Associate Actuarial Analyst

Reference: JHB000065-MK-1

A leading financial organisation is seeking to appoint an Associate Actuarial Analyst. The main purpose of the role is to support the Prudential Authority (PA) in fulfilling its responsibilities relating to the supervision and regulation of life actuarial risks within insurance entities.

The successful candidate will perform operational duties involving both on-site and off-site analysis and form part of a team of risk specialists within the PA, providing specialist knowledge, skills and expertise in life actuarial risk management. The position is based in Pretoria. Duties & Responsibilities 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 life insurers; and
  • participation in on-site visits to life insurers.
• Scrutinise and check the compliance of submissions by 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 life insurance industry

Additional requirements include:
knowledge of:

• the Solvency Assessment and Management (SAM) structure;
• the Insurance Act 18 of 2017;
• the Prudential Standards; and
• 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 Head Office in Pretoria and the offices of supervised entities that are generally outside of Pretoria.