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Why complete our 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 Techniques
Judgement
Excel
Critical Thinking
Presentation
PowerPoint
Actuarial Analysis
Mathematical Proficiency
Analytical Thinking
Data Interpretation
How it works
Complete tasks guided by pre-recorded videos and example answers from our team at Standard Bank . No live sessions, all self-paced.
Earn a certificate and add it to your resume and LinkedIn as an extra curricular activity.
Stand out in applications. Confidently answer interview questions and explain why you’re a good fit for our team.
Tasks in this program
Intro & ScenarioMeet 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.
Reviews
Over 2005 Star Reviews
"It was highly insightful - I learned and was guided through the various aspects of an actuarial analyst's work. The practical aspect (i.e. dealing with Excel workbooks, learning specific formulae) was also engaging."-- Student from Imperial College
"I liked that you got pushed into the deep end and thus forced to challenge yourself from the get go. As a first year student I had little knowledge before doing this program and can confirm that it has deepened my knowledge and I will definitely be partaking in more of these programs."-- Student from University of St Andrews
"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 was a very useful insight into the work done at standard bank as well as helping to understand the day to day role of an actuary which helped to understand if this is a career I would enjoy."-- Student from City, University of London
"I liked everything about the program as it learned so many new things that even as an actuarial science did not know about."-- Student from University of York
Actuarial
