Head-Actuarial Assumption & Model Development Validation

HEAD: ACTUARIAL ASSUMPTIONS & MODEL DEVELOPMENT VALIDATION

A leading specialist insurer and alternative risk financing provider is seeking an experienced actuarial professional to head up Assumptions and Model Development Validation within a dynamic and highly regulated environment.

This organisation is a market leader in structured insurance solutions, cell captive facilities, and innovative risk transfer mechanisms. The business partners with corporates to design and manage bespoke insurance products across life and non-life classes.

Role Purpose

To provide independent validation oversight of actuarial assumptions, methodologies, and model development processes across the business. The role ensures robustness, regulatory compliance, and alignment with best practice actuarial standards.

Key Responsibilities

• Lead independent validation of actuarial models and methodologies

• Review and challenge actuarial assumptions across life and/or non-life portfolios

• Provide governance oversight in line with SAM and regulatory requirements

• Assess model risk frameworks and validation controls

• Engage with internal stakeholders including Finance, Risk, and Product teams

• Present validation findings to Exco and Board-level committees

• Drive continuous improvement in model governance and documentation standards

Minimum Requirements

• Qualified Actuary (FASSA or equivalent)

• 8–12+ years actuarial experience

• Strong exposure to model development and/or model validation

• Experience within insurance (life or non-life)

• Deep understanding of SAM, regulatory reporting, and governance frameworks

• Strong stakeholder engagement and leadership capability

What Makes This Role Strategic

• High-impact governance role

• Exposure to complex insurance structures

• Direct engagement with executive leadership

• Opportunity to shape model risk frameworks in a leading insurance environment