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Johannesburg: Head-Actuarial Assumption (Model Validation)

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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. Follow for the Latest Vacancies Join Psybergate Careers Channel here:

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About Scientific / QA Jobs in Gauteng

In Gauteng, the demand for scientific and QA (Quality Assurance) professionals is on the rise due to the growing need for innovative solutions in various industries. Typically, these roles are sought after by organisations seeking to improve product quality, ensure compliance with regulatory requirements, and enhance their overall competitiveness. Generally, job seekers in this field can expect a strong job market with a range of opportunities across different sectors.

When it comes to salary expectations, it’s common for scientific and QA professionals in Gauteng to earn salaries within the range of R600 000 to R1 200 000 per annum, depending on factors such as level of experience, company size, and industry sector. However, please note that actual salaries may vary widely based on individual circumstances, and these figures should be used only as a rough guide.

Common skills required for scientific and QA roles in Gauteng include technical expertise in fields such as chemistry, biology, physics, or mathematics; analytical and problem-solving skills; attention to detail; excellent communication and project management skills. Additionally, proficiency in software tools such as SQL, Python, or R is often advantageous. Many organisations also value candidates with experience working with industry-specific regulations, such as those in the pharmaceutical or automotive sectors.

Scientific and QA professionals can be found across various industries, including technology, financial services, manufacturing, and healthcare. In the technology industry, for example, these roles are often crucial to ensuring that software applications meet quality standards and comply with regulatory requirements. Similarly, in the financial services sector, scientific and QA professionals play a vital role in testing and validating banking systems.

For those seeking career development opportunities, scientific and QA roles can provide a solid foundation for advancement into senior technical positions or leadership roles. Many organisations also offer training and professional development programs to help employees enhance their skills and expertise. With experience and a strong track record of performance, it’s common for scientific and QA professionals in Gauteng to move into management or technical lead roles, where they can oversee teams and drive innovation initiatives.

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



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