Job Openings at Bryte Insurance Company Limited

Key Tasks & Accountabilities

Compliance Program Management

• Assist Head of Compliance to develop, implement and maintain compliance programs to ensure adherence to laws, regulations, and internal policies. 
• Develop review, and update comprehensive compliance policies, procedures, and programs across all business units.
• Conduct compliance risk assessments to identify assess and mitigate enterprise-wide compliance vulnerabilities and regulatory changes.
• Execute compliance monitoring and testing programs. Investigate potential non-compliance issues, collect evidence, and oversee the implementation of corrective actions. Report on findings to Head of Compliance and relevant stakeholders and escalate concerns as necessary.
• Maintain expert-level knowledge of applicable laws, regulations, and industry standards affecting the organization.
• Assist Head of Compliance in preparing and presenting compliance reports to senior management, board committees, and regulatory bodies.

Regulatory Relations and Reporting

• In collaboration with the Head of Compliance, manage, oversee and prepare regulatory filings, submissions, and correspondence.
• Assist Head of Compliance with strategic analysis of regulatory developments and assess enterprise-wide impact.
• Preparation of responses to regulatory inquiries and enforcement actions.

Training and Advisory Services

• Develop, design, and deliver enterprise-wide compliance training programs for all employees.
• Provide strategic guidance and consultation to business units and senior leadership
• Assist Head of Compliance with review and approval for new products, services, and business initiatives.
• Collaboration with legal, risk management, and internal audit functions.
• Mentor and support junior compliance staff.

Strategic Planning

• Assist Head of Compliance with development and implementing strategic compliance plans and policies. 

Qualification & Experience

• A bachelor’s degree (NQF Level 7) in a relevant field like law, finance, business administration, or risk management
• RE1
• Relevant Compliance related courses or qualifications.
• Qualifications relevant to statutory requirements for registered compliance officers.
• FSCA Approved Compliance Officer will be preferred
• Minimum 7-10 years of progressive experience in compliance, risk management, or regulatory affairs
• At least 3-5 years in a senior compliance role
• Demonstrated experience working with regulatory agencies
• Proven track record of developing and implementing successful compliance programs
• Experience in conducting compliance investigations and managing remediation efforts Experience in short term insurance industry preferred.

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Key Tasks & Accountabilities

Achieve targeted underwriting profit.

• Underwriting medium- high complexity risks
• Measuring exposure and analyzing risk
• Determine technical price according to agreed/certified pricing process.
• Quoting and agreeing coverage
• Negotiating terms and conditions
• Managing underwriting profitability of accounts
• Implement underwriting measures to attain targeted loss ratios and rates.
• Embrace technology to improve portfolio performance, ensure that treaty re-insurance standards are adhered to at all times.
• Ensure compliance with technical and operational underwriting standards, procedures, and controls.
• Application of the Bryte Way (TBW) of underwriting
• Deploy & utilize risk engineers appropriately.

Growth and retention of business

• Establish lasting partnerships with key stakeholders.
• Support growth of existing books and new books through underwriting actions
• Retain business through underwriting actions.

Effective, efficient underwriting and approval of large policies

• Effectively process referrals for new business, endorsements, and renewals

Provide qualitative service levels to internal and external stakeholders.

• Consistently utilise processes, procedures and approach based on the TBW process framework.
• Ensure service levels meet SLAs with brokers and other business units.
• Ensure effective communication with brokers and clients.
• Manage complaints effectively and timeously.
• Build relationships through provision of good and consistent service.
• Embrace technology to improve efficiencies and service.

Governance

• Ensure governance and best practice is adhered to & communicated to all stakeholders.

Teamwork

• Act in line with SLA and instructions from all superiors and always ensure professionalism in dealings with internal and external stakeholders.
• Develop technical skills on a continuous basis.

Relationships

Internal

• Sales
• Technical Underwriting, risk engineers and actuarial
• BRYTE SA Head of Reinsurance
• Central Service Hub
• Claims Hub
• Marketing & Risk
• Information Technology
• People Management

External

• Brokers
• Clients
• Re-insurers
• Re-insurance brokers
• SAIA
• Shareholders
• UMA’s
• Affinity groupings

Qualifications & Experience

• Grade 12, NQF Level 4
• FAIS compliant, 60 credits
• Minimum of 5 years technical expertise in underwriting, AIISA / ACII an added advantage
• Sound knowledge of how to optimize underwriting performance at a policy and portfolio level.
• Technical expertise