About this role
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
scrutinising the financial soundness of non-life insurers;
- participation in on-site visits to non-life insurers.
- Scrutinise and check the compliance of submissions by non-life insurers.
- Assist in maintaining the statutory returns required by regulated entities.
- Participate in projects initiated within the PA and industry forums.
- Develop and test systems and procedures for internal use.
- Maintain and upgrade databases.
- Participate in and execute projects initiated within industry forums.
- Transfer knowledge and skills to stakeholders, both inside and outside of the PA.
Job requirements
To be considered for this position, candidates must:
- hold a relevant Postgraduate degree in Actuarial Science;
- be actively pursuing studies and ideally have passed or been exempted from at least two 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
- have two to five years’ relevant working experience in the non-life insurance industry.
Additional requirements include:
- knowledge of:
- the Solvency Assessment and Management (SAM) structure;
- the Insurance Act 18 of 2017;
- the Prudential Standards;
- the risks that insurers take.
- ability to understand complex financial models;
- competence in Microsoft Office software packages (including programming skills);
- ability to deal professionally with internal and external clients;
- proficiency in verbal and written communication;
- ability to perform under pressure without compromising quality;
- ability to work independently and within a team;
- ability to influence, build and maintain relationships;
- good interpersonal skills;
- analysing and problem-solving skills; and
- reliable own transport, as the position requires travel between the SARB’s Head Office in Pretoria and the offices of supervised entities that are generally outside of Pretoria.