+27 (0) 82 823 9978 [email protected]

Actuarial Specialist: Model Development – SA1227

Our client, a financial services group that offers practical financial solutions for people, communities and businesses, enabling businesses and people from all walks of life to achieve their financial goals and life aspirations, is looking for a Nearly / Newly Qualified Actuary to join their Actuarial Valuations team. As a member of the team, you will form part of the team tasked with producing the various deliverables required from the Group Actuarial area, including liability valuations, Embedded Value calculations, analysis of surplus, cash-flow projections and sensitivities for both IFRS and SAM reporting. The role will have a key focus on the development and refinement of projection models and the processes required for quarterly valuations.  

Candidates who are interested should have a minimum of 3 years’ actuarial experience. Previous modelling experience in either Prophet or Risk Agility, as well as experience in the Corporate Actuarial Valuations environment, will be an advantage. You should have good people skills, the ability to work under pressure and deal with challenges, strive for excellence, easily adapt and respond to change and show insight. 

Responsibilities will include: 

  • Developing and maintaining the actuarial models used in the production of financial results, including but not limited to, reserving calculations on statutory and reporting bases, Embedded Value calculations for in-force and new business, Analysis of Surplus and change in Embedded Values, Solvency Capital Requirements (SAM/CAR) and Asset-liability modelling. 
  • Ongoing review, validation and optimisation of the modelling and valuation processes. 
  • Keeping actuarial models up to date with legislative and/or regulatory requirements and changes (both locally per country and internationally), for example IFRS17 and SAM. 
  • Providing ad hoc support to the valuation production teams. 
  • Providing ad hoc modelling support to the product and pricing teams in respect of new products. 

For more information, please contact Jurie ([email protected] or +27 (0)82 474 1298). 

Apply Online
  • Drop files here or
    Accepted file types: pdf, doc, docx.
    Only .pdf, .doc & .docx files allowed