Pretoria North: Head of Model Development posted by Network Finance

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, unitlinked, 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 nonmarket risk SCRs)
• Manage relationships with thirdparty Prophet software providers, including:
  • Attending vendor meetings
  • Validating cloud usage and billing
  • Optimising Prophet licence allocation and ownership
  • Acting as the first point of contact for internal Prophetrelated 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 firstline quality assurance, ensuring accuracy of model outputs and maintaining a strong control environment.
• Oversee model governance, ensuring comprehensive documentation and appropriate signoff for model changes.
• Support talent development, with potential peoplemanagement responsibility for 1–2 direct reports.

Minimum Requirements:

• Qualified Actuary (all exams passed) and registered as a Fellow.
  Candidates with 4+ years’ valuations experience will also be considered.
• Advanced Prophet expertise is essential.
• Strong analytical capability with the ability to translate complex outputs into meaningful insights.
• Excellent communication and stakeholdermanagement skills.

Why Join

This role offers the opportunity to play a critical leadership role within a technically sophisticated actuarial environment, influencing strategic decisionmaking and shaping model development standards.

Apply now!

For more exciting Actuarial & Analytics vacancies, please visit:
.za
 
I also specialize in recruiting:
 

• Actuarial (Life, ShortTerm, Pensions, Health, Quant)
• Data Science & Advanced Analytics
• Pricing & Product Modelling
• Market, Credit & Quantitative Risk
• Machine Learning & AI Specialists

 
If you have not received a response within two weeks, please consider your application unsuccessful. Your profile will remain on our database for future opportunities.
 
For more information, contact:
Kholo Mongalo
Recruitment Researcher – Actuarial & Analytics
Connect with me on LinkedIn:
.za