Finance Actuary: Insurance (Stellenbosch OR Sandton)

Capitec Client Care; Stellenbosch; On-site; ZAR 300,000 - 700,000; Full time

Job summary

An established industry player is seeking energetic, self-motivated individuals to join their team in the financial services sector. This role focuses on actuarial valuations and financial reporting, requiring a minimum of 5 years of relevant experience. The ideal candidate will have a strong background in IFRS 17 and stakeholder management. Join a dynamic environment that values diversity and aims to support employment equity goals. If you're passionate about making a difference in the financial industry, this opportunity is for you!

Qualifications

• 5+ years of actuarial experience, including valuation and reporting.
• Experience with IFRS 17 implementation projects in South Africa.

Responsibilities

• Define and understand insurance financial standards and management reporting.
• Guide the Actuarial Valuations Team on reporting requirements.

Skills

Analytical Skills

Attention to Detail

Leadership Skills

Strategic Thinking Skills

Commercial Thinking Skills

Education

Grade 12 National Certificate / Vocational

Honours Degree in Statistics or Mathematics

Job description

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Date: 25 Mar 2025

Location: Stellenbosch, Western Cape, ZA

Company: Capitec Bank Ltd

We're On The Lookout For Energetic, Self-motivated Individuals Who Share Our Passion For Service In The Financial Services 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

• To ensure that insurance financial standards and management reporting requirements are defined and understood by the business.
• To ensure that actuarial valuations and output delivered for the Division is accurately converted into financial statements and reports and to provide guidance to the Actuarial Valuations Team on reporting requirements.

Experience

MINIMUM:

• At least 5 years’ actuarial experience including valuation, reporting and/or capital management.
• 2 years’ experience with statutory financial reporting or auditing.
• Experience of IFRS 17 implementation projects in South Africa.
• Valuations experience and intricate knowledge of embedded value calculations.
• Stakeholder relationship management practices and principles.
• Experience of working on multiple projects for various parties simultaneously and working with a team with multiple deliverables.
• Experience of a high performance environment, working to tight deadlines and under pressure.

IDEAL:

• Quality management principles and practice.
• Experience of leading, guiding and managing a team (In the future).

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational.
• Honours Degree in Statistics or Mathematics.

Knowledge

MINIMUM:

• Relevant knowledge valuations/reporting and/or capital management.
• Subject matter expert in:
• Solvency Assessment Management.
• Insurance Capital Standard (ICS).
• IFRS 17.
• Expert knowledge of actuarial principles, standards, tools, systems, models and methodologies.
• Extensive knowledge of the insurance industry and competitor landscape.
• Knowledge and understanding of regulatory and legal requirements related to insurance.
• Commercial, business and financial principles and practices.
• Governance and risk management principles.
• Financial reporting, systems and processes.

IDEAL:

• Business case conceptualisation, principles and compilation.
• Elements of a Balanced Scorecard for an insurer.

Skills

• Analytical Skills.
• Attention to Detail.
• Leadership Skills.
• Strategic Thinking Skills.
• Commercial Thinking Skills.

Conditions of Employment

• Clear criminal and credit record.

Capitec is committed to diversity, applications to this position will strictly be considered in support of our employment equity goals.
Apply now »