Head of Modelling (Actuarial): Life Insurance

Overall responsibility for Absa Life’s Actuarial models used for actuarial valuations, and reporting purposes (IFRS, SAM and Embedded Value). These include models within Prophet, Excel and other platforms.

• Provide oversight, direction and management to the modelling team.
• Implementation of model developments in accordance with Absa’s governance framework.
• Monitoring and investigation of experience variances to ensure continued appropriateness of models.
• Relationship management with Prophet software provider as well as the point of contact to address Prophet queries.
• Identify and implement initiatives to improve efficiency of prophet modelling including run times.
• Identify and implement initiatives for alternative modelling platforms that may increase efficiency and costs.

• Qualified actuary (part qualified actuaries with appropriate experience will be considered).
• Extensive knowledge and experience with Life Assurance products, including reinsurance.
• Advanced Prophet skills. Skills in R, Python and other actuarial software platforms are highly advantageous.
• Experience and knowledge of IFRS17, SAM and EV.
• Minimum 7 years work experience.