Standard Bank | Actuarial

Get Career Ready

Complete work that simulates life on the job. 3-4 hours and self-paced.

Stand out in your application to Standard Bank . Show us you're a motivated candidate.

Get Career Ready

Complete work that simulates life on the job. 3-4 hours and self-paced.

Stand out in your application to Standard Bank . Show us you're a motivated candidate.

Why complete this job simulation

A risk-free way to experience work on the job with us at Standard Bank . Practice your skills with example tasks and build your confidence to ace your applications.

Self-paced3-4 hoursNo gradesNo assessmentsAdvanced

Welcome to the Actuarial Virtual Job Simulation! We are so excited to have you here!

Here at Standard Bank, we’re passionate about driving sustainable, inclusive growth across Africa. The kind of growth that will make a positive and lasting impact on all our lives. We put Africa’s dreams, our client’s dreams, and our people’s dreams at the heart of everything we do.

During this programme, you will get the opportunity to step into the shoes of a Standard Bank team member and complete tasks that replicate the work that our Actuarial team does every day. You’ll learn technical actuarial skills (including actual vs. expected lapse analysis) while distilling your communication and presentation skills.

We hope this programme provides a great resource for you to upskill and strengthen your resume as you explore career options and a potential career at Standard Bank!

All tasks, materials, companies, and people featured in this programme are simulated and entirely fictional. Any resemblance to real persons (either living or dead) or other real-life entities is purely coincidental.

Skills you will learn and practice:

Actuarial Science

Professional Judgment

Excel

Critical Thinking

Presentation Skills

PowerPoint

Mathematics

Analytical Thinking

Data Interpretation

Communication

How it works

Introduction from Standard Bank

Tasks in this program

Intro & Scenario

Meet your team members and learn about your project goals.

Your role

You are working as an actuarial analyst at Standard Bank.
The day-to-day responsibilities of this role include:
- Analysing and interpreting data to assess the appropriateness of various actuarial assumptions, including lapse assumptions.
- Collaborating with cross-functional teams to gather and synthesise experience data, enabling data-driven insights that shape the formulation and refinement of key actuarial assumptions.
- Conducting experience analysis, identifying trends and patterns, and translating findings into actionable recommendations for assumption adjustments, ensuring alignment with business objectives and risk-management strategies.
- Playing a pivotal role in presentations to senior stakeholders, effectively communicating the rationale behind assumption changes and their potential impacts, and providing the necessary context to drive informed decision-making within the Risk Products team.
Your team has been assigned to a new project aimed at refining Standard Bank’s current lapse assumption by carrying out actual vs. expected analysis. By completing these tasks, you will contribute to enhancing Standard Bank’s understanding of lapse assumptions and improving the accuracy of financial projections.

Your goal

Assist the Risk Products team at Standard Bank in conducting a thorough lapse experience analysis.
Recommend a suitable new lapse assumption to senior stakeholders and assess the impact it will have on the overall result.

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Reviews

Over 250

5 Star Reviews

"Before I had doubts about how I would actually apply my knowledge in a workspace but participating in Standard Bank's virtual job experience has helped orient me."-- Student from University of the Free State

"The templates and additional resources where very useful to me, since I am still in the early stages of study."-- Student from University of the Free State

"this program is a lot much helpful in learning that what does and how does an actuarial work and what are his roles of responsiblity"-- Student from University of Delhi

"Apply different technical and practical knowledge from my previous working experience at Momentum insurance to the Standard Bank actuarial job simulation and gaining an in-depth analysis of how the insurance value chain works."-- Student from My institution is not listed

"I liked that the program involved a complete project right from making the excel file model then to create a presentation and then reporting to your manager. It felt like I was working with the team and also the short videos of the people who worked there gave us a slight glimpse about the work culture in standard bank."-- Student from My institution is not listed