(1788) Insurance Analyst -PSISD
South African Reserve Bank · Gauteng
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Start free — we apply for you →The successful candidate will be responsible for the following key performance areas:
- Review, analyse and evaluate non-life insurers' own risk and solvency assessment process.
- Analyse and interpret risk-based regulatory returns for non-life insurers.
- Conduct research and provide input into the regulatory framework in line with international best practice.
- Interpret and develop amendments to the legislative framework, based on international best practices.
- Contribute towards the international capital framework working committees.
- Develop and implement the supervisory review and evaluation process, in line with international best practice.
Qualifications
To be considered for this position, candidates must be in possession of:
- a Postgraduate qualification in Insurance, Actuarial Science, Risk Management, Finance or an equivalent qualification NQF 8;
- a minimum five years' job-related experience in the non-life insurance sector or in risk management of non-life insurers;
- a good progression in actuarial subjects.
The following would be an added advantage
- an Honours qualification in any of the aforementioned, an ASSA Associate or equivalent credentials designation, or a risk management designation such as PRM or FRM, and practical experience in a financial and/or business and/or regulatory environment
- knowledge of, or experience in climate risk related aspects.
Additional requirements include
- ability to travel as and when required;
- knowledge of, and experience in, financial, non-life insurance products, regulations or risk models;
- being conversant in the second Pillar of the regulatory framework at both theoretical and practical levels;
- keeping abreast of best practice in capital management;
- being conversant in the Insurance Act 18 of 2017 and its Prudential Standards as well as the information for
- supervisory purposes submitted by the insurance industry;
- an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
- a high level of knowledge, skills and experience in relevant areas of specialization;
- ability to work in a team and independently;
- effective time management skills;
- proficiency in verbal communication;
- competence in written communication; and
- proficiency in Microsoft Office software packages.