Senior Analyst - Insurers Supervision Department at FSCA South Africa

Purpose of the Job:

• To monitor compliance with insurance legislation, to conduct investigations relating to insurance business and to ensure a sound and efficient insurance industry. The person appointed to this position will report to the Manager.

Key Performance Areas:

•  Liaise with the public and other stakeholders when receiving complaints or enquiries;
•  Investigate complaints and enquires within the required departmental turnaround times;
•  Monitor compliance with legislation to ensure the protection and fair treatment of policyholders;
•  Participate in on-site inspections to insurers to establish compliance with insurance legislation; best practice   and market conduct related issues;
•  Manage relationships with insurers assigned in the portfolio; 
•  Perform administrative and other activities relating to the regulatory framework as may be required; and
•  Assist the department with projects that the department is working on. 

Closing Date: 4 August 2023

Requirements

• A B. Com or law degree with at least 5 years relevant work experience in the insurance industry. Sound knowledge and understanding of the Insurance Acts and the insurance industry related operational requirements are essential. A Compliance and/or Risk Management background is needed