Head of Actuarial Function – Risk & ALM Leader

Sanlam Limited; Bellville; On-site; ZAR 1,800,000 - 2,600,000; Full time

Job summary

Sanlam Limited in South Africa seeks a Head of Actuarial Function for SAZ, based in Bellville or Sandton. The role is a second line of defence, working with in-country actuarial teams to attest liabilities and capital requirements and to advise on ALM, underwriting, and reinsurance policies.

You will participate in actuarial committees, act as statutory actuary where required, and engage with regulators. Strong English communication, strategic thinking, and stakeholder influence are essential;

Qualifications

• Fellowship or equivalent actuarial qualification.
• Practising certificate issued by the Actuarial Society of South Africa, or eligible to obtain one.
• Experience in life insurance and risk management is advantageous.

Responsibilities

• Review liabilities and capital requirements for SAZ and related insurers.
• Assess methodologies, data quality and assumptions used in calculations.
• Provide input on asset‑liability management and underwriting risk policies.
• Ensure consistency of actuarial principles and standards across Group insurers.

Skills

Strategic decision making

Analytical thinking

English communication

Influencing

Negotiation

Environmental awareness

Education

Fellow of the Actuarial Society of SA

Practising certificate (ASSA)

Job description

Sanlam Limited in South Africa seeks a Head of Actuarial Function for SAZ, based in Bellville or Sandton. The role is a second line of defence, working with in-country actuarial teams to attest liabilities and capital requirements and to advise on ALM, underwriting, and reinsurance policies.

You will participate in actuarial committees, act as statutory actuary where required, and engage with regulators. Strong English communication, strategic thinking, and stakeholder influence are essential;