Overview
Head-Actuarial Assumption; Model Validation Jobs in Johannesburg, South Africa at Psybergate (Pty) LTD
Position: Head-Actuarial Assumption (Model Validation)
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.
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Title: Head-Actuarial Assumption; Model Validation
Company: Psybergate (Pty) LTD
Location: Johannesburg, South Africa
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