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Johannesburg: Head: Actuarial Assumption & Model Development Validation

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Job Description

About the Role

We are seeking an experienced actuary to join our team as Head: Actuarial Assumption & Model Development Validation. The successful candidate will be responsible for leading complex actuarial validation activities, reviewing key actuarial assumptions used in long contract boundary models, and performing independent validation of Prophet models. They will also provide high-level review of IFRS 17 and SAM annual results and document their findings.

Key Responsibilities

  • Prepare and execute assumption and model review workplans
  • Review key actuarial assumptions (including lapses, mortality, expenses) used in long contract boundary models
  • Pressure-test contract boundary assumptions across IFRS 17 and SAM environments
  • Perform independent validation of Prophet models (gross and financial reinsurance) for IFRS 17 and SAM
  • Review model outputs including ORSA projections
  • Validate IBNR triangulations and related methodologies
  • Conduct high-level review of IFRS 17 and SAM annual results
  • Document and communicate all validation findings to Balance Sheet Management and relevant stakeholders

Requirements

  • 10 years post-qualification actuarial experience
  • At least 5 years in senior validation, modelling, or assumption governance
  • Strong technical expertise in Prophet model development, IFRS 17 and SAM valuation principles, and financial reinsurance mechanics
  • Ability to lead complex actuarial validation activities independently
  • Strong communication and stakeholder-engagement skills

Qualifications

  • Fellow of the Actuarial Society of South Africa (FASSA)
  • Life Fellowship preferred
  • Life Practising Certificate (advantageous)
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How to Apply

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

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About Accounting / Finance Jobs in Gauteng

In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.

When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.

Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.

Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.

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For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.


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



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