Valuations And Modelling Actuary: Life InsuranceCapitec Bank

To enhance the financial performance of Capitec Insurance through:

• Performing of monthly reserving and profit calculations.
• Support in the calculation of solvency requirements as specified in the Financial Soundness for Insurers specs (previously SAM).
• Developing and maintaining Prophet and other models used in the valuation process.
• Ad-hoc pricing and experience investigation tasks to understand the ongoing experience of the Capitec Insurance book.

Qualifications (Minimum)

Bachelor's Degree in Statistics or Mathematics

Qualifications (Ideal or Preferred)

Honours Degree in Statistics or Mathematics

Experience

MINIMUM:

• 3 - 5 years’ 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.

IDEAL:

• 5+ years actuarial experience in the life insurance industry including valuation, reporting and or capital management.
• Experience with working in a team with multiple deliverables.
• Experience in working with data visualisation technologies (Power BI, etc.)

Knowledge

MINIMUM:

• Actuarial principles, standards, tools, systems, models and methodologies
• Knowledge of the Life Insurance industry and landscape
• IFRS 17 
• Coding on FIS Prophet or other actuarial/statistical modelling software.
• Knowledge and understanding of regulatory and legal requirements related to insurance.

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.

Skills

• Analytical Skills
• Attention to Detail
• Numerical Reasoning skills
• Planning, organising and coordination skills
• Reporting Skills

Conditions of Employment

Clear criminal and credit record