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(1013) Senior Actuarial Analyst

South African Reserve Bank Group

Pretoria

On-site

USD 40,000 - 70,000

Full time

7 days ago
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Job summary

A leading regulatory authority seeks a skilled actuarial expert to support life risk supervision. You will engage in both operational duties and strategic industry projects, ensuring compliance and providing invaluable insights to stakeholders. Join a team where your expertise will enhance life insurance regulation and risk management initiatives.

Qualifications

  • Strong background in actuarial science is essential.
  • Proficiency in regulatory compliance and risk management.
  • Experience in financial scrutiny and internal model approvals.

Responsibilities

  • Scrutinise financial soundness of life insurers.
  • Participate in on-site visits and compliance checks.
  • Develop and test internal systems and processes.

Skills

Actuarial Support
Risk Management
Financial Analysis
Compliance Checking

Education

Actuarial Science Degree

Job description

Brief DescriptionThe main purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of 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 responsible for providing specialist knowledge, skills and experience in the life actuarial risk management area.Detailed descriptionThe successful candidates will be responsible for, among other tasks, the following : Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following : scrutinising the financial soundness of life insurers;participation in on-site visits to life insurers; andthe consideration of internal model approvals.Scrutinise and check the compliance of submissions by life insurers' actuaries.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.

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