Actuarial Control Function Head
2 weeks ago
Job Description To provide appropriate governance over the risk management system and system of internal controls, an insurer must establish and adequately resource the control functions as set out in regulations and actuarial guidance. Control functions are a critical part of an insurer’s checks and balances and must provide an independent perspective on risks and breaches of legal or regulatory requirements. Responsibilities Appointment as Head of Actuarial Function for life insurer All duties and responsibilities as described in Prudential Standard GOI3 and all relevant actuarial guidance including Actuarial Practice Note 106. Work closely with first line teams to raise the overall actuarial posture of the business. Advise senior management and board committees on actuarial matters and will be expected to be comfortable engaging in such forums and to build impactful relationships. Work with other control functions of insurer to manage risk profile of insurer. Advise the Asset, Liability and Capital Committee and Board (ACC) on actuarial matters and provide reports and outputs as required. Model validation of pricing and reserving models (both Excel and Prophet models). Review of technical provisions, minimum capital requirements and solvency capital requirements. Review of balance sheet management assumptions and recommendations for solvency and pricing exercises. Review of Embedded Value, Analysis of Surplus and other actuarial valuations. Review of policies. Technical review of Own Risk and Solvency Assessments (ORSA). Review of compliance with Prudential Standards and advise business on how standards apply for new products. Produce actuarial reports for internal and Board committees. Ad hoc research on Actuarial developments. Challenge and review of actuarial models and assumptions developed for IFRS17. Manage a team of actuaries and actuarial students to comply with results. Raise the actuarial posture of the life insurer and provide specialist life expertise to the wider FirstRand group if required. Qualifications Minimum Qualification: Appropriate Actuarial Degree. Qualified actuary with experience in valuations, capital or pricing at a life insurer or consultancy. Preferred Qualification: Fellow of the Actuarial Society of South Africa and/or Life practicing certificate (or eligible and willing to apply on appointment). A minimum of 10 years life insurance experience within the financial services industry. Prior experience as Head of Actuarial Function will be advantageous but not required. Deep experience of a wide range of Actuarial topics such as experience investigations, pricing, reserving, capital, embedded value calculations and IFRS17 are required. Experience in dealing with senior stakeholders. Experience in audit and or validations will be advantageous. Strong technical, analytical and communication skills. Experience with Prophet valuation software will be advantageous. Job Details Closing Date: 02/12/25 Seniority Level: Executive Employment Type: Full-time Job Function: Accounting/Auditing and Finance Industry: Banking Location: Johannesburg, Gauteng, South Africa All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties. #J-18808-Ljbffr
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Actuarial Control Function Head
4 weeks ago
Johannesburg, South Africa RMB Full timeActuarial Control Function Head page is loaded## Actuarial Control Function Headlocations: Johannesburgtime type: Full timeposted on: Posted Todaytime left to apply: End Date: November 12, 2025 (7 days left to apply)job requisition id: R34057# **Job Description**Responsible for performing all functions of the Head of Actuarial Control Function (HAF) as set...
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Actuarial Control Function Head
3 weeks ago
Johannesburg, South Africa Fnb Namibia Full timeActuarial Control Function Head – Location: Johannesburg – Time type: Full time – End Date: November 14. The successful candidate will lead all functions of the Head of Actuarial Control Function (HAF) as set out in regulations and actuarial guidance, ensuring compliance with prudential standards and effective risk management. Deep experience in a wide...
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Actuarial Control Function Head
3 weeks ago
Johannesburg, South Africa Rmb Full timeActuarial Control Function Head – Johannesburg. Full time. Posted Today. End Date: November 12. Responsibilities Responsible for performing all functions of the Head of Actuarial Control Function (HAF) as set out in regulations and actuarial guidance. Deep experience of a wide range of Actuarial topics such as experience investigations, pricing, reserving,...
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Actuarial Control Function Head
1 week ago
Johannesburg, Gauteng, South Africa FirstRand Full time R1 200 000 - R2 400 000 per yearJob DescriptionResponsible for performing all functions of the Head of Actuarial Control Function (HAF) as set out in regulations and actuarial guidance.Deep experience of a wide range of Actuarial topics such as experience investigations, pricing, reserving, capital, embedded value calculations and IFRS17 are required.Work closely with first line teams to...
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Actuarial Control Function Head
4 days ago
Johannesburg, South Africa FirstRand Full timeJob Description To provide appropriate governance over the risk management system and system of internal controls, an insurer must establish and adequately resource the control functions as set out in regulations and actuarial guidance. Control functions are a critical part of an insurer’s checks and balances and must provide an independent perspective on...
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Actuarial Control Function Head
1 week ago
Johannesburg, South Africa Rmb Nigeria Limited Full timeRole Purpose Control functions are a critical part of an insurer's checks and balances and must provide an independent perspective on risks and breaches of legal or regulatory requirements. Job Description All duties and responsibilities as described in Prudential Standard GOI3 and all relevant actuarial guidance, including Actuarial Practice Note. Work with...
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Actuarial Control Function Head
2 weeks ago
Johannesburg, South Africa RMB Nigeria Limited Full time**Role Purpose:** Control functions are a critical part of an insurer’s checks and balances and must provide an independent perspective on risks and breaches of legal or regulatory requirements**Job Description** All duties and responsibilities as described in Prudential Standard GOI3 and all relevant actuarial guidance including Actuarial Practice Note...
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Head of Actuarial Function
2 weeks ago
Johannesburg, South Africa FNB South Africa Full timeA leading financial institution is seeking a Head of Actuarial Function in Johannesburg. The successful candidate will oversee actuarial governance and provide insights on risk management. The role requires a qualified actuary with over 10 years of experience in life insurance, strong technical skills, and the ability to engage with senior stakeholders. This...
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Head of Actuarial
1 week ago
Johannesburg, South Africa Affirmative Portfolios Full time**Finance ~ Insurance** **JHB North** ***: **Head of Actuarial - Illovo Johannesburg** **R1 300 000p/a - Permanent Vacancy** **Role description** The head of actuarial is responsible for all actuarial operations within the Company. This would include being responsible for the valuation of technical provisions, modelling related to risk requirements,...
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Head: Life Actuarial Product Development
3 weeks ago
Johannesburg, South Africa Hollard Insurance Full timeJoin to apply for the Head: Life Actuarial Product Development & Pricing role at Hollard Insurance The Head: Life Actuarial Product Development & Pricing provides strategic leadership for life insurance product development and pricing across Hollard’s international businesses. The role ensures products are competitively designed, financially sound, and...
