(1286) Junior Insurance Analyst -FCSD Job in South African Reserve Bank

(1286) Junior Insurance Analyst Fcsd

Pretoria, GP, ZA, South Africa

https://www.mncjobs.co.za/company/south-african-reserve-bank

Job Description

Brief description

To perform prudential oversight of insurance companies through a combination of off-site and on-site monitoring and supervision to ensure financial soundness and sound governance of insurance entities.

Detailed description

The successful candidate will be responsible for the following key performance areas with the support of a senior analyst in discharging the following responsibilities:

Implement supervisory plans of allocated insurers or insurance groups (i.e. insurers with a lower risk profile and a risk rating of Limited or No Concern). Monitor the financial soundness of insurers and insurance groups through the analysis of their monthly, quarterly and annual submissions (both quantitative and qualitative). Process notifications and applications, and recommend approval or decline of financial and non-financial applications. Regularly update and or prepare the initial -Risk Assessment document (RAD) for an insurer and insurance group taking into account the operational structure, business model, financial information, governance and Own Risk and Solvency Assessment (ORSA) and including his/her recommendations to close gaps. Prepare packs for on-site visits. Attend on-site visits and participates in engagements under the guidance of a senior analyst/manager. Draft memoranda and reports relating to on-site visit outcomes, including his/her recommendations. * Maintain databases and records of all relevant information on insurers and insurance groups within portfolio.

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