Senior Product Management Consultant

Sanlam; Bellville; On-site; ZAR 500,000 - 800,000; Full time

Job summary

A leading financial services group in South Africa is seeking a qualified actuary to join their dynamic team. In this role, you will focus on solving complex business challenges, developing innovative insurance products, and ensuring risk management. You'll work alongside stakeholders to implement solutions that meet real client needs while driving results for the organization. This opportunity promises substantial career growth with a strong focus on personal development and a commitment to transformation in a diverse workplace.

Qualifications

• Experience in life insurance products preferred.
• Proficiency at MS Office and willingness to learn Prophet.
• Strong analytical and conceptual thinking.

Responsibilities

• Pricing and approval of life and employee benefit products.
• Liaise with stakeholders for product launches addressing client needs.
• Support actuarial valuations and model implementation.

Skills

Actuarial Problem Solving

Interpersonal skills

Analytical thinking

Communication skills

Education

Qualified or nearly qualified actuary

Tools

MS Office

Prophet

Job description

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?

Output/Core Tasks:

• 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?

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 - Contributing independently

Interpersonal savvy - Contributing independently

Nimble learning - Contributing independently

Tech savvy - Contributing independently

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 - 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.

Closing date: 11 July 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.

About the company

As one of the largest financial services groups in South Africa, Sanlam provides insurance, investment, financial planning & retirement advice to individuals, businesses & institutions.

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