Actuarial Pricing Specialist | Based in Tygervalley or Sandton

Sanlam Limited; Sandton; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A leading financial services provider is seeking an Actuarial Pricing Specialist based in Sandton or Tygervalley. The role involves determining pricing for both affluent and mass-market products, leading initiatives to develop new products, and collaborating with cross-functional teams. The ideal candidate is a qualified actuary with proficiency in Prophet and strong problem-solving skills. This position offers growth opportunities within a diverse and inclusive organization.

Qualifications

• Qualified or nearly qualified actuary (maximum 2 exams outstanding).
• Experience in product development and/or pricing (preferable).
• Proficiency in Prophet is essential.

Responsibilities

• Determining appropriate pricing basis and performing the pricing calculations using Prophet and Excel.
• Identifying the unique risks and opportunities for each product and enabling businesses to drive specific strategies.
• Writing pricing reports that document the pricing process, assumptions and results.
• Engaging stakeholders to ensure an efficient pricing approval process.
• Supporting actuarial valuations and Prophet model development teams.
• Developing pricing and review tools to enhance efficiency.

Job description

Actuarial Pricing Specialist | Based in Tygervalley or Sandton

Date: 23 Oct 2025

Tygervalley, Western Cape, ZA

Who are we?

At SanlamAllianz, we are proud to be the largest pan‑African, non‑banking financial services organisation on the continent. With operations across 26 African countries (excluding South Africa), our diverse portfolio spans life insurance, general insurance, retail credit, health, bancassurance, and asset management. Guided by our core values of Innovation, Care, Integrity, and Collaboration, we are committed to realising our vision of being the most admired financial services group in Africa. We foster a high‑performance, energising, and inclusive culture where employees feel cared for, empowered, and challenged to deliver their best work.

The successful candidate will be responsible for taking a leading role in providing pricing support of retail and group products for businesses within SanlamAllianz Life. The role covers pricing for both affluent and entry‑level/mass‑market products and includes the full spectrum of risk, retirement, savings and investment products. Projects will range from revamping existing products—through repricing or adding new features—to developing new products that are often first in the market.

Responsibilities

• Pricing – Determining appropriate pricing basis and performing the pricing calculations using Prophet and Excel.
• Influence strategy – Identifying the unique risks and opportunities for each product and, through pricing insights, enabling SanlamAllianz businesses to drive specific distribution, marketing and risk management strategies.
• Documentation – Writing pricing reports that clearly document the pricing process, assumptions and results.
• Drive pricing approvals – Engaging a wide range of stakeholders, including the Head of Actuarial function, to ensure an efficient approval process.
• Model handover – Supporting the actuarial valuations and Prophet model development teams with the model implementation of new products.
• Process improvement – Developing pricing and review tools to enhance the efficiency of the SanlamAllianz Product Support team and promote best practices in product development.

This role involves close collaboration with Product Development Managers as well as active engagement with senior management from the businesses, valuation teams, SanlamAllianz Modelling team and SanlamAllianz Head of Actuarial Function to ensure that stakeholder requirements are considered and appropriately addressed.

What will make you successful in this role?

Success in this role will be measured by the candidate’s ability to:

• Collaborate effectively with a wide range of stakeholders to develop optimal pricing solutions.
• Solve complex problems encountered during the pricing process.
• Demonstrate a willingness to learn.
• Show curiosity in investigating unique elements of each product.
• Prioritise deliverables under pressure and manage stakeholder expectations to ensure SanlamAllianz’s strategic product objectives are met.

Qualification and Experience

• Qualified or nearly qualified actuary (maximum 2 exams outstanding).

Knowledge and Skills

• Experience in product development and/or pricing (preferable).
• Proficiency in Prophet is essential.
• Ability to plan, prioritise and align work to meet organisational goals.
• Problem‑solving skills.
• Technical pricing skills.

Personal Attributes

• Strong analytical and conceptual thinking.
• Ability to manage complexity and find simple solutions to complex problems.
• Ability to work independently, take initiative and meet deadlines.
• Good verbal and written communication skills to manage relationships with business stakeholders.

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.

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.

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 the key components to ensure 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.