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🥝 Head of Model Development

Boardroom Appointments | johannesburg, South-Africa | Posted June 19, 2026

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 Pr...

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