Monday , February 26 2024

Talent Research Jobs in Stellenbosch

Website Discovery Limited

About the job


Job description:

Purpose Statement

  • To enhance the financial performance of Capitec Insurance through:
    • Support in monthly reserving and profit calculations.
    • Support in the calculation of solvency requirements as specified in the Financial Soundness for Insurers specs (previously SAM).
    • Assistance in 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.

Experience

MINIMUM:

  • Min one 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:

  • 3+ 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.)

Qualifications (Minimum)

  • Bachelor’s Degree in Statistics or Mathematics

Qualifications (Ideal or Preferred)

  • Honours Degree in Statistics or Mathematics

Knowledge

MINIMUM:

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

Skills

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

Conditions of Employment

  • Clear criminal and credit record



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