Head: Actuarial Assumption & Model Development Validation
Be Different Recruitment Monday, 02 February 2026 1Job Summary
In order to be considered the following is required:
- Fellow of the Actuarial Society of South Africa (with Life Fellowship preferable)
- Preferable – Life Practicing Certificate
- Minimum 10 years post-qualification actuarial experience, with at least 5 years in a senior validation, modelling or assumption governance role
- Advanced understanding of Life valuations across both IFRS 17 and SAM
- Core Prophet model development capability
- Advanced understanding of IFRS 17 and SAM standards
- Advanced understanding of financial reinsurance mechanics
Responsibilities:
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
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
Results and Reporting:
- Provide high-level review of IFRS 17 and SAM Annual results
- Document and communicate output of reviews and validations to balance sheet management functions and broader stakeholders
Governance & Oversight:
- Work with outsourced Head of Actuarial Function to provide comfort on validations performed and output thereof, feeding into Head of Actuarial Function review processes
If you would like to email your CV directly – please send it to millerm@bedifferent.co.za
Information displayed above not limited to advertisement.
Please consider your application as unsuccessful if you have not received a response within 14 days of submitting your application. However, please keep a lookout on our website, www.bedifferent.co.za, for available positions which you may be suited for.
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