Contracts Officer | Santam Insurance

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Job Location : Western Cape, Cape Town

Deadline : January 29, 2026

About the Role

The Contracts Officer manages the lifecycle of high-value insurance agreements and legal data within a complex regulatory framework. Utilizing Oracle for financial record integration and ServiceNow for document workflow tracking, this role mitigates operational risk by ensuring 100% compliance with the Short-term Insurance Act and internal governance. Their expertise protects the commercial integrity of the organization through rigorous contract validation and stakeholder alignment.

What will make you successful in this role?

  • Implementation and administration of supplier contracts within relevant structures to enable an optimum procurement environment.
  • Assist the Sourcing Specialist or Procurement Manager with procurement related tasks. 
  • Manage one or more commodities, commodity groups or portion of a commodity on their own (depending on ability, experience & training).

Creation and maintenance of supplier agreements:

  • Draft the contract using standard wording/clauses.
  • Maintain contracts including all administration such as amendment of contracts using standard wording/clauses in terms of, supplier detail changes, price changes.
  • Ensure system updates occur with the relevant contract pricing terms & conditions (Business rules), and other criteria for internal and external users.
  • Ensure all ongoing changes to contracts are loaded to the system.

Assist Sourcing Specialist / Procurement Manager with or be responsible for management of procurement commodities:

  • Analyse and determine commodities spend and if sufficient volume or other criteria exists, initiate the sourcing process. [Business Case Analysis]
  • Determine potential suppliers. [Market Scanning & Analysis]
  • Drafts request for proposal (RFP) using standard wording/clauses. [system based]
  • Issue and coordinate RFP process. [Initiation to completion]
  • Adjudicate on RFP responses to determine most suitable suppliers.
  • Test the market on a pre-determined cyclical basis by issuing further RFP documentation on existing contracted and new potential supply base whereby the full selection to contract process starts again.
  • Administrating diversity of supply base and monitoring direction of spend against agreed performance targets. 
  • Obtain required approval on supplier selection recommendation.
  • Negotiate and award contract to preferred suppliers based on “Value” decision (dependent on signing authority).
  • Manage and administrate supplier’s contract compliance in terms of Quality, Service and Price performance detail (roll up of transactional data from system and Santam Quality department).
  • Ensure all ongoing changes to contracts are loaded to the procurement system.

Qualification and Experience

  • Matric/ Grade 12
  • Procurement qualification [CIPS or studying towards a CIPS qualification] or other relevant Diploma or B. Comm Supply Chain Management. 
  • Minimum 3 years’ experience in a procurement role. 

Skills

  • Communication (Written and Verbal): Is able to communicate clearly, enthusiastically and in an articulate manner.  
  • Interpersonal Skills: Building networks and good relations: Relates to people across organisational levels and boundaries, builds networks and profitable partnerships. Show understanding of needs; is attentive and responsive; show honesty and integrity in dealing with people.
  • Issue resolution: The ability to identify issues and risks and implement the relevant mitigating actions.
  • Vendor management: Manage supplier relationships, developing supplier programs, and identifying continuous improvement initiatives. Tracks supplier spend and provide feedback to necessary stakeholders.
  • Delivering Results and Meeting Customer Expectations
  • Stakeholder relationship management 
  • Networking
  • Analysing and ability to identify opportunity/ challenges

Core Competencies

  • Cultivates innovation – Contributing through others
  • Customer focus – Contributing through others
  • Drives results – Contributing through others
  • Collaborates – Contributing through others
  • Being resilient – Contributing through others

Career Growth & Education

A Bachelor of Laws (LLB) or a degree in Risk Management or Commerce is the preferred academic foundation for this specialized legal-commercial track. Professionals can advance to Senior Contracts Manager or Legal Counsel roles by mastering advanced commercial drafting and pursuing specialized bootcamps in digital contract law. Obtaining professional certifications through insurance institutes and mastering digital asset governance provides a pathway to senior leadership in global insurance firms.

Salary & Financial Insight

Estimated monthly salaries for Contracts Officers range from R35,000 to R62,000, reflecting the high technical and legal responsibility. Strategic financial planning should involve a focus on professional indemnity insurance and offshore investment diversification to protect long-term capital growth.

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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