(822) Junior Insurance Analyst at South African Reserve Bank

Detailed description

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

• 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.
• Provide input into and assist with the development and implementation of the regulatory framework.
• 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.
• 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.

Job requirements

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

• a postgraduate qualification (NQF 8) in Accounting, Actuarial Science, Auditing, Banking, Finance, Insurance or Risk Management; and 
• at least two years’ experience in the insurance sector, finance sector or risk management environment.