Job Vacancies at Momentum

Role Purpose    

Business Development Consultants are committed, driven, results oriented advisers who are able to work on their own as well as in a team environment writing business in accordance with targets laid down by Momentum Insure. Business Development Consultants advise primarily on motor and household domestic insurance.

Requirements    

• Matric/Grade 12
• FAIS Credits (min 30 credits in short term insurance if date of first appointment is before 2010); or if date of first appointment is on or after 01/01/2010, a full recognised qualification as per the FSCA qualification list
• FAIS Regulatory examination for Representatives (RE5)
• 12 CPD (continuous professional development) points
• Minimum of 3 years' experience in selling short term insurance either as a broker agent or tied agent
• Call center agents not preferred unless they have a minimum of 5 years' experience
• All required regulatory exams and accreditation
• One year's proof of commission earnings (minimum R10 000.00 pm)
• Candidate must have his own transport (CAR) and license

Duties & Responsibilities    

• Source sufficient lead generating opportunities to ensure 10 client quotes per week and 40 per month minimum
• Minimum requirement of 8.5 written policies per month
• Maintain and update your Lead Generation Matrix on a weekly basis
• Once a quote is requested the consultant must contact client in order to conduct a proper needs analysis and offer professional advice
• Sign up a minimum of 5 active lead referral agents
• Complete weekly reports that reflect leads, quotes and sales as well as the source of the leads, average premium, total premium and any other pertinent information which may be required from time to time
• Keep up to date and fully informed on product comparisons with opposition products
• Stay abreast of Momentum Insure product changes and enhancements
• Be compliant in all activities in accordance with regulations and standards of all Insurance regulations and professional guidelines and ethics
• Maintain appropriate skills and knowledge in order to provide specialist, professional advice in all relevant business areas
• Maintain the required dress code and professional appearance

Competencies    

• Technical Retail Acumen
• Retail Sales Skills
• Risk awareness
• Cross selling
• Extensive knowledge of the Short-Term Insurance Industry
• Thorough understanding of the short-term insurance industry and products
• Thorough understanding of business principles
• Interpersonal Skills
• Ability to handle conflict
• Negotiation skills
• Problem solving skills
• Risk Assessment and analysis
• Insurance Principles and practice
• Customer and Personal Service
• Clerical and administrative procedures
• Be professional at all times with prospects, clients and other Momentum Insure stakeholders
• Presentation skills, both 1:1 and to groups
• Ability to present professionally
• Sales skills
• Prospecting skills

Closing Date    
2023/06/08

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Role Purpose    

Implement the compliance strategy aligned to the compliance monitoring plan to assist the Momentum Insure business in honoring their responsibility to comply with applicable regulatory requirements through directing the compliance function through identification, assessing, managing, monitoring and report on regulatory compliance risks facing the organisation.

The position shall further provide assurance that company policies and procedures are being complied with and that the organisation meets the regulatory and company's own standards and ensure that compliance support is aligned to business strategy.

Requirements    
Experience and Qualifications

• Qualifications:
  • Minimum Legal or Compliance qualification / or degree or qualification recognised by the FSCA.
  • Successfully passed the Key Individual Regulatory Examination 1 as required by the FSCA for Licensed Compliance Officers
  • Phase I Approved - Category I FAIS Licensed Compliance Officer would be advantageous
  • Post Graduate Diploma in Compliance Management would be advantageous
  • Risk Qualifications will also be an advantage
• Experience:
  • At least 4 years' experience in the financial services industry relevant to non-life Insurance
  • At least 2 years' relevant Compliance experience
• Experience that will be advantageous:
  • Combined assurance planning and execution
  • 1st line compliance experience
  • Regulatory Complaints Handling
  • Duties & Responsibilities    
    • Implement and manage an effective compliance program through the development and management of risk and compliance plans.
    • Develop and review company policies including effective implementation of policies and guidelines
    • Advise management on the company’s compliance with laws and regulations through detailed reports.
    • Create and manage effective action plans in response to audit discoveries and compliance violations.
    • Regularly audit company procedures, practices, and documents to identify possible weaknesses or risks.
    • Tracking and monitoring of key risk indicators, controls and action plans.
    • Assess company operations to determine compliance risk.
    • Conduct research on compliance related topics
    • Develop training materials and assist with training to ensure all employees are educated on the latest regulations and processes.
    • Assist in compiling risk and compliance reports
    • Collaborate with other leaders on cross-functional initiatives that focus on the mitigation of compliance risks.
    • Work with external partners such as Internal Audit to endure the effectiveness of the compliance function
    • Assist in innovate the Compliance program and function and identify improvements to existing processes and plans.
• Competencies    
  • Excellent organisational and administrative skills
  • Excellent communication skills (verbal and written)
  • Report writing skills
  • Accountable, takes Ownership and Responsibility
  • Attention to detail
  • Negotiation skills and Problem-solving ability
  • Strong People skills
  • Ability to work independently and in a team environment
  • Analytical thinker with investigative instinct
  • Self-disciplined and self-motivated
  • Stress Tolerance, tenacity and Resilience
  • Professional approach
  • Assertive and tactful with the ability to handle conflict
  • Results driven

Closing Date    
2023/06/08