Head-Actuarial Assumption (Model Validation)

What you will be doing:

• Prepare and execute assumption review and model development validation workplans.
• Review actuarial assumptions including lapses, mortality, expenses, and other key inputs used in long contract boundary models.
• Review and pressure test contract boundary assumptions across IFRS 17 and SAM bases.
• Review and validate gross and financial reinsurance Prophet models and associated outputs for both existing and new models.
• Perform validation on SAM and IFRS 17 models, including ORSA projections.
• Review IBNR triangulation methodologies and outputs.
• Provide high-level review of IFRS 17 and SAM annual results.
• Document, communicate, and present validation findings to Balance Sheet Management functions and broader stakeholders.
• Work closely with the outsourced Head of Actuarial Function to provide assurance on validation activities and outcomes.
• Contribute to actuarial governance, review processes, and regulatory compliance requirements.

What we are looking for:

• Fellow of the Actuarial Society of South Africa (Life Fellowship preferred).
• Life Practising Certificate (advantageous)
• +10 years post-qualification actuarial experience.
• + 5 years’ experience in a senior validation, modelling, or actuarial assumption governance role.
• Advanced understanding of Life valuations across IFRS 17 and SAM.
• Strong Prophet model development and validation capability.
• Advanced understanding of financial reinsurance mechanics.
• Deep knowledge of actuarial standards, regulatory frameworks, and balance sheet management practices.

Please note if you do not hear from us within 3 weeks, consider your application unsuccessful.

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