Underwriting Audit Specialist at Santam Insurance

What will you do?

A position of Underwriting Audit Specialist exists in Santam Corporate Services to be based in Alice Lane Sandton, Gauteng. The purpose of the role of the audit specialist is to a play a significant role in delivering on the internal audit charter and improving the governance, risk management and control in the Santam Group. This role will therefore form part of the specialist underwriting assurance team within Group Internal Audit and will be responsible for specific underwriting and reinsurance related assurance work in Santam Limited, MiWay, Centriq, SSI and Sanlam Pan Africa.

What will make you successful in this role?

• Perform objective audit reviews within the underwriting and reinsurance processes at Santam Ltd, its subsidiaries, portfolio managers and underwriting agencies;
• Assist with audit planning in terms of assignment objectives and scope of work; 
• Responsible for audit execution, reporting in an effective and timely manner and follow-up processes; 
• Advise on practical recommendations;
• Follow up on audit issues raised and provide input into the reports to the Santam Audit & Risk committee and other governance structures as required; 
• Maintain quality standards in terms of the audit methodology, approach and documentation of work performed; and
• Building relations with partners and various key stakeholders.

Qualification, Knowledge and Experience

• Short Term Insurance certification or degree
• 5 to 7 years short term insurance knowledge, specifically in corporate and commercial insurance and reinsurance;
• Working knowledge and understanding of reinsurance treaty and facultative processes and accounting; 
• Understanding of an outsourced business model; and
• Experience in performing underwriting and reinsurance reviews would be advantageous.

Skills

• Knowledge of personal lines, commercial products and other business processes including reinsurance;
• Working knowledge of legislation, regulations applicable to the financial industry (FAIS, STIA, as well as all supporting prudential and conduct governance standards);
• General knowledge of various software applications used in insurance processes;
• Facilitation skills and ability to influence individuals, groups and teams;
• Strong verbal and written communication skills;
• Stakeholder management skills;
• Influencing and negotiation skills;
• Excellent interpersonal, communication and networking skills across all levels;
• Strong integrity and dealing with confidentiality; 
• Report writing skills; 
• Professionalism, excellent judgement, use of discretion and problem-solving abilities; 
• Ability to work and make decisions independently; and 
• Influencing/ Gaining Commitment. 

Core Competencies

• Cultivates innovation - Contributing through others
• Customer focus - Contributing through others
• Drives results - Contributing through others
• Collaborates - Contributing through others
• Being resilient - Contributing through others