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: 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.We are looking for a Valuation Specialist 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 Valuation Specialist, you will be responsible for valuation, financial reporting, and management reporting duties for Capitec Insurance.
About the roleThe purpose of this role is to enhance the financial performance of Capitec Insurance through:
Perform periodic (monthly, quarterly, bi-annual, and annual) actuarial valuation duties using Prophet and other actuarial models. Assist in the compiling of the input tables and assumptions used for valuations.Participating in periodic (monthly, quarterly, bi-annual, and annual) insurance contract liability and profit calculations on an IFRS 17 (International Financial Reporting Standards) basis.Participate 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.Participating in the forecasted IFRS 17 profit calculations for the annual budget and monthly re-forecasting.Minimum RequirementsAcademically 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 Prophet or other actuarial modelling software.Experience with IFRS17.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 and, where feasible, all appointments will support the achievement of our employment equity goals.
Conditions of EmploymentClear criminal and credit record.Capitec is committed to diversity; applications to this position will strictly be considered in support of our employment equity goals.
Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Capitec Bank Limited Reg. No: 1980/003695/06
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