806) Lead Actuarial Analyst

1 week ago

Pretoria, South Africa South African Reserve Bank Full time

**Brief description**

The purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of actuarial risks in insurance entities. One position is for life actuarial and one position for non-life actuarial and 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 and non-life actuarial risk management area.

**Detailed description**
- Lead, develop and provide specialist actuarial support with regards to technical provisions reviews.
- Lead, develop and provide specialist actuarial support with regards to further refinements of the SAM framework.
- Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:

- scrutinising the financial soundness of life and non-life insurers;
- participation in on-site visits to insurers; and
- the consideration of internal model approvals.
- Scrutinise and check the compliance of submissions by 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.
- 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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