Actuarial Analyst: Pricing

Capitec; Stellenbosch; On-site; ZAR 600,000 - 1,200,000; Full time

Job summary

Capitec is looking for an energetic and self-motivated individual to provide actuarial support for pricing and analysis in the insurance industry. This role involves developing models, performing experience analysis, and engaging with stakeholders. The candidate should possess strong SQL skills and a background in Actuarial Science.

Qualifications

• Minimum 3 years of actuarial experience in a technical role.
• Actuarial student with 10 ASSA exam passes.
• Experience with IFRS17 and reporting software is ideal.

Responsibilities

• Deliver actuarial support for pricing and profit testing.
• Conduct experience analysis and competitor analysis.
• Develop models using Prophet.

Skills

Analytical Skills

Attention to Detail

Numerical Reasoning skills

Planning, organising and coordination skills

Reporting Skills

Education

Bachelor's Degree in Actuarial Science or Mathematics

Tools

SQL

Prophet

Python

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:

• To see what life at Capitec is all about and complete a short assessment, please click here!
• Once you have completed the above finalize your application by clicking apply below
  
  

Purpose Statement

Deliver technical actuarial support on all elements of the actuarial pricing function for Capitec Life, including experience analysis, choosing rating factors, profit testing, developing code for new product features and competitor analysis.

Experience

MINIMUM:

• Minimum 3 years of actuarial experience within a technical actuarial role.
• Pricing, valuations, reporting and/or capital management experience.
• Stakeholder relationship management.
  
  

IDEAL:

• Experience of a high performance environment, working to tight deadlines and under pressure.
• Experience in life insurance pricing, profit testing, analysing impacts and communicating with a range of stakeholders.
• Experience with IFRS17 and reporting software.
• Experience in building statistical or predictive models (GLMs, regression, machine learning, etc.).
• Experience in working with data visualisation technologies (Power BI, etc.).
  
  

Key Performance Areas

• Pricing and Profit Testing
• Experience Analysis and Rating Factors
• Prophet Model Development
• Competitor Analysis
• Stakeholder Engagement
  
  

Qualifications (Minimum)

• Bachelor's Degree in Actuarial Science or Mathematics
  
  

Knowledge

MINIMUM:

• Strong SQL proficiency for accessing and managing data.
• Prophet and/or Python coding ability for model development.
• General knowledge in actuarial principles, standards, tools, systems, models and methodologies.
• General knowledge of the life and/or short-term insurance industry and landscape.
• Knowledge and understanding of regulatory and legal requirements related to insurance.
• Actuarial student with 10 ASSA exam passes: Good progress with actuarial exams and intention to complete actuarial studies. Minimum requirement of having passed Actuarial Risk management (Current A311, prior CA1)
  
  

IDEAL:

• Experience analysis and decrement table construction.
• Relevant knowledge of actuarial modelling and data infrastructure.
• Solid understanding of insurance data, policyholder behaviour, and model deployment principles.
• Understanding how to apply predictive modelling and statistical techniques to build business solutions.
• Knowledge of insurance industry dynamics, competitors and products
• Familiarity with IFRS 17, Financial Soundness Standards for Insurers.
  
  

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 and, where feasible, all appointments will support the achievement of our employment equity goals.