Menu Close

Johannesburg: Head: Actuarial Assumption and Model Development Validation

Advertisement



Job Description

ROLE PURPOSE To provide independent review and validation of actuarial assumptions, IFRS 17 and SAM basis setting, Prophet and ResQ model development for both IFRS 17 and SAM and other ad-hoc activities across the first-line Balance Sheet Management functions.  Responsibilities, work outputs and 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. 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. Role reports to: Chief Actuary

View Job  Midrand: Information Security Manager

How to Apply

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

About IT / Computing / Software Jobs in Gauteng

In Gauteng, the IT and computing industry is a significant contributor to the province’s economy, with a steady demand for skilled professionals. Typically, this field is characterized by rapid technological advancements, innovative projects, and a high level of job satisfaction among employees. Generally, career prospects in this sector are strong, with a range of opportunities available across various industries.

Salaries for IT and computing professionals in Gauteng can vary widely depending on factors such as experience, company size, and industry sector. While it is common to see salaries ranging from R400 000 to R1,200 000 per annum, these figures are only a general guideline and actual salaries may differ significantly. For instance, senior executives or technical leads with extensive experience may command higher salaries, while entry-level positions may start at lower levels.

Common skills required for IT and computing roles in Gauteng include proficiency in programming languages such as Java, Python, or C++, knowledge of cloud platforms like AWS or Azure, and experience with agile development methodologies. Additionally, understanding of data analysis and interpretation, cybersecurity principles, and IT project management are often essential. Familiarity with popular software applications, such as Microsoft Office 365 or Google Workspace, is also beneficial.

The financial services sector, technology industry, manufacturing sector, and government departments are among the common industries that employ IT and computing professionals in Gauteng. These sectors require a range of skills and expertise, from data analysis to network administration, making them attractive options for career development.

View Job  Centurion: Front End Developer (AngularJS)

For those seeking a career in IT and computing, there are numerous opportunities for professional growth and development. Typically, career progression involves moving into senior roles or specialized positions, such as technical lead, solutions architect, or data scientist. Opportunities for further education and training, such as certifications or postgraduate studies, can also enhance job prospects. Generally, a strong understanding of industry trends, networking, and continuous learning are essential for success in this field.


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



GO APPLY NOW

Safe & secure application process

Advertisement


Advertisement



Get Similar Job Alerts
Enter your WhatsApp number (e.g., +27740908132)
You'll receive alerts for new jobs in Johannesburg, Gauteng


Job Seeker Tip

Network actively - many jobs are filled through referrals before being advertised.

How to Apply

Click “GO APPLY NOW” to visit the company’s application page.
Follow their instructions carefully.

JVR Jobs connects you with employers – we don’t process applications directly.

Latest Job Opportunities

Cape Town City Centre: Administrator

Jobs in Cape Peninsula March 4, 2026
Accounting Finance

Our client, a reputable Bookkeeping Firm is seeking an Administrator to ensure bookkeeping operations run smoothly. Part of your KPIs…

View Job

Sandton: Call Centre Agent (Customer Service)

Jobs in Central Johannesburg March 4, 2026
Customer service support

We are seeking a dedicated Call Centre Agent to join our team. As a Call Centre Agent, you will be…

View Job

Cape Town City Centre: French International Call Centre Agent posted by Merchants SA Pty Ltd

Jobs in Cape Peninsula March 4, 2026
Customer service Merchants SA Pty Ltd support

About Us: Join a dynamic, multilingual contact centre that supports global clients across various industries. We pride ourselves on delivering…

View Job

Cape Town City Centre: UC Engineer (Contract)

Jobs in Cape Peninsula March 4, 2026
Computing IT Software

Purpose of the Role The UC Engineer will be responsible for the design, documentation, planning, development, maintenance planning, and implementation...

View Job

Johannesburg: Financial Accountant

Jobs in Central Johannesburg March 4, 2026
Accounting Finance

This dynamic group is a significant player in the South African supply chain and logistics sector. Their operations span warehousing,…

View Job

Johannesburg: Sales Representative

Jobs in Central Johannesburg March 4, 2026
Sales

Matric Minimum 4 years external sales experience Must have valid drivers license Company vehicle neg Requirements: Selling and marketing warehouse…

View Job

Browse Employers

View All

Job Alerts


Share this to someone who needs a job:
Posted in Jobs in Central Johannesburg, Jobs in Gauteng, Jobs in Johannesburg, Jobs in South Africa

