(1786) Junior Insurance Analyst - BISD

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

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

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

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/her competence and experience.