Finance Actuary: Insurance (Stellenbosch OR Sandton)

Capitec Client Care; Stellenbosch; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial services group in Stellenbosch is seeking a Finance Actuary for their Insurance team. This role involves enhancing the financial performance through actuarial valuation and reporting. Candidates should have 3+ years of experience in the life insurance sector, an Honours Degree in Actuarial Science, and familiarity with IFRS 17. If you're passionate about improving clients' financial lives, apply now!

Qualifications

• 3+ years’ actuarial experience in the life insurance industry.
• Experience in valuation, reporting and or capital management.
• All actuarial exams completed.

Responsibilities

• Participate in insurance contract liability and profit calculations.
• Support in solvency requirements calculations.
• Assist in actuarial valuation and financial reporting activities.

Skills

Valuation

Financial reporting

Management reporting

IFRS 17

Actuarial modelling software

Data visualisation technologies

Education

Honours Degree in Actuarial Science

Tools

Prophet

Power BI

Job description

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Date: 22 Jul 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.
  
  

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. As a Finance Actuary, you will be responsible for valuation, financial reporting, and management reporting duties for Capitec Insurance.

About The Role

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

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

Our Ideal Candidate

Academically qualified actuary or Newly qualified actuary: All exams completed.

• 3+ years’ actuarial experience in the life insurance industry including valuation, reporting and or capital management.
• Honours Degree in Actuarial Science
• Experience with working in a team with multiple deliverables.
• Experience with IFRS17.
• Experience with Prophet or other actuarial modelling software.
• 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.

Apply now »