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Head of model development
Boardroom Appointments
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johannesburg, South-Africa
Location
johannesburg
Posted
June 10, 2026
Commute
Local Area
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This job is in your area. Enjoy a short commute and work close to home.
Job Description
Qualifications Qualified Actuary (passed all subjects) and registered as a fellow Actuary. (Applicants who are not qualified actuaries but have more than 4 years of Valuations experience will also be considered.) Advanced Prophet knowledge required. Key Accountability
Perform complex actuarial production processes under limited supervision to support sound management of business performance and financial risk. Processes include:
Utilize Prophet (conventional, unit-linked, and summary libraries) to ensure the accurate calculation of financial reporting metrics, including: IFRS17: Fulfilment cashflows, risk adjustment, and contractual service margin. Embedded value: Adjusted net worth, present value of future profits, and cost of capital. SAM: Technical provisions and life non-market risk solvency capital requirements. Relationship Management with 3rd Party Prophet Software Provider Attend meetings with the 3rd party Prophet software provider. Validate cloud usage reports to ens...