(1013) Senior Actuarial Analyst needed at South African Reserve Bank

Detailed description

The 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; and 
• 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 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 be in possession of:

• have a relevant Postgraduate degree in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from all part A1 and part A2 subjects plus the A301 subject of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• eight to ten years’ relevant working experience, preferably in the life insurance industry.