Overall Purpose of the Role<\/p>\n
\tAs the Head of Integrated Benefits you be responsible for establishing and leading the centralised actuarial pricing capability within the Client Experience (CX) function.
\n\tThe role focuses on optimisation of the whole client relationship and ensures that integrated employer solutions spanning Group Risk, Umbrella Retirement, Health\/Wellness, Booost Loyalty, and emerging Banking App capabilities are priced sustainably, competitively, and in alignment with Sanlam Corporate\u2019s client strategy.
\n\tThe position is responsible for designing the economic engine behind client-centric value propositions, improving scheme-level profitability, driving retention and acquisition, and supporting the development of holistic, outcomes-based offerings.<\/p>\n
Key Responsibilities<\/p>\n
\tDevelop and own the integrated pricing framework across Group Risk, Retirement, Health\/Wellness, Loyalty (Booost), and Banking App value propositions.
\n\tDesign employer-level and member-level economic models, including scheme profitability, experience rating, lifetime value (LTV), and cross-product pricing.
\n\tBuild and maintain pricing models that support bundled solutions and integrated value propositions for employers, trustees, and institutional clients.
\n\tPartner with Product, Finance, Data, Distribution, and CX teams to ensure pricing assumptions align with operational realities, client needs, and actuarial standards.
\n\tLead actuarial design of Booost loyalty reward structures, ensuring cost sustainability, behaviour-driven economics, and regulatory compliance.
\n\tOwnership of Sanlam Corporate\u2019s financial wellness solutions (such as Optimise)
\n\tCollaborate on the development of Banking App capabilities, advising on behaviourlinked pricing, embedded insurance, and financial wellbeing interventions.
\n\tWork with Distribution and CX to support RFQs, renewals, and strategic employer engagements with transparent and evidence-based pricing insights.
\n\tMonitor claims experience from reward utilisation, digital engagement metrics, and scheme profitability; recommend adjustments to pricing levers as required.
\n\tDevelop and present Trustee-ready reports on value-for-money, fairness, member outcomes, and scheme sustainability.
\n\tEnsure compliance with actuarial standards, Treating Customers Fairly (TCF), POPIA, and industry regulation.
\n\tLead continuous improvement of pricing governance, controls, documentation, and audit trails.
\n\tSupport strategic initiatives, pilot programmes, and innovation projects across the Corporate cluster.<\/p>\n
Qualification and Experience<\/p>\n
\tQualified Actuary (FASSA\/Equivalent) or near qualified with strong pricing experience.
\n\tMinimum 5\u20138 years actuarial experience in Group Risk, Employee Benefits, Health, or Institutional markets.
\n\tExperience in pricing, product development, or actuarial modelling within financial services.
\n\tExperience engaging with consultants, trustees, and institutional clients advantageous.
\n\tExperience with behavioural economics, loyalty programmes, or digital financial products beneficial.<\/p>\n
Knowledge and Skills<\/p>\n
\tStrong actuarial modelling capability and proficiency with pricing tools.
\n\tDeep understanding of institutional EB market dynamics (group risk, retirement funds, wellness, administration).
\n\tKnowledge of POPIA, actuarial standards, and governance frameworks.
\n\tUnderstanding of behavioural economics and reward optimisation.
\n\tAbility to translate complex actuarial concepts into business insights for executives and trustees.
\n\tStrong analytical, problem-solving, and strategic thinking skills.
\n\tAbility to work collaboratively in cross-functional teams and influence decisions without authority.<\/p>\n
Personal Qualities<\/p>\n
\tCourageous and intellectually curious.
\n\tAble to manage complexity and ambiguity in a fast-evolving environment.
\n\tResilient, adaptable, and solutions-oriented.
\n\tCommitted to accountability, excellence, and high performance.
\n\tStrong communicator with ability to engage senior stakeholders.<\/p>\n
Core Competencies<\/p>\n
\tClient Focus \u2013 Designing solutions centred on employer, trustee, and member needs.
\n\tCultivates Innovation \u2013 Bringing innovative ideas to integrated client value propositions.
\n\tDrives Results \u2013 Delivering pricing excellence, profitability improvement, and client value.
\n\tCollaborates \u2013 Working across actuarial, CX, product, and distribution teams.
\n\tResilience \u2013 Managing deadlines and complexity in a dynamic environment.<\/p>\n
The closing date for this advert is 3rd June 2026<\/p>\n
go to method of application \u00bb<\/p>\n
Apply via company website ( ) or<\/p>\n
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