Our client is a local bank with regional and international expertise. They are looking for a Qualified Actuary to head their Model Development team. The purpose of the role is to develop and maintain actuarial models and provide input to actuarial methodology. 

Candidates who are interested should have at least 4 years’ Valuations experience. You should have advanced Prophet knowledge. 

Responsibilities will include: 

• Act as actuarial modelling subject matter expert using Prophet (conventional, unit-linked and summary libraries) to ensure the accurate calculation of financial reporting metrics such as IFRS17, embedded value and SAM. 

• Managing the relationship with third party Prophet software provider as well as assisting internal colleagues. 

• Supporting analytics and financial reporting. 

• Providing first line quality assurance review and checking to ensure accuracy of model outputs for sound business decision making and ensuring a robust control environment. 

• Ensuring that the model change documents are sufficiently detailed so that the model change process can be reviewed and signed off by internal and external stakeholders. 

• People management responsibilities to support talent development and business resilience. 

For more information, please contact Wilhelm ([email protected] or +27 (0)82 823 9978).