Sanlam Actuarial Bursaries

Sanlam; Bellville; On-site; ZAR 120,000 - 180,000; Full time

Job summary

An established industry player is offering bursaries for aspiring actuaries, providing financial support for tuition and accommodation, along with mentoring and guaranteed employment post-studies. This initiative is aimed at both current Actuarial Science students and school leavers eager to pursue their studies in 2026. Applicants must showcase their mathematical prowess and motivation to succeed in the actuarial field. With a commitment to transformation and diversity, this opportunity promises to equip future leaders with the skills needed to thrive in a dynamic environment.

Benefits

Tuition and accommodation fees

General allowance (Books and pocket money)

Mentoring and academic support

Vacation work opportunities

Guaranteed employment after studies

Support for actuarial board exams

Work rotation opportunities

Qualifications

• Current full-time Actuarial Science students in 1st, 2nd, or 3rd year.
• School leavers intending to study Actuarial Science in 2026.

Responsibilities

• Submit applications online with required documentation.
• Demonstrate academic excellence and leadership skills.

Skills

Mathematics

Problem-solving

Academic ability

Education

Matric Certificate

Actuarial Science Degree

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 three clusters - Sanlam Corporate, Sanlam Retail Mass and Sanlam Retail Affluent. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the three 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.

Calling all Matriculants and Actuarial students

For 100 plus years we have been in the business of planning futures – it is more than our job, it is our trade. Our attitude is one of proper dedication to doing what we do exceptionally well. To ensure you live with confidence.

Actuarial bursaries

Part of our commitment to our trade is recognising that for one to be a master in their trade, support is a key ingredient.

That is why we offer bursaries to scholars who have enrolled to study Actuarial Science in 2026 as well as current students in their 1st/2nd/3rd year of Actuarial Science studies.

Who are we looking for

Undergraduate Studies

Current full time Actuarial Science students (SA citizens) who are in their 1st, 2nd or 3rd year of studies. If you demonstrate academic ability and a will to succeed, then you are just who we’re looking for.

School leaving learners who intend to study Actuarial Science in 2026

If you are a whiz at maths, enjoy a good challenge by solving difficult problems and are willing to remain focused and disciplined through years of studying and training, then you are just who we’re looking for.

What do we offer

• Tuition and accommodation fees
• General allowance (Books and pocket money)
• Mentoring and academic support from Sanlam actuarial professionals
• Vacation work and networking opportunities with Sanlam staff
• Guaranteed employment after completion of studies
• Continued support and payment towards actuarial board exams
• Range of work rotation opportunities across a broad spectrum of disciplines

What do we require?

Undergraduate Studies

• Academic results:
  • Full academic Transcripts
  • Proof of registration and/or Fee Statement
  • Copy of matric certificate
• Copy of ID
• Comprehensive CV focusing on Academics, Extra-mural activities and Leadership skills
• A motivation to support your application that answers the following questions:
  • In your own words, can you describe what an actuary does?
  • Why do you want to study actuarial science?
  • Why do you believe you have what it takes to become an actuary?
  • Why should Sanlam choose you to be a bursary holder?
  • If you are not successful at becoming an actuary, what other career paths are you considering?

School leaving learners who intend to study Actuarial Science in 2026

• Academic results:
  • Final 2024 Grade 11 results
  • Grade 12 mid-year 2025 results
  • NBT results (only if available)
• Final grade 12 results may be used as determining factor
• An above 90% score in Mathematics and an overall A aggregate
• Comprehensive CV focusing on Academics, Extra-mural activities and Leadership skills
• A motivation to support your application that answers the following questions:
  • In your own words, can you describe what an actuary does?
  • Why do you want to study actuarial science?
  • Why do you believe you have what it takes to become an actuary?
  • Why should Sanlam choose you to be a bursary holder?
  • If you are not successful at becoming an actuary, what other career paths are you considering?

How do you apply?

Please apply online and attach the following documentation as indicated above:

We are committed to embracing and accelerating transformation. Bursaries will be awarded on merit and in accordance with Sanlam’s employment equity plan.

Please note that all applications need to be completed online. No applications will be accepted via email or after the closing date.

Closing Date: 30 June 2025

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.