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 ensure billing is correct. Optimize allocation of Prophet named user licenses and ownership of the Prophet application, including Prophet Managed Cloud Solution (PMCS). Act as the first point of contact for internal colleagues regarding Prophet-related queries. Analytics and Financial Reporting Support Prepare analysis of surplus, analysis of embedded value, and analysis of basic own funds. Produce management information for committee meetings. Quality Assurance Review Perform 1st line Quality Assurance to ensure accuracy of model outputs for sound business decision-making and maintain a robust control environment. Ensure that 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 Support talent development and business resilience, with potential direct reports (1 to 2 direct reports). #J-18808-Ljbffr
Head Of Model Development
BOARDROOM APPOINTMENTS
johannesburg, johannesburg
Published 14 days ago
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