Specialist Actuarial Analyst - Actuarial Services Department at FSCA South Africa

Purpose of the Job:

• To provide actuarial analysis and formal recommendations on returns submitted in terms of the Pension Funds Act, 1956, as well as providing actuarial support relating to market conduct of financial institutions. The person appointed to this position will report to the Manager: Actuarial Services.

Key Performance Areas:

Reviewing and analysing the following, including making recommendations:

• Valuation exemption applications
• Statutory actuarial valuation reports
• Surplus applications
• Stakeholder complaints
• 15E, 15J and 15K applications
• Providing support to other Departments within the FSCA, in particular the Pensions Division;
• Involvement in ad hoc projects;
• Assisting the Manager and HOD with management reports; and
• Dealing with various actuarial correspondence, extension requests and other administration.

Other Key Competencies:

• The candidate must demonstrate the following skills and attributes: A high level of judgement, effective communication skills; the ability to analyse 
• problems, the ability to gather information; the ability to manage projects; be able to interact effectively with senior staff/ industry partners and 
• stakeholders; and to organise, lead and motivate a team in order to meet individual and group goals; ability to work effectively under pressure 
• whilst retaining an emphasis on quality.
• FSCA is committed towards increasing the representation of marginalised groups in line with its Employment Equity Plan. Persons with disabilities are encouraged to apply.

Requirements

• An actuarial student who has obtained an appropriate Bachelor’s Degree in Actuarial Science and who is actively pursuing their studies and who has 
• passed the A100 and A200 series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects. 
• The student must have at least 5 years’ working experience. Must have working knowledge of the Pension Funds Act and related regulation. 
• A FASSA qualification will be advantageous.