Associate Actuarial Analyst

2 weeks ago

Pretoria, Gauteng, South Africa South African Reserve Bank Full time

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 Description
  • Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
-o scrutinising the financial soundness of life insurers;
-o participation in on-site visits to life insurers; and
-o the 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 daabases.
  • Participate in and execute projects initiated within industry forums.
  • Transfer knowledge and skills to stakeholders, both inside and outside of the PA.
  • Job Requirements
- have a relevant Bachelor's degree in Actuarial Science;

- two to five years' relevant working experience, preferably in the 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 and within a team;
good interpersonal skills; and
proactive problem-solving skills.

  • Job related skills and knowledge:
  • Solvency Assessment and Management (SAM) experience;
computer literacy (preferably including programming skills);
ability to understand complex financial models; and
ability to deal professionally with internal and external clients.

  • Additional requirements are as follows:
knowledge of the Insurance Act 18 of 2017;
knowledge of the Prudential Standards;
knowledge of the risks that insurers take;
ability to influence, build and maintain relationships; and
reliable own transport, as the position requires travel between the PA's temporary offices in Irene and the offices of supervised entities that are generally outside of Pretoria.

  • How To Apply
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-**The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his or her competence and experience.
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