Sanlam Job Vacancies in South Africa: Head Actuarial Product Management

Posted on :

26 Jul, 2010

Category :

Management Jobs in South Africa

Sanlam is a leading financial services group in South Africa. We celebrated our 90th birthday in 2008. In nine decades Sanlam has set benchmarks for wealth creation, innovation and empowerment in South Africa. We have offices throughout South Africa and also have business interests elsewhere in Africa, Europe, India, Australia and the USA.

The Group demutualised in 1998 and Sanlam Limited then listed on the JSE Limited in Johannesburg and the Namibian Stock Exchange.

The Sanlam Group conducts its business through Sanlam Limited, the corporate head office and four business clusters. The corporate head office is responsible for the Groups’s centralised functions such as strategic direction, financial and risk management, marketing and communications, Group human resources and corporate social investment (CSI).

We provide financial solutions to individual and institutional clients. These solutions include individual, group and short-term insurance, personal financial services such as estate planning, trusts, home and personal loans, savings and linked products, investment, asset management, property asset management, stock broking, risk management and capital market activities.

JOB TITLE: Head: Actuarial Product Management

DEPARTMENT: Sanlam Personal Finance : Actuarial: Head Office: Bellville

CLOSING DATE: 30 July 2010 before 12:00 (No late applications will be accepted)




1.Work together with SPF and SEB business units and the rest of SPF :

Actuarial on an interdependent basis to ensure that SPF’s products are

up to date financially sound and profitable.

2.Ensure that product decisions are supported by information that:

-Considers the value proposition to clients in light of Treating

Customers Fairly (TCF)

-Is technically correct and is presented clearly

-Links to other results produced within the business unit and

-Considers the products over their entire future in force period and

amongst others take note of the likely impact of solvency 2/SAM/IFRS 4

may/will have on reported profits and return on capital.

3.Be able to indicate and identify discuss and suggest ways to mitigate

risks associated with products.

4.Take ownership of the product bases and the actuarial rules supporting

SPF’s products and provide leadership where these need to be explained

to external and internal parties.

5.Optimise the reinsurance arrangements of Sanlam Life.

6.Strategic thinking so as to provide higher level output to Sanlam’s

entire product delivery processes.

7.People management.



1.An Actuarial qualification is a requirement.


1.Minimum two(2) year’s post qualification experience.

2.Previous product development experience would be an advantage.

3.Experience in an actuarial valuation or embedded value reporting

environment would be an advantage.

4.Exposure to underwriting reinsurance distribution and/or other

aspects of product delivery would be an advantage.


1.Thorough knowledge of Sanlam’s products would be an advantage.

2.Knowledge of Sanlam’s competitor’s products would be an advantage.


1.Strategic thinking.

2.Strong technical ability.

3.Decision making.

4.Innovative and conceptual thinking.

5.Influencing / gaining commitment.

6.Building and maintaining relationships.

7.Results driven.

8.Team success.

9.Leadership and managerial qualities.


11.Advanced computer skills (e.g. MS-Office).

Job Application process

Please apply online by clicking on the “Apply for this position” link.

Should you not hear from us within three weeks after the closing date, please assume that your application has been unsuccessful.

For Employment Equity purposes, we require that race, gender and disability status be specified.

Promoting excellence and commitment towards Employment Equity.

Apply Now or send us an Email: [email protected]

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