Job Description
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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About Automotive Technician Jobs in Gauteng
The automotive technician industry in Gauteng is a significant sector, with many opportunities available to those passionate about the mechanics of vehicles. Generally, job seekers can expect a stable and diverse job market, with common positions including service technicians, mechanic supervisors, and vehicle inspectors.
Typically, salaries for automotive technicians in Gauteng are within the R400 000 – R800 000 per annum range, depending on factors such as experience, company size, and industry sector. For example, entry-level technicians may start around R300 000, while senior technicians with significant experience can earn upwards of R700 000. However, it’s essential to note that salaries can vary widely, and actual figures will depend on individual circumstances.
Common skills required for automotive technician roles include mechanical aptitude, problem-solving abilities, and excellent communication skills. Additionally, proficiency in diagnostic software, electrical system knowledge, and the ability to work with a variety of vehicle makes are often highly valued. Other essential skills may include attention to detail, time management, and teamwork.
The automotive sector is a diverse industry, employing technicians in various sectors such as financial services, technology, and manufacturing. Financial institutions, for instance, require technicians who can work on luxury vehicles, while the technology industry demands expertise in electric and hybrid vehicles.
Career development opportunities are plentiful in this field. Typically, technicians can progress to senior roles or move into management positions, overseeing teams of technicians. Some may also choose to specialize in specific areas, such as diesel engine repair or vehicle inspection. Others may opt for further education and training, pursuing careers in automotive engineering or related fields.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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