The successful candidate will be responsible for the following key performance areas with the support of a senior analyst in discharging the following responsibilities:
Process notifications and applications of a financial and non-financial nature, and make recommendations in terms of the Insurance Act 18 of 2017 for approval or decline.
Prepare and implement the supervisory plans of allocated insurers or insurance groups (i.e. insurers with a lower risk profile).
Supervise insurers and insurance groups within the allocated portfolio through a combination of on-site and off-site supervisory tools, focusing on quantitative and qualitative information, to identify and assess risks and to propose mitigating actions.
Prepare for and attend on-site visits and participate in engagements under the guidance of a senior analyst/manager.
Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
Liaise with and provide appropriate feedback to internal and external stakeholders after consultation with the manager
Qualifications
To be considered for this position, candidates must be in possession of:
a postgraduate qualification (NQF 8) in finance, accounting, insurance, actuarial science or risk management; and
at least two years' experience in the insurance sector, or insurance-related experience in the wider finance sector or risk management environment.
Job-related skills and attributes:
problem-solving and analytical skills;
teamwork
financial and business acumen;
attention to detail;
verbal and written communication skills;
time management skills;
the ability to maintain confidentiality; and
building and maintaining relationships.
Job-related knowledge:
financial sector knowledge, specifically of the insurance industry
knowledge of corporate governance and risk management practices and standards; and
knowledge of IAIS principles, insurance standards and relevant legislation