Gauteng: HEAD: ACTUARIAL ASSUMPTION & MODEL DEVELOPMENT VALIDATION posted by MECS Africa

February 11, 2026 Jobs in Gauteng

MECS Africa

Gauteng

Finance/Accounting Management

Job Description

Bringing solid experience from the Insurance Industry the Head will be required to deliver on the below work outputs, responsibilities and their individual contribution.

1. Assumption and Model Reviews

Prepare assumption review and model development review workplans
Review actuarial assumptions (e.g., Lapses, Mortality, Expenses etc.) used in long contract boundary models
Review and pressure test contract boundary assumptions across both IFRS 17 and SAM.

2. Modelling and Validation

Review and validate gross and financial reinsurance Prophet modelling and associated output
(existing and new models) on a SAM and IFRS 17 basis, including ORSA projections
Review IBNR triangulation

3. Results and Reporting

Provide high-level review of IFRS 17 and SAM Annual results
Document and communicate output of reviews and validations to Balance Sheet Management
Functions and broader stakeholders

4. Governance & Oversight

Work with outsourced Head of Actuarial Function to provide comfort on validations performed and
output thereof, feeding into Head of Actuarial Function review processes.

QUALIFICATIONS AND EXPERIENCE
Qualifications
Fellow of the Actuarial Society of South Africa (with Life Fellowship preferable)
Preferable – Life practicing certificate

Experience
Minimum 10 years post-qualification actuarial experience, with at least 5 years in a senior validation,
modelling, or assumption governance role.

Knowledge

Advanced understanding of Life valuations across both IFRS 17 and SAM
Core Prophet model development capability
Advanced understanding of IFRS 17 and SAM standards
Advanced understanding of financial reinsurance mechanics

CRITICAL COMPETENCIES
Developing Strategies:
Are comfortable leading people; coordinates and directs groups; seeks to
control things.
Examining information: Analyses and processes information; asks probing questions; strives to
find solutions to problems.

View Job Johannesburg North: Group Accountant posted by Network Finance

Interpreting Data:
Interprets data rationally by quantifying issues; applies technology as a means
to evaluating data; evaluates information objectively

Providing Insights:
Is focused on continuously improving things; provides insights by identifying
key issues; makes intuitive judgements.

Making decisions:
Is determined and decides on actions; willingly assumes responsibility; is
definitive and stands by own decisions.

Producing output:
Embracing Change:
Copes with change and variety; tolerates uncertainty and ambiguity; adapts to new challenges

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Finance/Accounting Management Jobs in Gauteng

In Gauteng, South Africa, the finance and accounting management field is a significant contributor to the province’s economy, with various industries relying on skilled professionals to manage their financial operations. Typically, this field offers stable employment opportunities with good prospects for career advancement. Generally, the demand for finance and accounting managers remains high across multiple sectors.

Salary expectations for finance and accounting management positions in Gauteng are generally broad and can vary widely depending on factors such as experience, company size, and industry sector. Broadly speaking, salaries typically range from R400 000 to R1 500 000 per annum, with senior roles often commanding higher remuneration packages. However, these figures are subject to change and may not reflect actual salaries for specific job openings.

Common skills required for finance and accounting management positions include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and leadership skills, experience with financial reporting and regulatory compliance, knowledge of financial management principles and practices, and a solid understanding of taxation laws. Typically, candidates with a degree in finance, accounting, or business administration are well-suited for these roles.

Finance and accounting managers can be found across various industry sectors, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector, for example, often employs finance and accounting professionals to manage its operational finances, while the technology industry may require them to oversee the financial aspects of software development or IT projects.

View Job Midrand: Cost Accountant / Estimator / Project Coordinator posted by Fusion Personnel

Career progression opportunities in this field are generally good, with experienced finance and accounting managers often moving into senior roles such as department head or director of finance. Many companies also offer training and development programs to help employees acquire new skills and advance their careers.

This information provides general career guidance. Actual salaries and requirements vary by employer.

GO APPLY NOW

Safe & secure application process