Associate Insurance Analyst -PSISD at South African Reserve Bank

Job Description

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

• Review, analyse and evaluate life insurers’ own risk and solvency assessment process and reports.
• Analyse and interpret risk-based regulatory returns for 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); and
• a minimum two to five years’ job-related experience in the life insurance sector or in risk management of life insurers 

Additional requirements include:

• ability to travel as and when required;
• knowledge of, and experience in, financial, 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
• be 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; and
• ability to work independently, take initiative and proactively identify and address tasks;
• effective time management skills;
• proficiency in verbal communication;
• competence in written communication.