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Job Title: Technical Actuary – Life Insurance
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Are you a motivated and detail-oriented individual with a passion for actuarial science? Do you want to join a dynamic team at Capitec, a leading banking company? If yes, follow these steps to apply:
- Learn more about Life at Capitec: Complete a short assessment by clicking here.
- Apply now: Finalize your application by clicking the "Apply" button below.
Job Summary
As a Technical Actuary – Life Insurance at Capitec, you will 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:
- 3 years of actuarial experience in a technical actuarial role.
- Pricing, valuations, reporting, and/or capital management experience.
- Stakeholder relationship management experience.
- Ideal:
- Experience of a high-performance environment, working to tight deadlines and under pressure.
- Experience in life insurance pricing, profit testing, analyzing 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 visualization technologies (Power BI, etc.).
Key Performance Areas
- Pricing and Profit Testing
- Experience Analysis and Rating Factors
- Prophet Model Development
- Competitor Analysis
- Stakeholder Engagement
Qualifications
- 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 modeling and data infrastructure.
- Solid understanding of insurance data, policyholder behavior, and model deployment principles.
- Understanding how to apply predictive modeling 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, organizing, and coordination skills
- Reporting Skills
Conditions of Employment
- Clear criminal and credit record
Diversity and Equal Opportunities
Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.