Purpose Statement To enhance the financial performance of Capitec Insurance through:
- Strategic implementation of the actuarial modelling environment across the insurance business to provide Capitec with a competitive edge.
- Automation and continuous improvement of the valuation and reporting process.
- Developing and maintaining the actuarial models and data infrastructure, including data models, risk scoring models, regression models and valuation models.
- Building and maintaining predictive models to support policyholder risk scoring (e.g., for lapses, mortality, retrenchment).
- Conducting experience investigations and supporting pricing activities based on rich internal data insights.
Key Tasks amd Responsibilities
- Valuations Process Automation & Improvement
- Risk Scoring & Predictive Modelling
- Actuarial Systems, Data and Model Development
- Pricing Support and Assumption Setting
- Stakeholder Engagement & Technical Enablement
- Honours Degree in Actuarial Science or Mathematics
- Actuarial Society of South Africa Technical Member (TASSA) / Actuarial Society of South Africa Fellow (FASSA / CERA)
MINIMUM:
- Minimum 6 years of insurance industry experience, ideally with both life and general insurance exposure.
- Experience in building statistical or predictive models (GLMs, regression).
- Experience with cloud-based platforms such as AWS.
- Some pricing, valuations, reporting and or capital management experience.
- Experience with IFRS17 and reporting software.
- Experience with actuarial modelling software, such as FIS Prophet.
- Experience with working in a team with multiple deliverables.
- Experience in working with data visualisation technologies (Power BI, etc.).
- Background in general insurance pricing or reserving would be advantageous.
MINIMUM:
- Strong Python coding ability for model development.
- SQL proficiency for accessing and managing data.
- Solid understanding of insurance data, policyholder behaviour, and model deployment principles.
- Knowledge of data management software and its use across the insurance value chain.
- General knowledge in actuarial principles, standards, tools, systems, models and methodologies.
- General knowledge of the life and/or short-term insurance industry and landscape.
- Knowledge and understanding of regulatory and legal requirements related to insurance.
- Familiarity with IFRS 17, Financial Soundness Standards for Insurers.
- Some coding on FIS Prophet or other actuarial/statistical modelling software.
- Relevant knowledge of actuarial modelling and data infrastructure.
- Relevant knowledge of valuations/reporting and/or capital management.
- Analytical Skills
- Attention to Detail
- Commercial Thinking Skills
- Communications Skills
- Interpersonal & Relationship management Skills
- Numerical Reasoning skills
- Clear criminal and credit record
