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Pretoria: Head of Model Development

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Job Description

About the Role

We are seeking an experienced Actuary to join our team as Head of Model Development, playing a critical leadership role in shaping model development standards and influencing strategic decision-making. As the actuarial modelling subject matter expert, you will be responsible for the development, maintenance, and governance of actuarial models, providing expert input into actuarial methodology and supporting key financial and risk management processes across the business.

Key Responsibilities

  • Act as the actuarial modelling subject matter expert, with extensive use of Prophet (conventional, unit-linked, and summary libraries)
  • Ensure accurate calculation of key financial metrics, including: IFRS 17 (fulfilment cash flows, risk adjustment, contractual service margin)
  • Embedded Value (ANW, PVFP, cost of capital)
  • SAM (technical provisions and life non-market risk SCRs)
  • Manage relationships with third-party Prophet software providers
  • Attend vendor meetings
  • Validate cloud usage and billing
  • Optimise Prophet licence allocation and ownership
  • Act as the first point of contact for internal Prophet-related queries
  • Provide analytics and financial reporting support, including:
  • Analysis of surplus, embedded value, and basic own funds
  • Preparation of management information for executive and committee reporting
  • Perform first-line quality assurance, ensuring accuracy of model outputs and maintaining a strong control environment
  • Oversee model governance, ensuring comprehensive documentation and appropriate sign-off for model changes
  • Support talent development, with potential people-management responsibility for 12 direct reports

Requirements

Qualified Actuary (all exams passed) and registered as a Fellow. Candidates with 4 years valuations experience will also be considered.

Qualifications

Formal education/certifications not specified.

Salary & Benefits

Salary information not provided.

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How to Apply

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

About Accounting / Finance Jobs in Tshwane

The accounting and finance sector in Tshwane is generally considered to be a stable and attractive field, with a strong demand for skilled professionals. Typically, this industry experiences moderate growth rates compared to other sectors, driven by the steady expansion of businesses across various industries. As such, job seekers can expect a relatively secure and competitive career path.

When it comes to salary expectations in Tshwane, it’s difficult to provide an exact range, as these can vary widely depending on factors like experience, company size, industry sector, and specific role requirements. Generally, accounting and finance professionals with relevant qualifications and experience can expect to earn broad salary ranges of R500 000 to R1,5 million per annum or more, although actual salaries may differ significantly from this range. It’s essential to note that these figures are only a rough guide and should not be taken as an accurate representation of individual earning potential.

Common skills required for accounting and finance roles in Tshwane include proficiency in financial software such as Excel, Xero, or SAP; strong analytical and problem-solving skills; attention to detail and organisational ability; excellent communication and interpersonal skills; knowledge of financial regulations and standards; and experience with budgeting, forecasting, and financial analysis. Additionally, having a degree in accounting, finance, or a related field is often preferred.

The accounting and finance sector can be found across various industries, including the financial services sector, technology industry, manufacturing sector, and public sector institutions. In Tshwane specifically, many businesses and organisations require skilled accountants and financiers to support their operations, providing a range of job opportunities for those in this field.

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Career development opportunities are available throughout the accounting and finance sector. Typically, professionals can expect to progress through roles such as accountant, financial analyst, or senior financial manager, before potentially moving into more senior leadership positions. Many accountants and financiers also choose to specialise in specific areas, such as tax, auditing, or investment analysis, which can lead to further career advancement opportunities.


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



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