Actuarial Analyst

Capitec Bank; Stellenbosch; On-site; ZAR 300,000 - 800,000; Full time

Job summary

Capitec Bank is seeking energetic and self-motivated individuals for actuarial roles within the banking industry. Candidates will be tasked with performing actuarial research, data analysis, and standard calculations. The position demands a Bachelor's degree in Statistics or Mathematics, along with a solid understanding of actuarial principles and experience in the life insurance sector.

Qualifications

• Knowledge of actuarial principles, life insurance landscape, and IFRS 17.
• Nearly qualified Actuary with progress in actuarial exams required.
• Minimum one year actuarial experience in life insurance industry mandated.

Responsibilities

• Perform actuarial-related duties including research and audits.
• Collect and analyze data from databases.
• Conduct standard mathematical calculations relevant to actuarial work.

Skills

Analytical Skills

Attention to Detail

Numerical Reasoning skills

Planning, organising and coordination skills

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, pleaseclick 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 analysing 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:
Knowledge

• 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:
Knowledge ·

• 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.

Experience

• Min one years’ 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:

• Experience · 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.)

Skills

• Analytical Skills
• Attention to Detail
• Numerical Reasoning skills
• Planning, organising 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.