Capitec Bank Jobs: Actuarial Analyst

Capitec Bank Invites Suitably Qualified Applicants to Apply for Actuarial Analyst Vacancy (Multiple Posts)

The closing date for applications is Not Specified.

Are you a motivated and detail-oriented individual looking for a challenging role in the banking industry? Do you have a passion for numbers and a desire to make a meaningful impact? Capitec Bank is seeking talented individuals to join their team as Actuarial Analysts.

What We’re Looking For

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. Get to Know Us: Complete a short assessment to see what life at Capitec is all about by clicking here!
2. Finalize Your Application: Once you’ve completed the assessment, finalize your application by clicking apply below.

Job Purpose Statement

As an Actuarial Analyst at Capitec Bank, you will play a critical role in enhancing the financial performance of our insurance business. Your responsibilities will include:

• Supporting monthly reserving and profit calculations
• Calculating solvency requirements as specified in the Financial Soundness for Insurers specs (previously SAM)
• Assisting in developing and maintaining Prophet and other models used in the valuation process
• Conducting ad-hoc pricing and experience investigation tasks to understand the ongoing experience of our insurance book

Experience

To be successful in this role, you will require:

• Minimum: One year’s actuarial experience in the life insurance industry, including valuation, reporting, and/or capital management
• Ideal: Three or more years of actuarial experience in the life insurance industry, including valuation, reporting, and/or capital management
• Experience with IFRS17
• Experience with Prophet or other actuarial modelling software
• Strong analytical and numerical reasoning skills
• Ability to work in a team with multiple deliverables
• Experience with data visualisation technologies (Power BI, etc.)

Qualifications

• Minimum: Bachelor’s Degree in Statistics or Mathematics
• Ideal or Preferred: Honours Degree in Statistics or Mathematics

Knowledge

To excel in this role, you will need:

• Minimum: Actuarial principles, standards, tools, systems, models, and methodologies
• Minimum: Knowledge of the Life Insurance industry and landscape
• Minimum: Some IFRS 17 knowledge
• Minimum: Coding on FIS Prophet or other actuarial/statistical modelling software
• Minimum: Nearly qualified Actuary with good progress in Actuarial exams, maximum of four exams remaining

Ideal:

• Relevant knowledge of valuations/reporting and/or capital management
• Business case conceptualisation, principles, and compilation
• Experience analysis and decrement table construction
• Governance and risk management principles
• Nearly qualified Actuary with good progress in Actuarial exams, maximum of one exam remaining

Skills

As an Actuarial Analyst at Capitec Bank, you will need:

• Analytical skills
• Attention to detail
• Numerical reasoning skills
• Planning, organising, and coordination skills
• Reporting skills

Conditions of Employment

To be considered for this role, you will need to have:

• A clear criminal and credit record

Diversity and Employment Equity

Capitec Bank is committed to diversity and welcomes applications from suitably qualified individuals from all backgrounds. Applications to this position will strictly be considered in support of our employment equity goals.

How to Apply

To apply for this exciting opportunity, please click on the application link below: Click Here To Apply