Capitec – Finance Jobs

Ajtechnicaldr; Gauteng; On-site; ZAR 300 000 - 600 000; Full time

Job summary

An established industry player is seeking an energetic Finance Actuary to enhance financial performance in their Insurance team. This role involves providing analytical support, participating in IFRS 17 profit calculations, and developing processes for actuarial valuation and financial reporting. The ideal candidate will have a strong background in financial analysis, budgeting, and forecasting, along with proficiency in SQL and Power BI. Join a dynamic team dedicated to improving clients' financial lives through accessible and affordable insurance solutions. If you're passionate about making a difference, this opportunity is perfect for you.

Qualifications

• 1-3 years experience in financial analysis, budgeting, and forecasting.
• Strong financial modelling and data analysis expertise required.

Responsibilities

• Provide analytical support for financial budgets and forecasts.
• Participate in IFRS 17 profit calculations and reporting.

Skills

Numerical Reasoning

Computer Literacy (MS Word, MS Excel, MS Outlook)

Attention to Detail

Communication Skills

SQL Skills

Education

Bachelor's Degree in Finance or Statistics

Grade 12 National Certificate / Vocational

Honours Degree in Actuarial Science

Qualified Chartered Accountant (CA)

Certification in CIMA

Tools

Power BI

SQL

Prophet

Job description

Analyst: Budgeting and Forecasting (Sandton)

Apply by: We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry.

Purpose Statement: Provide commercial analytical support to business by analysing financial budgets and forecasts to inform decision-making and ensure the financial health and stability of the organisation.

Experience

1. 1-3 years post articles proven experience in financial analysis, budgeting and forecasting
2. Strong financial modelling, data analysis and financial software/systems expertise (i.e., SQL & PowerBI experience required)
3. Synthesizing complex financial information into clear and actionable insights
4. Conveying financial concepts to both financial and non-financial stakeholders

Qualifications (Minimum)

1. Bachelor's Degree in Finance or Statistics
2. Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

1. Qualified Chartered Accountant (CA)
2. Certification in CIMA

Knowledge

1. Budgeting & forecasting principles
2. Financial modelling and data manipulation

Skills

1. Numerical Reasoning skills
2. Computer Literacy (MS Word, MS Excel, MS Outlook)
3. Attention to Detail
4. Communications Skills
5. SQL 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.

Introduction

We are looking for a Finance Actuary to join the Insurance team at Capitec, a diversified financial services group. The Insurance team's objective is to provide our clients with insurance solutions that are easy to understand, affordable, accessible and to have an easy and transparent claims process.

About the Role

The purpose of this role is to enhance the financial performance of Capitec Insurance through:

1. Participating in periodic (monthly, quarterly, bi-annual and annual) insurance contract liability and profit calculations on an IFRS 17 (International Financial Reporting Standards) basis.
2. Participating in the forecasted IFRS 17 profit calculations for the annual budget and monthly re-forecasting.
3. Support in the calculation of solvency requirements as specified in the Financial Soundness Standard for Insurers (previously SAM).
4. Assist in the completion of the quantitative reporting templates for statutory reporting of solvency.
5. Assistance in developing and maintaining the processes and controls used for actuarial valuation and financial reporting activities.

Our Ideal Candidate

1. Academically qualified actuary or Newly qualified actuary: All exams completed.
2. 3+ years' actuarial experience in the life insurance industry including valuation, reporting and or capital management.
3. Honours Degree in Actuarial Science.
4. Experience with working in a team with multiple deliverables.
5. Experience with IFRS17.
6. Experience with Prophet or other actuarial modelling software.
7. Experience with working with data visualisation technologies (Power BI, etc.)

If you are interested in being part of this dynamic team, on a mission to improve the financial lives of our clients and help them live better, please apply.

We would love to hear from you! Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.