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Underwriting Specialist

Closing Date2024/07/25
Reference NumberSAS240708-3
Job TitleUnderwriting Specialist (12 Months)
Job TypeFixed Term Contract
DivisionInsurance Operations
DepartmentStrategy and Underwriting
EE Occupational LevelsLevel 6: Specialists
Location – Town / CitySandton
Location – ProvinceGauteng
Location – CountrySouth 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

  1. 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.

  1. 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.

  1. 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.

  1. Risk management

Identify risks and emerging risks.
Contribute in establishing required controls to mitigate operational risk.
Participate in risk committee.

  1. Financial

Contribute in compiling budgetary requirements.
Control the departmental budget ensuring expenditure remains within the set parameters.

  1. Perform ad hoc tasks

Perform any reasonable tasks as and when required by the Line Manager.

Senior Internal Auditor

Closing Date2024/07/30
Reference NumberSAS240709-1
Job TitleSenior Internal Auditor
Job TypePermanent
DivisionCEO’s Office
DepartmentInternal Audit
EE Occupational LevelsLevel 6: Specialists
Location – Town / CitySandton
Location – ProvinceGauteng
Location – CountrySouth 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

  1. 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

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

Click here to apply

All the best with your applications.

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