Product Actuary (Bellville) at Sanlam Group

Key responsibilities

• Lead a small team, providing strategic direction with guidance from the Head of Actuarial
• Product ideation: finding innovative new ways to meet clients’ Group Risk needs or respond to legislative changes
• Develop and implement new Group Risk product solutions and product enhancements aimed at driving increased sales into target markets.
• Maintain the Risk product set by by understanding client requirements and adjusting product features appropriately.
• Facilitate Research, Marketing, Client and Competitor analysis on products, highlighting its performance and potential opportunities to ensure our products remain competitive.
• Collaborate with the Intermediary Support team to provide product support to our distribution partners.
• Collaborate with the wider group to implement solutions that span across business units
• Provide expert product guidance to other areas of the business, e.g. Servicing, Marketing or Technology.

Experience and qualifications

• Qualified actuary
• 5 – 10 years life insurance experience
• Group Risk experience preferred, especially in pricing or product development

Knowledge and skills

• Sound technical skills
• Exceptional communication skills – both verbal and written
• Excellent understanding of group insurance market
• Firm grasp on key financial reporting metrics
• Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Strong analytical and conceptual thinking
• Ability to work independently, take initiative and meet deadlines

Core competencies

• Leadership and stakeholder management abilities
• Demonstrate a business mindset
• Critical, analytical thinker
• Enjoys working with people
• Socially confident and skilled at building and maintaining relationships
• Exceptional communication skills
• Meticulous attention to detail
• Ability to motivate, develop and impart knowledge to others
• Results focused and displays energy when performing tasks
• Ability to perform well under pressure
• Able to manage self
• Proactive team player
• Ability to simultaneously work on multiple objectives