Specialist Analyst : Insurers Supervision Department (Pretoria)

Job title: Specialist Analyst: Insurers Supervision Department (Pretoria)

Job Location: Gauteng, Pretoria

Deadline: May 25, 2025

Purpose Of The Job

• To provide in-depth subject matter expertise relating to the Long-term Insurance Act 52 of 1998, Short-term Insurance Act 53 of 1998, Financial Sector Regulation Act 9 of 2017, and Insurance Act 18 of 2017 (insurance legislation), to supervise compliance with the provisions of insurance legislation.
• The persons appointed to this position will report to the Manager.

Key Performance Areas

• Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary.
• Coordinate, plan, and conduct thematic, full market conduct on-site inspections, including direct engagements with supervised entities, in line with the risk-based supervision approach and departmental objectives.
• Report findings and recommend corrective actions where feasible.
• Conduct research and provide specialist technical advice within the department and to external stakeholders.
• Liaise and collaborate with relevant departments, especially when entities are supervised by multiple departments.
• Adhere to department policies and service level agreements.
• Manage and coordinate technical projects within the department.
• Provide strategic and technical support for developing a framework for conduct of business supervision.

Other Key Competencies

• Ability to analyze high volumes of data, attention to detail, effective communication skills, proactive approach, independence, problem-solving skills, strong administration and interpersonal skills, emotional intelligence, customer relations skills, persuasiveness, and computer literacy.

Minimum Requirements

• A degree in Law or Insurance Risk Management, with at least 5 years’ experience in an insurance technical, compliance, or risk management role.
• Strong knowledge of the financial services and insurance industry.
• Experience in compliance or risk management within an insurer is advantageous. Certification in Compliance or Risk Management is preferred.