Job OPportunities at Bryte Insurance Company Limited

Key Accountabilities:

Functional Management;

• This role reports into the CFO and its responsibilities span across all legal entities within the Group.
• Management of the monthly IFRS-based reporting process and preparation of the annual financial statements for all entities; support subsidiary company financial accounting processes.
• Effectively manage the quarterly shareholder and Board reporting requirements, including input to the President’s report.
• Responsible for managing the external auditing process for annual financial statements and other relevant processes.
• Manage financial systems, general ledger process and internal controls, to ensure the integrity of the financial reporting system.
• Ensure timeous and accurate delivery of statutory and regulatory reporting, including solvency reporting on an interim and SAM basis.
• Perform analytical reviews of IFRS and regulatory results and determine reasons for variances.
• Ensure a clean audit report in relation to all regulatory and statutory reporting.
• Identify opportunities to enhance capital management and solvency.
• Identify contravention of compliance and implement controls to ensure all compliance requirements are continuously met.
• Ensure best practice solutions for the company are implemented through researching markets and understanding changes in legislation.
• Network through memberships of various, appropriate associations.
• Effectively manage investment accounting and reporting activities; ensure that investment transactions are recorded in the accounting system on a timely basis and in line with IFRS and the Group reporting requirements.
• Prepare and submit investment reports for Board review and shareholder submission.
• Management of investment processes and operations while maintaining compliance with legislative requirements.
• Calculation of Tax and management of direct and indirect Tax submissions.
• Leading teams of people in line with the Bryte guiding principles and culture, whilst coaching and mentoring individuals within a results-oriented environment. Act as an ambassador for the culture and desired behaviours.

Stakeholder Management

Stakeholders include:

• The Board
• Statutory Bodies
• EXCO
• External Auditor
• Fairfax Group

Leadership Accountabilities:

• Lead a diverse and independent functional team, setting objectives, reviewing performance and participating in selection / promotion decisions to ensure that employees have the necessary skills and understanding to deliver the team's objectives.
• Model behaviours that demonstrate commitment to Bryte’s guiding principles.
• Lead a high-performing team and complete performance management cycle for direct reports.
• Create people management plan to ensure human capability is in place as part of business planning process.
• Take action to manage own personal development and encourage others to do the same.

Qualifications and Experience:

• CA(SA)
• 8 or more years’ experience in relevant field
• 5 years minimum leadership experience
• Exposure to and experience in insurance (life, general and reinsurance) highly preferred
• Exposure to and experience in Investment accounting and management
• Exposure to and experience in taxation and tax compliance
• Sound knowledge of IFRS, including Insurance Accounting standards
• Knowledge of the Insurance Act, including solvency requirements
• Knowledge of SAM solvency legislation and reporting requirements

Competencies:

• Financial Management
• Effective Communication
• Problem solving
• Knowledge Management
• Strategic thinking
• Organisational Governance

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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 expertise in underwriting, preferably in commercial underwriting
• FAIS compliant, 60 credits
• Must have RE

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 management skills
• Strong Numeracy skills
• Strong underwriting skills
• Strong analytical skills
• Strong leadership skills
• Sound interpersonal skills
• Computer literacy: sound Excel skill
• Leadership
• Problem solving

Attributes;

• Problem solving
• Technical expertise
• Analysis
• Concern for Excellence
• Customer Service Orientation
• Delegation
• Developing Organisational Talent
• Diversity Management
• Engagement: Impact/presence/rapport

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Key Tasks & Accountability:

• Preparing and issuing of standard monthly client claim reports within SLA for clients, brokers, or Third-Party Administration.
• Liaise with internal stakeholders to facilitate problem resolution and efficiency of work activities
• Liaise with relevant stakeholders to gather and ensure accuracy of information
• Check and confirm the accuracy of registered claims cover details and add claimant details timeously
• Deal with and ensure resolution of claims related queries on an on-going basis
• Represent the organization through maintaining high levels of professionalism, service excellence and customer excellence

Relationships;

• Internal Relationship
• All internal departments within the Bryte Group
• External Relationship
• All Bryte Life Customer, Brokers and all external partners

Qualifications & Experience:

• Matric
• NQF Level 6 (B-Degree) would be an added advantage
• FAIS compliant
• 3-5 years’ experience in a similar role

Attributes:

• Problem analysis and problem solving
• Strong Interpersonal skills
• Attention to detail
• Decision Making
• Analytical skills
• Customer service orientation

Knowledge & Technical Skills:

• Sound knowledge, experience and understanding of group risk and life insurance
• General claims handling skills
• Knowledge of customer service principles and practices

Behavioural Competencies;

• Attention to detail
• Commitment to excellence
• Oral and written communication
• Flexible in duties performed
• Ability to work under pressure