Actuarial Analyst

3 weeks ago

Stellenbosch, Western Cape, South Africa Capitec Bank Ltd Full time
Apply by:

We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here

2. Once you have completed the above finalize your application by clicking apply below.

Purpose Statement
  • To enhance the financial performance of Capitec Insurance through:
    • Support in monthly reserving and profit calculations.
    • Support in the calculation of solvency requirements as specified in the Financial Soundness for Insurers specs (previously SAM).
    • Assistance in developing and maintaining Prophet and other models used in the valuation process.
    • Ad-hoc pricing and experience investigation tasks to understand the ongoing experience of the Capitec Insurance book.
Experience

MINIMUM:
  • Min one years' actuarial experience in the life insurance industry including valuation, reporting and or capital management.
  • Experience with IFRS17.
  • Experience with Prophet or other actuarial modelling software.
IDEAL:
  • 3+ years actuarial experience in the life insurance industry including valuation, reporting and or capital management.
  • Experience with working in a team with multiple deliverables.
  • Experience in working with data visualisation technologies (Power BI, etc.)
Qualifications (Minimum)
  • Bachelor's Degree in Statistics or Mathematics
Qualifications (Ideal or Preferred)
  • Honours Degree in Statistics or Mathematics
Knowledge

MINIMUM:
  • Actuarial principles, standards, tools, systems, models and methodologies
  • Knowledge of the Life Insurance industry and landscape
  • Some IFRS 17 knowledge
  • Coding on FIS Prophet or other actuarial/statistical modelling software.
  • Nearly qualified Actuary : Good progress with Actuarial exams, maximum of four exams remaining.
IDEAL:
  • Relevant knowledge of valuations/reporting and/or capital management
  • Business case conceptualisation, principles and compilation
  • Experience analysis and decrement table construction
  • Governance and risk management principles.
  • Nearly qualified Actuary: Good progress with Actuarial exams, maximum of one exam remaining.
Skills
  • Analytical Skills
  • Attention to Detail
  • Numerical Reasoning skills
  • Planning, organising and coordination skills
  • Reporting Skills
Conditions of Employment
  • Clear criminal and credit record
Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.

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