(1281) Associate Insurance Analyst -FCSD at South African Reserve Bank

Detailed description

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

• Supervise insurers and insurance groups within the allocated portfolio through a combination of on- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions.
• Process the notifications and applications received from insurers and insurance groups within the allocated portfolio, and recommend to either approve or decline the applications.
• Provide input into the development and implementation of the regulatory framework.
• Promote efficient, fair and sustainable insurance markets as well as policyholder protection.
• Develop and implement a prudential risk-based supervisory plan for allocated insurers.
• Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention.
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
• Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the SARB.
• Assist with, and provide input into, the development of public documents relating to insurance supervision.
• Liaise with the industry, other regulators (local and international) and relevant financial institutions.

Job requirements

To be considered for this position, candidates must be in possession of:

• A Postgraduate qualification (NQF8) specialising in Accounting, Economics, Financial Management, Insurance or Risk Management, or a relevant equivalent qualification; and
• at least 2–5 years of working experience in the insurance sector or insurance-related experience in the wider finance sector or risk management environment.