More Jobs in Your Area

Johannesburg: Head-Actuarial Assumption and Model Development Validation

Advertisement



Job Description

Responsibilities, work outputs, and individual contribution: 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 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 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 Governance and Oversight: Work with the outsourced Head of Actuarial Function to provide comfort on validations performed and output thereof, feeding into the Head of Actuarial Function review processes Qualifications: Fellow of the Actuarial Society of South Africa (with Life Fellowship preferred) Preferably 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

How to Apply

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

View Job  Gauteng: Supplier Relationship Manager posted by Jalusi Corporation

About IT / Computing / Software Jobs in Gauteng

In Gauteng, the IT and computing industry is a significant contributor to the province’s economy, with a steady demand for skilled professionals. Typically, this field is characterized by rapid technological advancements, innovative projects, and a high level of job satisfaction among employees. Generally, career prospects in this sector are strong, with a range of opportunities available across various industries.

Salaries for IT and computing professionals in Gauteng can vary widely depending on factors such as experience, company size, and industry sector. While it is common to see salaries ranging from R400 000 to R1,200 000 per annum, these figures are only a general guideline and actual salaries may differ significantly. For instance, senior executives or technical leads with extensive experience may command higher salaries, while entry-level positions may start at lower levels.

Common skills required for IT and computing roles in Gauteng include proficiency in programming languages such as Java, Python, or C++, knowledge of cloud platforms like AWS or Azure, and experience with agile development methodologies. Additionally, understanding of data analysis and interpretation, cybersecurity principles, and IT project management are often essential. Familiarity with popular software applications, such as Microsoft Office 365 or Google Workspace, is also beneficial.

The financial services sector, technology industry, manufacturing sector, and government departments are among the common industries that employ IT and computing professionals in Gauteng. These sectors require a range of skills and expertise, from data analysis to network administration, making them attractive options for career development.

For those seeking a career in IT and computing, there are numerous opportunities for professional growth and development. Typically, career progression involves moving into senior roles or specialized positions, such as technical lead, solutions architect, or data scientist. Opportunities for further education and training, such as certifications or postgraduate studies, can also enhance job prospects. Generally, a strong understanding of industry trends, networking, and continuous learning are essential for success in this field.

View Job  Durban: New Vehicle Sales Executive posted by Intercon Recruitment


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



GO APPLY NOW

Safe & secure application process

Advertisement


Advertisement



Get Similar Job Alerts
Enter your WhatsApp number (e.g., +27740908132)
You'll receive alerts for new jobs in Johannesburg, Gauteng


Job Seeker Tip

Consider temporary or contract work to gain experience and potentially convert to permanent roles.

How to Apply

Click “GO APPLY NOW” to visit the company’s application page.
Follow their instructions carefully.

JVR Jobs connects you with employers – we don’t process applications directly.

Latest Job Opportunities

Cape Town City Centre: Administrator

Jobs in Cape Peninsula March 4, 2026
Accounting Finance

Our client, a reputable Bookkeeping Firm is seeking an Administrator to ensure bookkeeping operations run smoothly. Part of your KPIs…

View Job  Midrand: Information Security Manager
View Job

Sandton: Call Centre Agent (Customer Service)

Jobs in Central Johannesburg March 4, 2026
Customer service support

We are seeking a dedicated Call Centre Agent to join our team. As a Call Centre Agent, you will be…

View Job

Cape Town City Centre: French International Call Centre Agent posted by Merchants SA Pty Ltd

Jobs in Cape Peninsula March 4, 2026
Customer service Merchants SA Pty Ltd support

About Us: Join a dynamic, multilingual contact centre that supports global clients across various industries. We pride ourselves on delivering…

View Job

Cape Town City Centre: UC Engineer (Contract)

Jobs in Cape Peninsula March 4, 2026
Computing IT Software

Purpose of the Role The UC Engineer will be responsible for the design, documentation, planning, development, maintenance planning, and implementation...

View Job

Johannesburg: Financial Accountant

Jobs in Central Johannesburg March 4, 2026
Accounting Finance

This dynamic group is a significant player in the South African supply chain and logistics sector. Their operations span warehousing,…

View Job

Johannesburg: Sales Representative

Jobs in Central Johannesburg March 4, 2026
Sales

Matric Minimum 4 years external sales experience Must have valid drivers license Company vehicle neg Requirements: Selling and marketing warehouse…

View Job

Browse Employers

View All

Job Alerts


Share this to someone who needs a job:
Posted in Jobs in Central Johannesburg, Jobs in Gauteng, Jobs in Johannesburg, Jobs in South Africa

More Jobs in Your Area