Current Job Vacancies at Bryte Insurance

Our opportunity

To ensure all non-operational expenses are processed and paid timeously and accurately in accordance with Brytes contracts, agreements and internal processes, procedures and policies.

Requirements

Key Tasks & Accountabilities

Functional Management

Effective and accurate processing and payment of non-operational expenses

• Ensure correct allocation of payments to correct cost center through adherence to internal processes
• Check all authorizations of invoices by comparing signed invoice with specimen signature
• Ensure all processing and payments are conducted according to statements received, unless otherwise approved by management
• Ensure all statements are authorized by delegated authority
• Verify that all new or renewed contracts are paid and processed in compliance with contracts and systems
• Input all relevant details of statements accurately and timeously
• Ensure and validate accuracy of supplier information (e.g. VAT number of supplier and Bryte)
• Ensure accurate flow of statement processing
• Check for duplication of statements and if detected, take corrective action or escalate
• Ensure only one payment is made per statement
• Gain authorization of payment requests and raise request for payments within timelines
• Ensure cheque requisitions are accurately completed and accompanied with all supporting documentation (e.g. approved statement or authorized invoice)
• Obtain authorization for change of banking details from delegated authority
• If requested, print and fax up date list to suppliers as proof of payment timeously
• Escalate all system emergencies to manager
• Print appropriate supplier driven reports
• Analyse AP analysis and follow up on payments not paid monthly
• Resolve all supplier queries or escalate and follow up to ensure resolution

Effective management of transaction allocation (reconciliations)

• Allocate receipts to all of the various sub systems of Bryte
• Ensure all monies are allocated to the correct business area through the system
• Identify when cheques have passed through the system and ensure that they are traced and loaded within 24 hours
• Liaise with the bank on a daily basis to gather any further information required to process transaction
• Respond quickly to requests, taking care to gather, collate and check the correct information before responding to the client
• Maintain confidentiality in respect of all client information 
• Follow up all queries and transactions until resolved or escalate to the team leader if unable to settle
• Ensure amounts outstanding are not excessive
• Become familiar with deposit action to assist in allocation
• Ensure the allocation of premiums from brokers to debtors accounts is conducted timeously and accurately
• Raise any system errors or enhancements to the team leader to assist in practical application for system users

Effective management of accounts receivable

• Notify bank reconciliation account technicians of any receipt of payments (i.e. collection of over the counter monies)
• Capture receipt information into accounts receivable system
• Print statements and forward to the relevant department (e.g. printing department) to facilitate their maintenance of administrative processes and procedures
• Resolve or escalate queries form internal department

Leadership Accountabilities

• Model behaviours that demonstrate commitment to Bryte’s guiding principles. 
• Take action to manage own personal development and encourage others to do the same

Qualifications & Experience

• Finance qualification
• Minimum 3-5 years’ experience in banking administration

Capabilities

• Analytical
• Financial management
• Collaboration
• Initiative
• Problem solving
• Strategic thinking
• Knowledge sharing
• Effective communication with internal and external stakeholders
• Detail oriented, accurate and organized
• Prioritize tasks and complete duties within a specified time frame

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Our opportunity

The role holder will be responsible to analyse and underwrite new and existing policies effectively within delegated authority limits to achieve agreed levels of underwriting performance by providing technical underwriting support and assistance. To provide high quality service and solutions to brokers and customers to ensure business retention and profitable growth. To provide effective qualitative underwriting and to demonstrate specialized product knowledge.

Requirements

Key Tasks & Accountabilities

• Achieve targeted underwriting profit by assistance and performance of underwriting skills by underwriting medium to high complexity risk
• Growth and retention of business
• Contribute to proposition development
• Provide qualitative service levels to internal and external stake holders
• Teamwork

Qualifications & Experience:

• Grade 12
• Minimum of 3 years technical commercial expertise in underwriting
• FAIS compliant, 60 credits
• Must have RE5

Knowledge:

• Sound understanding and knowledge of South African Insurance/re-insurance market
• Sound knowledge of how to optimise underwriting performance at a policy and portfolio level
• Sound knowledge of statutory and legislative requirements
• Expert technical knowledge and understanding of underwriting principles
• Commercial, Financial and business acumen

Skills

• Good relationship building skills
• Excellent verbal and written skills
• Strong People skills
• Strong Numeracy skills
• Strong underwriting skills
• Strong analytical skills
• Sound interpersonal skills
• Computer literacy : sound Excel skills preferable
• Problem solving

Attributes

• Problem solving
• Technical expertise
• Analysis
• Concern for Excellence
• Customer Service Orientation

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Key Tasks and Accountabilities

General

• Provide pricing services with minimal supervision by a more experienced team member.
• Perform analyses as assigned under the supervision of a more experienced team member.
• Gain and demonstrate increasing mastery of relevant pricing disciplines and procedures.
• Actively pursue actuarial qualification and achieve regular progress in exams.

Pricing specific

• Run, check and maintain monthly data builds as input to various analyses using SAS.
• Help maintain and develop rating tools, templates and rules engines, including testing of new pricing bases deployed.
• Analyse and report on various price monitoring aspects, e.g. loss ratios, rate changes, price strength ratios, quote success ratios, claims process, etc.
• Take part in pricing projects, i.e. learn to build, calibrate and fit GLM pricing models.
• Produce analyses and reports informing renewal targets and processes.
• Develop and expose new data sources
• Develop and publish dashboards

Business Support Ad Hoc

• Perform claims analytics and reports
• Perform data analytics and/or reinsurance analyses
• Analyse operational data to inform decisions and behaviours
• Analyse economic indicators for trends and set assumptions
• Develop and help productionalise new data sources
• Resolve pricing related queries from business

Relationships

• Actuarial Committee Representative
• Pricing Manager
• Underwriting
• Claims
• Finance
• Peers within team

Qualifications & Experience

• University degree in Actuarial Science or a related field.
• Evidence significant exam progress towards qualifying as an actuary

Skills

• Proficiency in English

• Effective intermediate oral and written communication, interpersonal skills (Report writing and presentation experience an advantage)
• Ability to extract and summarise data (strong SAS skills, Advanced certificate an advantage)
• Ability to program (VBA experience advantageous, Python is attractive)
• Understanding of Business Intelligence principles (ETL and reporting concepts)
• Understanding of Actuarial database/cube
• Ability to extract and summarise data (SAS experience advantageous)
• Analytical ability (Pricing specific an advantage)
• Statistical modelling experience (Actuarial pricing specific an advantage)
• Project management experience and advantage
• Short term insurance specific work experience advantageous

Behaviours:

• Energetic problem solver
• Professional and disciplined
• Able to meet deadlines and work under pressure
• Client focussed and delivery orientated
• Collaborative team player
• Succinct attention to detail and accuracy