysts including priority and workload management, review and sign-off of changes.
• • Note that due to the small team size, this role will still be very hands‑on.

Required Skills

• Managing Change - Fully Competent
  Works with full competence to demonstrate a change mindset as well as plan, execute and monitor activities during times of change whilst keeping performance levels up. Typically works without supervision and may provide technical guidance.
• Risk Management Techniques - Fully Competent
  Works with full competence to identify, assess, prioritize and manage risks. Typically works without supervision and may provide technical guidance.
• Threat Assessment - Fully Competent
  Works with full competence to identify, analyze, and prioritize potential organizational threats, gather intelligence to evaluate their credibility and potential impact, and use analytical techniques to differentiate real from perceived threats, while proactively monitoring emerging threats and planning for organizational preparedness and resilience. Typically works without supervision and may provide technical guidance.
• High Risk Typologies Methodologies - Fully Competent
  Works with full competence to identify and analyze patterns in high‑risk financial activities and typologies, understanding the financial crimes risks posed by various high‑risk activities and instruments such as money services businesses, payments companies, virtual currencies, cash intensive businesses, hedge and private equity funds, foreign correspondence banking, non‑operating companies and payroll service companies. Typically works without supervision and may provide technical guidance.
• Manages Resistance - Fully Competent
  Works with full competence to identify, address, and navigate opposition or reluctance effectively, fostering a collaborative environment and facilitating positive outcomes in the face of resistance. Typically works without supervision and may provide technical guidance.
• Review and Reporting - Fully Competent
  Works with full competence to create reports, and review reports created by others, for various audiences as relevant, in a lucid and effective manner, keeping in mind the purpose of reports. Typically works without supervision and may provide technical guidance.

General Experience

• • 4 Years in a related field
• • 1 Year in expense analysis

Education

• • Bachelor’s degree in Actuarial Science, Pure/Applied Mathematics or related field

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. Deadline to apply: 09 October 2026.

We are looking for a talented individual who possesses a unique blend of skills and qualities to thrive in this dynamic role:

• • Learning agility and resourcefulness: The kind of person that says: “I don’t know how, but I’ll figure it out.” You have the ability and willingness to learn from experience and then apply that learning to perform successfully in new or first‑time situations. You often do research to help find quick and clever ways to overcome difficulties.
• • Resilience: You are not afraid to experiment with new ideas or solutions and have the capacity to recover quickly from setbacks.
• • Analytical and Critical Thinking: A naturally curious individual who enjoys delving deep into data, you are adept at analysing complex information, identifying patterns, and making data‑driven decisions.
• • Attention to Detail: You have a keen eye for detail, ensuring accuracy and precision in all your work.
• • Programming Skills: Proficiency in programming languages and platforms such as SQL Server, Oracle, Python, or R is required. This skill set will aid in developing and maintaining our tools and models.
• • Agility and Adaptability: The ability to adapt to changing business needs and priorities is vital. You should be agile and flexible, capable of shifting focus in response to evolving business requirements.
• • Collaborative and Independent Work Ethic: While you should be capable of working autonomously, demonstrating self‑motivation and initiative, you must also be an effective team player, able to collaborate with colleagues and contribute to group projects.
• • Business Partnership and Influencing: Able to engage confidently with managers and business leaders, challenge existing thinking constructively, and build support for proposed expense changes.
• • Team Leadership: Lead team of analysts through active involvement, encouragement and feedback to team members and by taking care of team's needs.

Ensures Accountability

Instils Trust

Manages Complexity

Directs Work

Drives Results

At MiWay we believe in cultivating a positive and dynamic working environment that gives you freedom and opportunity to succeed. MiWay is committed to transformation and embracing diversity. This is what drives us to achieve a multicultural workplace with employment equity as a key goal to create an inclusive workforce, reflective of the demographics of our society.