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Underwriting Specialist
| Closing Date | 2024/07/25 |
| Reference Number | SAS240708-3 |
| Job Title | Underwriting Specialist (12 Months) |
| Job Type | Fixed Term Contract |
| Division | Insurance Operations |
| Department | Strategy and Underwriting |
| EE Occupational Levels | Level 6: Specialists |
| Location – Town / City | Sandton |
| Location – Province | Gauteng |
| Location – Country | South Africa |
Job Advert Summary
- The Underwriting Specialist will implement underwriting rules and regulations and assist with training.
- Contribute in the development and drive of the departmental strategy.
- Conduct market analysis in order to analyse industry needs and contribute towards the development of new products and enhancement of existing ones through interactions with the market
Minimum Qualifications:
- Higher Certificate in Short-term Insurance
- RE 5
- Advantageous Tertiary qualification (Bcom degree or similar)
Minimum Experience:
- 5 to 7 years’ experience in short term insurance (Corporate and Commercial underwriting).
Please note that preference will be given to people with disabilities.
Duties and Responsibilities
- Strategic Alignment
Participate in the setting up of departmental strategy.
Contribute in the development and drive of the departmental strategy.
Conduct market analysis in order to analyse industry needs and contribute towards the development of new products and enhancement of existing ones through interactions with the market.
Implement departmental policies and procedures.
Contribute towards the annual Sasria product training plan.
- Underwriting function
Reviewing terms and conditions of products.
Contribute in the review of regulations and policy wordings to ensure they remain relevant and up to date.
Monitor and report on the loss ratio movement per class of business (Portfolio Analysis).
Monitor and report multi claimants.
Handle queries and provide technical assistance to our brokers and Agents through visits.
Continuously review product information on our website to ensure its relevance.
Participate in monthly operations reporting on financial and operations.
- Training function
Assist in compiling training material (manuals & presentations).
Assists in the review product information to ensure its relevance.
Contribute to the dissemination of product information to the market.
- Risk management
Identify risks and emerging risks.
Contribute in establishing required controls to mitigate operational risk.
Participate in risk committee.
- Financial
Contribute in compiling budgetary requirements.
Control the departmental budget ensuring expenditure remains within the set parameters.
- Perform ad hoc tasks
Perform any reasonable tasks as and when required by the Line Manager.
Senior Internal Auditor
| Closing Date | 2024/07/30 |
| Reference Number | SAS240709-1 |
| Job Title | Senior Internal Auditor |
| Job Type | Permanent |
| Division | CEO’s Office |
| Department | Internal Audit |
| EE Occupational Levels | Level 6: Specialists |
| Location – Town / City | Sandton |
| Location – Province | Gauteng |
| Location – Country | South Africa |
Job Advert Summary
The Senior Internal Auditor will perform complex level internal auditing work.
Leads or conducts performance, financial, and compliance audit projects and provide consulting services to the Company’s management and staff, and Sasria’s agent companies.
Provides training and coaching to internal audit staff.
Minimum Qualifications:
- B.Com (auditing) or equivalent three year qualification.
- Postgraduate qualification and/or a graduate degree in (Internal Auditing, computer science, Accounting, Risk Management or any or a related field).
- Certification as a CIA/CA(SA) CPA/CISA or any related field.
Ideal:
- Insurance industry experience.
Minimum Experience:
- At least four years of full-time experience in auditing (auditing, accounting, risk management) (all or a combination).
- Team supervision experience.
Please note that preference will be given to people with disabilities.
Duties and Responsibilities
- Sasria Departments or Agent / intermediaries or other third party (outsourced) service providers
Provides input to the development of the internal audit strategic plan and annual audit plan.
Performs complex level professional internal auditing work for both the Company and for the Company’s External Agent/ intermediaries and other outsourced functions:
Financial
Operational
Compliance and Governance
Risk Management audit projects.
Provide consulting services through:
Audit recommendations
Participation during CSA or Risk Management sessions
Consulting engagements
Ad hoc projects
- Technical auditing
Identify and evaluate the Company’s risk areas and provides key input to the development of the annual audit plan.
Perform audit procedures, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documenting client processes and procedures.
Conduct interviews, reviews documents, develops and administers surveys, composes summary memos, and prepares working papers.
Identify, develop, and document audit issues and recommendations using independent judgement concerning areas being reviewed.
Communicate or assists in communicating the results of audit and consulting projects via written reports and oral presentations to management and the board of directors.
Develop and maintain productive client and staff relationships through individual contacts and group meetings.
- Policy and procedure development
Provides input on the improvement of strategic audit plan and annual plan.
Continuously review and revise the audit procedure manual.
Represent internal audit on:
Company project teams.
Internal company staff committee meetings (on request, e.g. EE committee, Health and Safety committee meetings).
Company management meetings.
External assurance providers or organisations.
- Financial/Operational budget
Provide input into the operational budget for i.e.:
The travelling, and subscriptions budget.
The training budget for direct subordinates.
Specific audit projects’ budgets.
- Staff supervision and support
Provides constructive and value add input into the staff PDP’s:
Ensure that annual performance objectives are set and understood by internal auditor staff.
Assists in identifying the development areas and career development plans in place for internal auditor staff.
Identify resourcing needs and participate in the recruitment of staff.
Drive own performance development plan and career development plan.
Work effectively in a professional team environment.
Review of staff members work and provide oversight during audit projects.
Assist to ensure that the working environment contributes to improving staff morale and increased productivity.
- Perform ad hoc tasks
Perform any reasonable ad hoc tasks as and when required by the Senior Internal Audit Manager i.e. to conduct a gap-analysis.
All the best with your applications.
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