Associate Actuarial Analyst

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Location: Pretoria

Closing date: 14 January 2022

Brief description

The purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of non-life actuarial risks in insurance entities. The successful candidate will be involved in operational duties associated with on- and off-site analysis and will be part of a team of risk specialists in the PA who are responsible for providing specialist knowledge, skills and experience in the non-life actuarial risk management area.

Detailed description

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

Supervision

  • Provide actuarial support concerning both solo and group entities, this includes but is not limited to:
  • scrutinising the financial soundness of non-life insurers;
  • participation in on-site visits to non-life insurers;
  • consideration of internal model approvals;
  • Scrutinise and check compliance of submission by the non-life insurers’ actuaries;
  • Assisting in maintaining the statutory returns required of regulated entities.
  • Participate in projects initiated within the PA and Industry forums
  • Developing and testing systems and procedures for internal use;
  • Maintain and upgrade databases;
  • Participate in and execute projects initiated within industry forums; and
  • Transfer knowledge and skills to stakeholders both inside and outside the PA.

Job requirements

To be considered for this position, candidates must:

  • hold a relevant degree in Actuarial Science;
  • be actively pursuing studies and ideally have passed, or been exempted from at least 2 A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
  • two to five years relevant working experience, preferably in the non-life insurance industry.

The following would be an added advantage:

  • Good communication (verbal and written) skills;
  • Ability to perform under pressure without compromising quality;
  • Ability to work independently or within a team;
  • Good interpersonal skills;
  • Proactive problem-solving skills;
  • SAM experience;
  • Computer literacy (preferably including programming skills);
  • The ability to understand complex financial models; and
  • The ability to deal professionally with internal and external clients.

Additional requirements are as follows:

  • Knowledge of the Insurance Act, 2017;
  • Knowledge of the Prudential Standards;
  • Knowledge of the risks that insurers take; and

Should you meet the requirements as set out above, please e-mail your CV to  recruitment@globaletalent.co.za