Corporate Insurance Manager at South African Post Office

Key Responsibilities

•  Procuring, Registering, Management and Maintenance of a Cell Captive
•  Proficient in SAM (Solvency Assessment and Management) or Solvency II
•  Knowledgeable on placement of Reinsurance
•  Implement and control claims policies, processes and procedures
•  Manage salvage and auction operation for optimal returns
•  Research, develop and maintain the insurance policies to ensure growth and sustainability
•  Gather management information (analytical intelligence) and compile relevant management reporting
•  Analyse and evaluate risks for underwriting of insurance business opportunities
•  Manage and facilitate the insurance placement process to align with the insurance needs of the bank in a cost effective manner
•  Develop and coordinate the creation and execution of the Postbank Insurance strategy
•  Manage relationships with various stakeholders including suppliers
•  Establish risk and prevention measures and recommend / monitor corrective action
•  Knowledgeable in the development of Wealth/Bancassurance offerings
•  Continuously evaluate trends and implications to inform decision-making relating to products and services
•  Conform to segregation of duties to adhere to accepted Insurance best practise
•  FAIS Representative – completion of risk assessments and appropriate as per FAIS Act
•  Ensure the efficient management of function / resources and reporting in accordance with the stipulations of the PFMA, company specific policies and regulations, national legislation, fraud prevention and risk management principles, Corporate Governance, Skills development, Delegation of Powers, etc.

Minimum Requirements
Qualifications:

• Bachelor’s degree qualification, E.g. Risk Management

Experience:

• Minimum of 5 years’ experience in the Corporate insurance field of which 3 years in a supervisory role. Insurance
• Board Exam written every 3 years for Representatives. Insurance experience in a banking environment will be beneficial.

Knowledge, Skills and Attributes

• General legislative framework pertaining to the Risk Management environment (E.g. PFMA, King 11, etc)
• Risk, loss ratio, insurance and underwriting principles, claims dynamics and auction processes
• Insurance markets/principles
• Business models
• Knowledge of various models
• Legal recovery
• Relevant statutes, rules and regulation
• Concept of customer satisfaction
• Strategy development, deployment, planning and communications
• Project management (principles, practices, techniques and tools)
• Organisational development, management techniques and good business practices. Financial Management
• Value Chain Management
• Risk and Compliance management