Consultant: Product Management

Sanlam; Bellville; On-site; ZAR 600 000 - 750 000; Full time

Job summary

A leading life insurance provider in Bellville is looking for a qualified actuary to assist in pricing and approving life insurance products. The ideal candidate will collaborate with stakeholders to ensure products are financially viable while addressing client needs. Strong analytical skills, proficiency in MS Office and the willingness to learn Prophet are essential for success in this role. Join us to build a rewarding career in the insurance industry.

Benefits

Growth and development opportunities

Supportive work culture

Qualifications

• Experience in the life insurance sector preferred.
• Ability to manage relationships with stakeholders.
• Strong analytical and conceptual thinking.

Responsibilities

• Price and obtain actuarial approval for life products.
• Liaise with stakeholders to launch financially sound products.
• Support actuarial valuations and model implementations.
• Conduct investigations to understand product profit drivers.

Skills

Actuarial Problem Solving

Business analysis

MS Office proficiency

Communication skills

Education

Qualified or nearly qualified actuary

Tools

Prophet

Job description

Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market.Sanlam Life and Savings consists of the following business units Retail Mass, Corporate, Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

Role Description

Do you want to be exposed to dynamic and challenging work? Do you lead even when you are not in charge? Do you like helping people?

In this role you will be focussed on helping businesses succeed, by

• Solving business problems using technical actuarial skills;
• Providing input in the development and doing the pricing of modern, innovate products for Sanlam and;
• Applying product risk management services including Reinsurance.

Maybe this role is for you.

What will you do?

• Pricing of and obtaining actuarial approval for Sanlam’s South African individual life and employee benefit products.
• Liaising with relevant stakeholders in the business, with the aim of helping them to launch products which are financially sound, which address real client needs and which doesn’t expose the business to undue risk.
• Documentation of results and supporting the Actuarial valuations and development teams with the model implementation of new products
• Carrying out ad-hoc tasks and investigations to understand profit drivers of products

What will make you successful in this role?

Requirements

Qualifications

Qualified or nearly qualified (ideally max 2 exams outstanding) actuary, with preference of experience in the life insurance sector

Personal attributes and competencies

• Experience of Life insurance products would be an advantage.
• Proficiency at MS Office and Prophet, or willingness to learn.
• Good verbal and written communication skills to manage relationships with business stakeholders.
• Strong analytical and conceptual thinking.
• Ability to work independently, take initiative and meet deadlines.

Knowledge and Skills

• Actuarial Problem Solving
• Issues management
• Business knowledge
• Business analysis

Personal Attributes

• Self-development
• Interpersonal savvy
• Nimble learning
• Tech savvy

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

• Cultivates innovation
• Customer focus
• Drives results
• Collaborates
• Being resilient

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.

Closing date: 10 December 2025

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.