(1786) Junior Insurance Analyst - BISD at South African Reserve Bank

The successful candidate will be responsible for the following key performance areas with the support of a senior analyst in discharging the following responsibilities:

• Process notifications and applications of a financial and non-financial nature, and make recommendations in terms of the Insurance Act 18 of 2017 for approval or decline.
• Prepare and implement the supervisory plans of allocated insurers or insurance groups (i.e. insurers with a lower risk profile).
• Supervise insurers and insurance groups within the allocated portfolio through a combination of on-site and off-site supervisory tools, focusing on quantitative and qualitative information, to identify and assess risks and to propose mitigating actions.
• Prepare for and attend on-site visits and participate in engagements under the guidance of a senior analyst/manager.
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio. 
• Liaise with and provide appropriate feedback to internal and external stakeholders after consultation with the manager

Qualifications

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

• a postgraduate qualification (NQF 8) in finance, accounting, insurance, actuarial science or risk management; and 
• at least two years’ experience in the insurance sector, or insurance-related experience in the wider finance sector or risk management environment.

Job-related skills and attributes:

• problem-solving and analytical skills;
• teamwork
• financial and business acumen;
• attention to detail;
• verbal and written communication skills;
• time management skills;
• the ability to maintain confidentiality; and
• building and maintaining relationships.

Job-related knowledge:

• financial sector knowledge, specifically of the insurance industry
• knowledge of corporate governance and risk management practices and standards; and
• knowledge of IAIS principles, insurance standards and relevant legislation