Stay safe online. Now more than ever it’s important to be cybersafe. See Santam’s tips to help you stay safe online. Learn more. Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our delivery of Insurance Good and Proper. What will you do? CAREER OPPORTUNITY A position for an Actuarial Manager exists in the Santam Re Actuarial team, based at Santam Re’s Bellville (Cape Town) offices. JOB DESCRIPTION This role plays a crucial role in calculating reserve sufficiency, analysing and managing risk exposure, constructing information packs to support the reinsurance Buying team and supporting strategic decision-making processes. The Actuarial Manager must utilise mathematical, statistical, and analytical skills to assess complex data, develop models and provide valuable insights to optimise our reinsurance portfolio, while also managing and leading a team of actuarial professionals. This role reports to the Head of Actuarial within Santam Re. Principal Accountabilities Support the Head of Actuarial in leading and managing the actuarial team, fostering development and ensuring alignment with company objectives Ensure accurate Reserve calculations, adhering to regulatory standards and actuarial best practices Provide strategic insight and analysis to senior management Collaborate with underwriting, claims, technical accounts, finance and reinsurance buying teams to assess risk exposure, monitor and report on risk appetites and enhance actuarial reinsurance models Provide actuarial input for internal and external audits, maintaining high standards of accuracy and transparency Further Team Accountabilities Data Analysis and Modelling Gather, clean and analyse large sets of data related to insurance claims, premiums, and other relevant variables Utilise statistical techniques and software tools to identify patterns, trends and anomalies in data Reporting and Analysis Prepare actuarial and Risk Appetite reports and presentations for internal stakeholders, management and regulatory authorities Information packs to reinsurance Buying department Prepare updated and accurate information packs to reinsurance buying department Research and Development Stay updated on industry trends, market dynamics and regulatory changes affecting reinsurance operations Conduct research on actuarial methodologies, models and techniques to enhance analytical capabilities and improve decision-making processes Identify opportunities for innovation and process improvement within the actuarial function What will make you successful in this role? Qualifications and Experience Nearly/Newly Qualified actuary 5+ years insurance reserving experience Excellent report writing and presentation skills Advanced computer literacy skills, e.g. ResQ, VBA Leadership skills within own team and cross-functionally Substantial data manipulation experience with advanced knowledge of Microsoft Excel Cape Town based or willing to relocate. Knowledge Knowledge of Reserving methods Knowledge of Catastrophe modelling advantageous Knowledge of specialist reserving software (eg. ResQ) advantageous Experience in a reinsurance environment would be advantageous Experience in a short-term insurance environment would be advantageous Our Commitment to Transformation Santam is committed to diversity, inclusion, and belonging. As an equal opportunity employer, we encourage applications from candidates of all backgrounds, including persons with disabilities. We are dedicated to neuro‑inclusivity and fostering a workplace where everyone can thrive. Take the next step in your career—apply now and be part of a company that’s shaping the future of insurance. This is Freedom! The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process. Our Recruitment Process Our recruitment process Onboarding You made it. Here we ensure we receive all your documents to get you onto our payroll system. Advertise Step 1 Our vacancies are advertised between 3-5 days depending on the market availability of the skills required. Step 2 Could take a couple of days depending on the volume and the screening process, which vary according to the complexity of the role. Step 3 Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process. Telephonic screening Step 4 Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions. Your interview Step 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! Assessment Step 6 Should we like what you bring to the table, 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. Step 7 Prior to an offer being made, there may be a second interview to meet with the Head of Department. Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview. Onboarding Step 8 You made it. Here we ensure we receive all your documents to get you onto our payroll system. TIPS & TRICKS Getting ready for your interview 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. #J-18808-Ljbffr