Finance Actuary: Insurance (Stellenbosch OR Sandton) at Capitec Bank

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.)