The purpose of this position is to realise the responsibilities of the Prudential Authority (PA)
in respect of the supervision and regulation of non-Life actuarial risks in insurance entities
by being involved in operational duties associated with on- and off-site analysis and being
part of a team of risk specialists in the PA responsible for providing specialist knowledge,
skills and experience in the Non-Life actuarial risk management area.

Detailed description
The successful candidate will, among other things, be responsible for the following key
performance areas:
Provide actuarial support concerning both solo and group entities, which includes
scrutinising the financial soundness of non-Life insurers, participation in on-site visits
to non-Life insurers, and the consideration of internal model approvals.
Scrutinise and check the compliance of submissions by non-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:
Have a relevant Bachelor’s degree in Actuarial Science;
Be actively pursuing studies and ideally have passed or been exempted from at least
the A1 (Foundation Technical) and A2 (Intermediate Technical) subjects of the
Actuarial Society of South Africa – credit will also be given for passes in any of the
more advanced subjects, specifically A311 (Actuarial Risk Management); and
3.5 to 8 years’ relevant working experience, preferably in the non-Life insurance industry.

Job related attributes:
Good communication (verbal and written) skills
Ability to perform under pressure without compromising quality

Ability to work independently and within a team
Good interpersonal skills
Proactive problem-solving skills

Job related skills and knowledge:
Solvency Assessment and Management (SAM) experience.
Computer literacy (preferably including programming skills). Ability to understand complex financial models; and
Ability to deal professionally with internal and external clients. Additional
requirements are as follows:
Knowledge of the Insurance Act 18 of 2017.
Knowledge of the prudential standards.
Knowledge of the risks that insurers take; and
Reliable own transport as the position requires travel between the PA’s offices in
Pretoria and the offices of supervised entities that are generally outside of Pretoria.