Fresh Vacancies at Sasria

Minimum Qualifications:

• National diploma, Btech or Bcom in HR/Psychology/Industrial/ Organisational Psychology degree With one of the following major subjects:
• Accounting or
• Tax or
• Statistics or
• Economics or
• Finance

Minimum Experience:

• None

Duties and Responsibilities

1. Employee payroll and benefits administration

• Capturing employee data on the payroll system.
• Updating employee Payroll data as and when required.
• Administering employee leave accruals.
• Capturing monthly salary inputs to ensure that lawful and accurate deductions and
• Payroll changes: i.e. terminations, leave, overtime, salary adjustments, promotions and bonuses, deductions, etc.

2. Employee On-Boarding and Exit

• Managing Organisation’s organogram by ensuring approved positions are updated and discontinued.
• Positions are removed timeously.
• Ensuring employees have been Onboarded and Exited as per Payroll procedure.
• Ensuring all documentation relating to the Onboarding and termination of service are completed.

3. Statutory Reporting

• Compiling Annual Employment Equity report.
•  Preparing quarterly Stats SA report.
• Providing inputs to Human Capital reports.
• Providing inputs into the completion of all statutory reporting (Compliance, MTEF, PIR).

4. Perform ad hoc tasks

• Perform any reasonable ad hoc tasks as and when required by the organisation.

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Minimum Qualifications:

• A bachelor degree (actuarial, data science, statistics, mathematics, econometrics).
• CERA qualification, or similar, will be advantageous.

Minimum Experience:

• Minimum of 3 to 6 years experience in a similar (risk or actuarial) position.

Duties and Responsibilities

1. Operational Delivery

• Underwriting risk profile intelligence: Identify, track and report on the key risks affecting Sasria’s underwriting risk profile.
• Lead team and/or work with suitable industry experts such as consultants, academics, NGOs, international counterparts, etc) to perform research and analysis to identify economic, political, socio-economic, legal and other risk metrics.
• Maintain a database of events that may/do give rise to claims under Sasria’s defined perils. This includes working with other departments (such as underwriting and claims) as well as suitable external parties (eg SAPS, NGO’s, social media companies) to develop intelligence to identify and profile events.
• Catastrophe model: Develop, maintain and manage Sasria’s catastrophe model.
• Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international counterparts, etc) to perform research and analysis (and/or work with suitable industry experts such as consultants, academics, NGOs, etc) to develop suitable catastrophe model(s), which can be used for pricing, reinsurance purchase and optimization, underwriting, strategy development, investment strategy, risk mitigation, etc.
• Probable Maximum Loss (PML) studies: Develop, maintain and manage Sasria’s PML studies.
• Lead team and/or work with suitable industry experts (such as consultants, academics, NGOs, international counterparts, etc) to perform PML studies for the purpose of Sasria’s reinsurance and capital optimization strategies.

Risk Mitigation

• Work with stakeholders in Sasria, including Underwriting, Claims and SMD, to identify “hot-spots” for Sasria’s underwriting risk exposure and to develop practical risk mitigation strategies to reduce the incidence of loss events and/or minimize severity from loss events.
• Examples include the identification of high-risk transit routes along the SA road network; locations within the country that consistently “flare up” following specified events (eg local government elections, university/school registration, etc).

Risk Analytics

• Assist the broader business with reports and analytics, as may be required from time to time.
• Examples may include the development of models to validate claims against a register of potential loss events, identification of multi claimants, fraud analytics, etc.

Data Collection and Management

• Work closely with IT and BCT to ensure that suitable technological and data management solutions are in place tom support Sasria’s current and future data and analytics needs.

2. Business focused collaboration

• Contribute to the successful achievement of Sasria’s vision, strategy and business plan, by assisting with the resolution of problems that pose a threat to the Company of not achieving its vision, strategy and business plan.
• Responsible for considering key risks and broad based solutions for a number of key projects / issues within Sasria.

3. Strategic Involvement

• Contribute to the creation the Sasria’s long term strategy and short term business plan.
• Shaping Sasria’s risk culture by ‘setting the tone from the top’ not only through words but actions and reinforcing commitment.

4. People Focus

• Managing own career by being accountable for one’s behavior, performance and development.
• Managing individual and team performance to achieve individual and organization goals and objectives.

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Minimum Qualifications:

• Higher Certificate in Insurance NQF5 (preferable)
• Tertiary education (preferable)

Minimum Experience:

3 – 5 years experience in a Claims position of Short term Insurance company

Duties and Responsibilities

1. Claims processes

• Accurately record and examine received claims and any related documentation thereof.
• Perform document diary maintenance on CMS system.
• Assess claims received by the department for reserve and keep a regular follow-up outstanding reserve once claims are verified by Claims Manager.
• Approve claims within delegated authority after verification of all documents and validation thereof under the policy cover.
• Escalate complex claims to Supervisor.
• Assist in the extrapolation of monthly reports on claims.

2. Agency/ Broker Liaison

• Inform underwriting department of gaps in cover and/or wording documents as well as adjustors such as losses/ gains on premium.
• Exercises proper judgment and decision making to analyze the claims exposure, to determine the proper course of action and to appropriately settle the claim.
• Negotiate the settlement and disposition of claims within prescribed mandate; interpret related claims documentation.

3. Perform ad hoc tasks

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