Actuary

Description

• The purpose of the job is to provide 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 Actuary 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 General Manager: Research, Policy and Statistics (RPS)
• DIVISION: RESEARCH, POLICY AND STATISTICS
• THE POSITION REPORTS TO THE GENERAL MANAGER: RESEARCH, POLICY AND STATISTICS

Duties

• Provide actuarial support and advice to the supervisory divisions on long-term and short-term issues concerning both solo institutions and relevant industry groups
• Provide support in the review of policy statements, standards, regulations and bills, where deemed relevant
• Provide support in proposing changes and reform developments to legislation and subordinate legislation (such as regulations, standards, board notices, directives and circulars) to supervisory divisions
• Evaluate and monitor internal systems and procedures to ensure that the objectives of the supervisory divisions and NAMFISA at large are achieved prudently and with integrity
• Represent NAMFISA in initiatives within the industries supervised at the request of the General Manager: RPS, the Chief Executive Officer, or the Registrar
• Provide advice to supervisory divisions on matters having an actuarial impact
• Provide professional advice on interpretation and application of relevant legislation

Requisites

• Qualifications & Experience:
• Qualified Actuary with any recognised international body or association (e.g. Fellow of the Actuarial Society of South Africa, Fellow of the Institute of Actuaries), plus at least 3 years’ relevant working experience
• Or
• Near Qualified Actuary (left with 1 to 3 subjects to become a Fellow), with at least 5 years’ experience in actuarial support
• Knowledge of:
• Actuarial core technical and application subjects;
• Non-banking financial sector;
• Quantitative methods to assess risk;
• Regulation and supervision of financial services
• International developments in financial services regulation including Basel III and Solvency II.
• Skills:
• Strategic Direction and Business Planning
• Governance, risk management, compliance and information/knowledge management
• Stakeholder engagement
• Research
• Actuarial Analysis
• Macro-prudential analysis
• Micro-prudential and market conduct analysis
• Legislative, regulatory and supervisory fluency

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
• ONLY persons with disabilities may apply via the National Disability as follows: Ms. M. Katjinamunene – magdelena.katjinamunene@mgepesw.gov.na OR Ms. M. Ndengu – maria.ndengu@mgepesw.gov.na
• 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 “Actuary”
• Indicate the source of this job post: working.co.na