Actuarial Basis and Assumptions Setting Manager at Capitec, Stellenbosch
Capitec · Stellenbosch, Western Cape
Overview
Capitec is looking for a qualified actuary to take charge of its basis-setting framework and assumptions portfolio in Stellenbosch. This is a senior role for someone with deep life insurance experience who enjoys governance, modelling and cross-team coordination. You will shape how assumptions are set, reviewed and signed off across the Valuations and Modelling Department.
About the role
Capitec is hiring an Actuarial Basis and Assumptions Setting Manager to own the basis-setting framework, operating model and governance controls for the Valuations and Modelling Department in Stellenbosch.
What the role involves:
- Owning the basis-setting methodology, governance authority and operating model across the department.
- Delivering robust and controlled assumptions through experience investigations, assumption development and impact assessments.
- Coordinating basis-setting delivery across teams and recommending final assumptions.
- Driving data readiness, dependency tracking and controlled production processes.
- Providing audit walkthroughs, peer review input and governance evidence.
Application note: This role is based in Stellenbosch, Western Cape. Applications go through Capitec's official careers portal, so make sure you complete the short assessment and submit everything there.
Requirements
- Honours Degree in Actuarial Science or Mathematics (minimum).
- Actuarial Society of South Africa Technical Member (TASSA) or Fellow (FASSA / CERA) preferred.
- 10+ years of post-qualification actuarial or insurance finance experience.
- Significant experience in assumption setting, basis analysis, experience investigations, impact assessment and governance.
- Strong knowledge of IFRS 17, SAM, capital and economic valuation requirements.
- Advanced assumption-setting methodologies, best-estimate principles and experience analysis.
- Experience with Python-based actuarial applications and controlled automation is beneficial.
- Excellent decision making, influencing, negotiation and coordination skills.
- Clear criminal and credit record.
Responsibilities
- Own and operate the basis-setting framework, governance gates and ownership model.
- Deliver robust and controlled assumptions through experience investigations and assumption development.
- Coordinate basis-setting delivery across the Valuations and Modelling Department.
- Set basis methodology and recommend final assumptions to management.
- Manage data readiness, dependency tracking and controlled production processes.
- Oversee the experience database, validation controls and sign-off evidence.
- Produce assumption packs, basis change registers, impact dashboards and executive material.
- Provide audit walkthroughs, peer review of insurance bases and ORSA adverse scenario input.
- Drive continuous improvement in basis-setting applications and governance workflows.
Job details
- Organisation
- Capitec
- Location
- Stellenbosch, Western Cape
- Job type
- Full time
- Experience level
- Senior (10+ years)
- Education
- Honours
- Category
- Banking & Insurance
- Posted
- 20 October 2026 (2 weeks ago)
- Application Method
- Apply online
Success Guide
This is a senior actuarial role, so your application should highlight your hands-on experience with assumption setting and governance, not just your exams. Capitec will likely want to see how you have owned a basis-setting process end to end, including experience investigations and sign-off.
When you apply, be ready to discuss specific examples of assumptions you have set, how you managed data readiness, and how you worked with valuations and modelling teams. Also remember to complete the short assessment on Capitec's careers portal before submitting.
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