Junior Analyst (Insurance & Pensions Supervision)

About the Department

The Insurance and Pensions Supervision function is responsible for the prudential supervision of insurance companies, insurance intermediaries, retirement schemes, retirement funds and retirement service providers. The team employs professionals with a varied background and varied skills in the areas of insurance, pensions, accounting, legal, quantitative analysis, actuarial, compliance and other related areas.

About the Role

You will be joining the Actuarial team and undertake duties of an analytical nature in relation to information required for regulatory purposes in the area of insurance and pensions. Reporting to the Senior Actuary within the Insurance & Pensions Supervision function, you will be expected to carry out the following tasks:

• Analysis of Solvency II Quarterly Reporting Templates (QRTs) submitted by license holders (LHs), following a risk-based approach;
• Analysis of Own Risk and Solvency Assessments (ORSAs) Reports for selected LHs;
• Participation in on-site/off-site reviews of individual LHs;
• Work on creation of Dashboards with risk management information;
• Taking an active role in the Authority's continuous strive for improved quality of data provided by LHs;
• Providing ongoing support to other teams (Finance, Authorizations, Compliance, Legal) within the function for analytical and deep-dive technical support. This may relate to profit distribution requests, data related queries, analysis of QRTs of prospective new LHs etc;
• Taking part in EIOPA Working Groups and compiling/coordinating questionnaires and information requests as part of MFSA's reporting obligations to EIOPA and other international organisations;
• Other ‘ad hoc' assignments.

About You

We are looking for candidates with interest in the financial services area.

The role calls for an academic qualification in the relevant field of study at National Qualification Framework Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.

If you do not have the necessary academic or professional qualifications but you have at least five (5) years working experience, we would still be interested in speaking with you. Candidates with longer working experience relevant to the role will be preferred.

Ideally you will be:

• Interested in a career within financial services, ideally be interested in becoming an actuary;
• Hardworking and diligent in carrying out your duties;
• Show eagerness to collaborate with other team members to develop analytical skills and best practices;
• Willingness to learn on the job about insurance concepts, and risk management practices;
• Proficient user of Microsoft Excel;
• Knowledge on SQL, VBA, and statistical packages considered a plus