Vacant Positions at Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)

KEY ACCOUNTABILITIES, MEASURES & INTERFACES

Operational Delivery

• Lead the actuarial and pricing team, fostering technical expertise and professional growth.
• Oversee the calculation of and review monthly reserving.
• Maintain the integrity of actuarial and valuation data.
• Oversee the calculation of regulatory and economic capital requirements.
• Oversee actuarial input into capital strategy, including capital adequacy targets, capital optimisation and solvency monitoring.
• Oversee actuarial input of IFRS 17 technical provisions and related disclosures.
• Prepare and sometimes present actuarial matters to the Executive Committee, Board and Board Committees.
• Develop and maintain actuarial reserving and capital models, and pricing models.
• Set premium rates that reflect expected losses, appropriate expense loadings and profit margins relative to the capital requirements.
• Ensure models are well-documented, regularly calibrated, validated, and fit for decision-making.
• Make recommendations on changes needed for reserving, capital management and pricing related policies, processes and procedures.
• Comply with key regulatory and risk management procedures/frameworks.
• Ensure that the pricing methodologies are adequate with due consideration to industry practices and international benchmarks such as the OECD guidelines on the pricing of export credit insurance.
• Maintain and oversee the actuarial model governance, including model validation, change control, documentation standards and independent review.
• Oversee the Corporation’s Asset–Liability Management (ALM) framework, including providing actuarial input data, validating assumptions and results produced by external ALM consultants, and assessing implications for capital management and risk appetite.
• Ensure ALM outputs are appropriately reflected in capital management, ORSA, and strategic decision-making.

Own Risk and Solvency Assessment (ORSA) process

• Contribute to the development and implementation of the Own Risk Solvency Assessment (ORSA).
• Provide actuarial input into the design and optimisation of the reinsurance programme, including assessing capital efficiency, risk transfer effectiveness and pricing implications..
• Collaborate with other units (Economists, Underwriters, and Risk Managers) to align actuarial projections and analyses with broader Corporation’s goals and risk appetite.
• Ensure maintenance of ORSA documentation.
• Develop with other units stress-tests, and model the solvency impact under such scenarios.

Key Measures

• Quality of actuarial reserve reports (accuracy and appropriate incites on reserve movements).
• Updated models and policies.
• Evidence of the adequacy and effectiveness of premium and reserving policies.

Key Interfaces

• ECIC functions especially Finance, Risk, Portfolio Management Workout, Political Analysis and Economic Research and Underwriting.
• ECIC Executives and Heads of Units.
• Various Management and Board committees.
• Regulatory Stakeholders.

QUALIFICATIONS AND EXPERIENCE

• Must have a relevant Bachelor’s degree and be a qualified actuary or nearing qualification (Technical Member, Associate or Fellow) with the Actuarial Society of South Africa or an equivalent international actuarial body. Fellowship will be advantageous.
• Minimum 10 years actuarial experience across reserving, capital management and pricing
• Extensive experience in Microsoft Office packages e.g. Word; Excel and Power-Point.
• Experience with actuarial modelling tools and programming languages (e.g. VBA, R, Python, SQL)

Closing Date: Friday, 3rd April 2026

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KEY ACCOUNTABILITIES, MEASURES AND INTERFACES

Procurement

• Procuring goods and services for ECIC in line with the provisions of the Public Finance Management Act (including their Regulations), the Preferential Procurement Policy Framework Act (including their Regulations) and institutional procurement policy.
• Assist in demand and planning administration.
• Procurement compliance and governance administration, including reporting.
• Capture, maintain and submission of procurement statutory reports to National Treasury.
• Supplier and logistics administration.
• Monthly collation of invoices and submission to finance
• Follow up to ensure all purchase orders are accurately captured for the month .
• Assist with administering all contracts for the supply of goods and services and ensure all conditions are being met.
• Administer procurement risk register.
• Administration of procurement records.

Travel

• Schedule travel arrangements according to ECIC Travel Policy and applicable Treasury Instructions.
• Ensure timeous preparation of the travel budget.
• Maintain costs and work within established travel budgets.
• Manage and oversee relationships with the appointed Travel Management Company and other travel service providers.
• Conduct travel analytics and prepare travel management reports.
• Reviewing invoices against bookings and communicating bookings to travelers as required.
• Track travel spend against budget by keeping a record of travel undertaken and costs incurred, confirming invoices and keeping track of the budget balance available annually.
• Ensure timeous processing of invoices and that the travel credit card has sufficient funds and is reconciled to invoices.
• Safeguarding and reconciliation of travel petty cash.
• Manage and respond to customer service issues with all levels in the organization in a timely and effective manner.
• Conduct comprehensive and on-going reviews of the travel operations and travel policy to identify and improve process efficiencies and improve the traveler experience.
• Perform other duties as assigned.

QUALIFICATIONS AND EXPERIENCE

• Bachelors degree or Advanced Diploma (B. Tech) in supply chain management, finance or equivalent.
• At least two years’ working experience in public procurement or supply chain management environment.
• Working knowledge of the Public Finance Management Act in so far as it relates to public procurement/supply chain management (including its regulations), and Preferential Procurement Policy Framework Act (including its regulations), and Broad Based Black Economic Empowerment Act.
• Knowledge of MS Dynamix 365will be advantageous.

Closing Date: Wednesday, 25th March 2026