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Head: Actuarial Assumption and Model Development Validation

Golden Rule
Permanent Johannesburg, Gauteng Mathematical Science Occupations
Posted:
June 02, 2026
Location:
Johannesburg, Gauteng, South Africa

Job Description

The Role


ROLE PURPOSE


To provide independent review and validation of actuarial assumptions, IFRS 17 and SAM basis setting, Prophet and ResQ model development for both IFRS 17 and SAM and other ad-hoc activities across the first-line Balance Sheet Management functions.

Responsibilities, work outputs and individual contribution

1. Assumption and Model Reviews

  • Prepare assumption review and model development review workplans

  • Review actuarial assumptions (e.g., Lapses, Mortality, Expenses etc.) used in long contract boundary models

  • Review and pressure test contract boundary assumptions across both IFRS 17 and SAM.

    • 2. Modelling and Validation

  • Review and validate gross and financial reinsurance Prophet modelling and associated output (existing and new models) on a SAM and IFRS 17 basis, including ORSA projections

  • Review IBNR triangulation

    • 3....

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    Job Overview

    Job Type: Permanent
    Location: Johannesburg, South Africa
    Posted: June 02, 2026
    Deadline: July 12, 2026