Actuarial Manager: Pricing

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Santam's Actuarial team has an exciting opportunity available for a general insurance professional. This position can be based in Cape Town or Johannesburg.

We are looking for talented actuarial or analytics professionals, with a specific focus on supporting our personal lines business. The successful candidate will be accountable for a wide range of pricing and other predictive modelling functions which will contribute to the profitable development and financial results of the Group. Working closely with the senior management team you will also contribute to the development and execution of the broader strategy.

• Develop and maintain effective pricing and risk management strategies across various platforms to balance profitability and growth
• Support current pricing, client segmentation and optimisation models
• Performance monitoring of financial, underwriting and distribution indicators
• Create and maintain business reports to direct thought processes that drives action
• Continuous process improvement and strategy evaluation
• Depending on applicant's skills and experience, there may be opportunity to manage junior analysts
• Participate in strategic projects where actuarial input is required
• Interacting with underwriting, distribution and claims departments throughout the group with the objective of constantly incorporating market trends into the product solution value chain
• Supporting the development of product solutions for various market segments and channels
• Providing direction around developing and maintaining of internal data assets to support predictive modelling initiatives

• Qualified/near-qualified actuary or equivalent qualification e.g. Maths, Statistics, Data science
• 4 to 5 years' experience in a technical role, preferably in general insurance
• Strong modelling skills including experience in building pricing / predictive models as well as performing experience analyses and other statistical investigations
• Ability to communicate complex ideas across a range of technical and non-technical stakeholders
• Excellent report writing and presentation skills
• Experience with data and modelling software, e.g. SAS, WTW Emblem / Radar, SQL, Python or similar
• Leadership skills within own team and cross- functionally
• Delivering results and meeting customer expectation
• Relating and networking
• Analyses
• Applying expertise and technology
• Achieving personal work goals and objectives
• Planning and organising skills
• Problem Solving
• Negotiating
• Business Acumen/Knowledge
• Business Analysis
• Client focus
• Drives results
• Flexibility and adaptability from setbacks and adversity when facing difficult situations
• Cultivates innovation

1. Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.
2. Could take a couple of days depending on the volume and the screening process, which varies according to the complexity of the role.
3. Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.
4. Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.
5. We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!
6. Depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted to ensure the validity of your credentials.
7. Prior to an offer being made, there may be a second interview to meet with the Head of Department. If there is a need for further interviews, bring the same charm that got you through the first interview.
8. You made it. Here we ensure we receive all your documents to get you onto our payroll system.

There is not just one way to be successful at Santam, nor is there one way to interview with us. Interviewing is a two-way process - it helps us learn about you, and it helps you learn about us, our people, and what you could do here.

Santam has been officially recognised by the Top Employers Institute as a Top Employer 2025 for excellence in people practices. This is the ninth consecutive year that we have achieved this accolade.