Associate Actuarial Analyst-RSD

Detailed description

The successful candidate will be responsible for the following key performance areas:

Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following: 

• scrutinising the financial soundness of life insurers; and
• participation in on-site visits to life insurers.
• Scrutinise and check the compliance of submissions by life insurers.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

Qualifications

Job requirements

To be considered for this position, candidates must:

• hold a relevant Postgraduate degree in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from at least two A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• have two to five years’ relevant working experience in the life insurance industry.

Additional requirements include: 

knowledge of:

• the Solvency Assessment and Management (SAM) structure;
• the Insurance Act 18 of 2017;
• the Prudential Standards; and
• the risks that insurers take.
• ability to understand complex financial models;
• competence in Microsoft Office software packages (including programming skills);
• ability to deal professionally with internal and external clients;
• proficiency in verbal and written communication;
• ability to perform under pressure without compromising quality;
• ability to work independently and within a team;
• ability to influence, build and maintain relationships;
• good interpersonal skills;
• analysing and problem-solving skills; and
• reliable own transport, as the position requires travel between the SARB’s Head Office in Pretoria and the offices of supervised entities that are generally outside of Pretoria.