Actuary: Data & Modelling

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

Job summary

Capitec Bank is seeking an energetic and self-motivated Actuarial Expert to support its subsidiary, Capitec Life. The role involves providing technical expertise and managing actuarial functions to align with strategic goals and regulatory standards. Ideal candidates will possess a strong background in statistics or mathematics, and experience in managing complex actuarial projects. A commitment to diversity and employment equity is encouraged.

Qualifications

• At least 5 years’ actuarial experience within a technical actuarial role.
• Experience in stakeholder relationship management.
• Familiarity with statistical/actuarial software.

Responsibilities

• Provide technical actuarial expertise for Capitec Life.
• Deliver solutions to meet strategic objectives.
• Manage multiple projects under tight deadlines.

Skills

Analytical Skills

Attention to Detail

Commercial Thinking Skills

Communication Skills

Interpersonal & Relationship management Skills

Numerical Reasoning skills

Education

Honours Degree in Statistics or Mathematics

Actuarial Society of South Africa Technical Member (TASSA)

Actuarial Society of South Africa Fellow (FASSA / CERA)

Tools

Statistical/Actuarial Software

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

• To provide technical actuarial expertise in leading the actuarial and capital management of Capitec Life, a subsidiary of Capitec Holdings, supporting business strategy and objectives and complying with regulatory requirements.
• To be responsible for delivering solutions for Capitec Life to achieve its strategic objectives.

Education (Minimum)

• Honours Degree in Statistics or Mathematics

Education (Ideal or Preferred)

• Actuarial Society of South Africa Technical Member (TASSA) / Actuarial Society of South Africa Fellow (FASSA / CERA)

Knowledge and Experience

Experience

MINIMUM:

• At least 5 years’ actuarial experience within a technical actuarial role.
• Stakeholder relationship management practices and principles.
• Experience of working on multiple projects for various parties simultaneously and working with a team.
• Experience of a high-performance environment, working to tight deadlines and under pressure.
• Some experience working with statistical/actuarial software.

IDEAL:

• Quality management principles and practice.
• Experience of providing technical and functional mentoring and coaching and oversight of a team.
• Experience of working on multiple projects for various parties simultaneously and working within a team with multiple deliverables.
• Proven track record of independently completing and delivering projects.

Knowledge

MINIMUM:

• Some knowledge of actuarial principles, standards, tools, systems, models, and methodologies.
• Knowledge of insurance industry dynamics, competitors, and products.
• Familiarity with regulatory and legal requirements in insurance.
• Understanding of commercial, business, and financial principles and practices.
• Familiarity with governance and risk management principles.
• Some knowledge of statistical/actuarial software.

IDEAL:

• Business case conceptualization, principles, and compilation.
• Elements of a Balanced Scorecard for an insurer.
• Some knowledge of client experience (design thinking, journey mapping, etc.).

Skills

• Analytical Skills
• Attention to Detail
• Commercial Thinking Skills
• Communication Skills
• Interpersonal & Relationship management Skills
• Numerical Reasoning 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.