Johannesburg North: Head: Actuarial Assumption & Model Development Validation posted by Communicate Finance

Assumption & Model Reviews
Prepare and execute assumption and model review workplans.
Review key actuarial assumptions (including lapses, mortality, expenses) used in long contract boundary models.
Pressuretest contract boundary assumptions across IFRS 17 and SAM environments.
Modelling & Validation
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.
Results & Reporting
Conduct high-level review of IFRS 17 and SAM annual results.
Document and communicate all validation findings to Balance Sheet Management and relevant stakeholders.
Governance & Oversight
Collaborate with the outsourced Head of Actuarial Function, providing confidence around validation activities and their outputs.
Strengthen governance across assumption setting and model development frameworks.
 
Skills & Experience
10 years postqualification actuarial experience, with at least 5 years in senior validation, modelling, or assumption governance.
Strong technical expertise in:
Prophet model development
IFRS 17 and SAM valuation principles
Financial reinsurance mechanics
Ability to lead complex actuarial validation activities independently.
Strong communication and stakeholderengagement skills.
 
Qualifications
Fellow of the Actuarial Society of South Africa (FASSA) — Life Fellowship preferred.
Life Practising Certificate (advantageous).
 
 
For more information contact
Recruitment Consultant
Kayla Reddy: .za
 
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