+27 (0) 82 823 9978 [email protected]

Actuarial System Prophet Developer – SA1074

Our client is looking for a Nearly / Newly Qualified Actuary to join their Actuarial systems team. The role is responsible for supporting project work as well as ongoing BAU development and enhancements of actuarial systems in support of liability and capital valuations, embedded value, and business planning. The main activity of this role is to partake in the modelling build for their Individual Risk and Wealth portfolios, and the IFRS17 implementation stream. This includes guiding more junior prophet developers within the systems team.  

A deep knowledge and experience with Prophet, and strong technical skills in programming and data analysis are required. Experience with new account standard IFRS17/AASB17 would be advantageous. 

Responsibilities for this role include: 

Projection Modelling (Prophet) 

  • Prepare model design documents that meet Individual Risk and Wealth valuation needs  
  • Become the Subject Matter Expert (SME) on FIS Prophet Libraries:  
  • Life Insurance Reserving (Lump Sum and Income Protection) 
  • Life Insurance IFRS 
  • Use this SME knowledge to design integrated solutions for reserves, profit share and cashflow modelling within the Prophet eco-system
  • Perform technical review of design documents against project/user requirements and prophet coding standards 
  • Prepare development environment and perform Prophet coding 
  • Perform system testing activities (code compares, unit testing, regression testing, documentation) 
  • Provide end user support during UAT (e.g. explaining and demonstrating new functionality) 
  • Identify areas of model improvement and efficiency  

Data Management 

Work with Project data stream leads and Individual Risk and Wealth Valuation Actuaries to: 

  • Develop controlled and repeatable model inputs processes for Models sourced from strategic data platform 
  • Develop input controls process using FIS Assumption Management 
  • Develop mapping to integrate new models into Insurance Data Repository (IDR) 

Finance System Support 

Support the Head of Actuarial Systems and team in the provision of Finance Operational services including: 

  • Develop training material for Prophet developers and end users, with an increased focus on SME area’s 
  • Train and mentor junior and intermediate Actuarial System Team members in Prophet software and Actuarial Modelling Techniques 
  • Conduct broader finance end user Prophet eco-system training and education sessions 
  • Work with vendor (FIS) to support and resolve model software issues, as well as request improvement in relation to SME focus areas 
  • Periodic research and advise on emerging finance technology 
  • Take a leading role in setting the technical design and coding standards for the team 
  • Continuously develop as well as reinforce the Actuarial Systems Teams risk controls 

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

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