Actuarial Analyst

Capitec; Stellenbosch; On-site; ZAR 500,000 - 800,000; Full time

Job summary

Capitec is seeking energetic, self-motivated individuals for an actuarial position in the banking sector. The role involves performing actuarial-related duties, requiring a Bachelor's Degree in Statistics or Mathematics and relevant experience in life insurance. Ideal candidates are nearly qualified actuaries with strong analytical skills and experience with actuarial modelling software.

Qualifications

• Minimum of 1 year’s actuarial experience in life insurance.
• Nearly qualified Actuary: Good progress with actuarial exams, maximum of 4 remaining.

Responsibilities

• Perform and analyze actuarial research and audits.
• Collect data and perform standard mathematical calculations.

Skills

Analytical Skills

Attention to Detail

Numerical Reasoning

Planning and Organizing

Reporting Skills

Education

Bachelor's Degree in Statistics or Mathematics

Honours Degree in Statistics or Mathematics

Tools

FIS Prophet

Power BI

Job description

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

• Under general supervision, performs assignments of actuarial-related duties such as preparing, performing, and analyzing actuarial research and audits.
• Other duties include collecting data from various databases and performing standard mathematical calculations.

Education (Minimum)

• Bachelor's Degree in Statistics or Mathematics

Education (Ideal Or Preferred)

• Honours Degree in Statistics or Mathematics

Knowledge and Experience

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 conceptualization, principles, and compilation
• Experience in analysis and decrement table construction
• Governance and risk management principles.
• Nearly qualified Actuary: Good progress with Actuarial exams, maximum of one exam remaining.

Experience

• Minimum one year's actuarial experience in the life insurance industry including valuation, reporting, and/or capital management.
• Minimum of 3 years experience
• 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 working in a team with multiple deliverables.
• Experience with data visualization technologies (Power BI, etc.)

Skills

• Analytical Skills
• Attention to Detail
• Numerical Reasoning skills
• Planning, organizing, and coordination skills
• Reporting Skills

Additional Information

• Clear criminal and credit record

Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.