The successful candidate will be responsible for the following key performance areas:
Review, analyse and evaluate non-life insurers' own risk and solvency assessment process.
Analyse and interpret risk-based regulatory returns for non-life insurers.
Conduct research and provide input into the regulatory framework in line with international best practice.
Interpret and develop amendments to the legislative framework, based on international best practices.
Contribute towards the international capital framework working committees.
Develop and implement the supervisory review and evaluation process, in line with international best practice.
Qualifications
To be considered for this position, candidates must be in possession of:
a Postgraduate qualification in Insurance, Actuarial Science, Risk Management, Finance or an equivalent qualification (NQF 8);
a minimum five years' job-related experience in the non-life insurance sector or in risk management of non-life insurers;
a good progression in actuarial subjects.
The following would be an added advantage:
an Honours qualification in any of the aforementioned, an ASSA Associate (or equivalent credentials) designation, or a risk management designation such as PRM or FRM, and practical experience in a financial and/or business and/or regulatory environment
knowledge of, or experience in climate risk related aspects.
Additional requirements include:
ability to travel as and when required;
knowledge of, and experience in, financial, non-life insurance products, regulations or risk models;
being conversant in the second Pillar of the regulatory framework at both theoretical and practical levels;
keeping abreast of best practice in capital management;
being conversant in the Insurance Act 18 of 2017 and its Prudential Standards as well as the information for
supervisory purposes submitted by the insurance industry;
an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
a high level of knowledge, skills and experience in relevant areas of specialization;
ability to work in a team and independently;
effective time management skills;
proficiency in verbal communication;
competence in written communication; and
proficiency in Microsoft Office software packages.