Actuarial Specialist

Description

• The purpose of this job is to support the Actuary in providing specialist actuarial support and advice to the supervisory divisions in carrying out supervisory and regulatory work as enshrined in the core mandate of NAMFISA
• In addition, the Actuarial Specialist shall be assigned any other work covering research, statistics and policy matters to which his/her professional skills are deemed relevant or appropriate by the Actuary

Duties

• Risk assessment through on-site and off-site inspections
• Data management (statistical update, data capturing, general administration, financial returns, financial information)
• Assess documentation for recommendation to the Senior Financial Analyst
• Prepare consolidated statistical reports on the performance of regulated institutions
• Enforce compliance by verifying and monitoring whether the business is being conducted in accordance with the relevant legislation
• Stakeholder engagement
• Participate in Consumer Education interventions
• Maintain the regulatory and supervisory framework by researching on international best practice principles and making recommendations on the course of action
• Innovation
• Categorization of entities in terms of Supervisory Ladder of Intervention on Quarterly basis

Requisites

• Qualifications and Experience:
• Bachelor’s degree in Actuarial or any relevant Degree with a Quantitative Major
• 3 - 5 years’ experience in a financial environment
• Making significant progress with Actuarial professional exams with either ASSA or IFOA or any equivalent board including a pass/exemption in Actuarial Risk Management, and preferably all of the CT’s (or equivalent subjects)
• Knowledge Of:
• NAMFISA’s mission, objectives, functions, processes and systems
• Actuarial core technical subjects
• Actuarial Risk Management
• Non-banking financial sector
• Quantitative methods to assess risk
• Regulation and supervision of financial services
• Skills:
• Governance, risk management, compliance and information/knowledge management
• Quality assurance
• Continuous improvement
• Project Management
• Stakeholder engagement
• Research
• Actuarial Analysis
• Macro-prudential analysis
• Micro-prudential and market conduct analysis
• Legislative, regulatory, and supervisory fluency
• Business writing
• Records management
• Manage delivery

Notes

• Only shortlisted applicants will be contacted
• Remuneration: NAMFISA offers a market-related total cost to company package based on work experience and qualifications
• The package includes retirement and medical aid benefits
• As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply
• Please note that certified copies of qualifications and identification documents should be attached to your application
• No faxed applications will be accepted
• NAMFISA reserves the right not to make an appointment in this position
• We encourage energetic, dynamic and results-driven team players to forward their applications

How to Apply

1. Documentation

• Cover Letter
• Curriculum Vitae
• Certified Copies of Qualifications
• Certified Copies of Identification Documents

2. Application

• Send your Documentation to Human Resources at hr@namfisa.com.na with the Subject line “Actuarial Specialist”
• Indicate the source of this job post: working.co.na