Product Development Specialist

Job Description

Who are we?Sanlam Developing Markets (SDM) (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. There are four businesses within the SA Retail Mass cluster, namely; Group Benefits, Individual Life, Safrican Insurance and African Rainbow Life. What will you do?This role forms part of the Client Solutions function in the Individual Life business of Sanlam Sky. The required outputs of the role are: Product design and product pricing to assist with the approval of new products, including Prophet coding / modelling Actuarial/technical support to the rest of business. Provide support to the system development team in implementing new products and other required changes on the admin system. Model building to assist broader business decision making. Setting up management tools for assessing viability and ongoing suitability of products. Assisting Business Development projects. Support Distribution channels to deliver on an advice focussed value proposition for the emerging middle market. Assistance with regulatory impacts on the business. Assist with ad-hoc projects. What will make you successful in this role?Matric

Responsibilities + Skills


Good progress with Actuarial exams. Preferably, CT equivalent exams completeProficiency in Excel.At least 2 to 3 years Actuarial working experience.Relevant experience in Life Insurance will be required.


Actuarial Degree At least 2 to 3 years Actuarial working experience.Product development experience

Job Summary

  • Published on: Tuesday, 24th November 2020
  • Designation: Product Development Specialist
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: East London
  • Salary: 0
  • Gender:
  • Application Deadline: Tuesday, 24th November 2020

About the Company

  • Company Name: Sanlam.
  • Address: PO Box 1. Sanlamhof 7532. Street address. Sanlam Head Office, 2 Strand Road
  • Website:
  • Company Profile:
  • Charlize Theron may have run away to Hollywood, but the Sanlam Group keeps its star power at home in South Africa. Targeting middle-market and affluent clients, the company provides insurance and wealth management services. Major segments are life insurance (including annuities and other investment products) and short-term insurance (property and casualty coverage sold through majority-owned Santam). The company has been expanding its investment business through segments including Sanlam Investment Management, its Octane hedge fund of funds, and its SIM Emerging Markets, which focuses on African economies.

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