Actuarial Analyst III

Capitec Bank; Sandton; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading financial institution based in Sandton is seeking an actuary to perform actuarial-related duties including research and data collection. Ideal candidates have a Bachelor's Degree in Statistics or Mathematics and at least one year of experience in the life insurance industry. Knowledge of actuarial principles and IFRS 17 is essential. This role offers the opportunity to work in a dynamic industry and contribute to important financial assessments.

Qualifications

• Actuarial principles, standards, tools, systems, models and methodologies.
• Knowledge of the Life Insurance industry and landscape.
• Nearly qualified Actuary: Good progress with Actuarial exams, maximum of four exams remaining.

Responsibilities

• Perform assignments of actuarial-related duties such as preparing, performing and analysing actuarial research.
• Collect data from various databases and perform standard mathematical calculations.

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

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

• 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