Insurance Analyst -PSISD at South African Reserve Bank

 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.