Jobs at Land Bank Careers

Job Advert Summary
To ensure business stabilisation post organisational restructures. To drive transformational change while managing the transition from the current to future state. To optimise business process, policies and standard operating procedures; embedding the target operating model for optimum strategic alignment.

Key Performance Areas  

 Business Stabilisation and Target Operating Model Embedment

• Manages the implementation the bank’s target operating model, to improve the bank's overall processes and procedures to achieve efficiency and productivity.
• Collaborates with the bank’s executive committee in designing, assessing, and enhancing the organisational structure of the bank; fostering executive alignment and mobilisation.
• Identifies and implements short to long-term measures to reduce the organisational impact of transitioning from the current state to future state operating model.
• Formulates and implements initiatives designed to settle the organisation and refocus on employees on the business-of-the-business, while managing effective integration planning and implementation of all restructure-related activities.
• Works collaboratively with the People and Culture division to design and develop employee support interventions to ensure that employees are equipped to perform optimally within the new operating model.

Business Process Optimization

• Establishes frameworks and advises on the best-in-class business process re-engineering techniques to implement across the bank.
• Oversees the in-depth analysis of existing workflows and re-designs multi-function business processes of varying degrees of complexity to enhance the bank’s operational efficiencies, service delivery, and profitability.
• Implements the requisite tools required for collecting and measuring relevant data, identify key performance indicators (KPI), and facilitates a data-driven analysis of critical functions within the bank.

Policy and Standard Operating Procedure Optimization

• Guides and directs procedure analysis for SOP Optimization to achieve consistency and drive efficiencies within and across functional areas and divisions in the organisation.
• Facilitates workshops to review actual operations and existing SOPs to ensure that client centricity and business enablement principles are embedded in procedures across the bank.

Driving Transformational Change

• Ensures that the bank’s restructuring-related change initiatives deliver stated objectives on time and within budget.
• Oversees the formulation and implementing change management strategies and plans that maximize employee adoption and usage of new processes, systems and technologies; while minimising resistance.
• Oversees the utilisation of insights from organisational culture and behaviour assessments to design and deliver optimal change programmes.
• Drives faster adoption, higher ultimate utilization of and proficiency with the changes that impact employees across all divisions and functional areas.
• Works collaboratively with the People and Culture division to provide coaching for senior leaders and line managers within the bank; to equip them in becoming effective change sponsors to guide direct reports through transitions.

People Management

• Determines the human resource requirements and recruits appropriate individuals, in accordance with the expected deliverables
• Compiles Performance Management documentation in collaboration with staff members in terms of:
  • Performance Output Profile requirements
  • Key Performance Areas
  • Personal Development Plan
• Conducts performance reviews in accordance with policies and procedures and take corrective actions where necessary in accordance with policies and procedures

Preferred Minimum Education and Experience

• A Postgraduate tertiary qualification in Business Management (Ideal - MBA)
• Experience in a revenue-generating role in financial services - 10 years
• Operational and general management as well as leadership experience in a comparable environment - 10 years
• Management consulting in Business Improvement and/or Strategy - 5 years
• Ideal - Experience running a team or business division in the financial services sector - 3 years

Critical Competencies

• Computer proficiency
• Strategy formulation and execution
• Process mapping and optimisation
• People leadership
• Business acumen and strategic advisory experience
• Policies and Procedures
• Legislation

Additional Requirements

• Extended hours as and when required.
• Travel as and when required.

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MAIN PURPOSE OF THE JOB

Develop functional unit business plans for both the life and non-life insurance business to contribute to the achievement of strategic objectives of the organisation.
Oversee the effective functioning of claims management processes across all product lines to drive efficient client serving and customer centricity.

Key Performance Areas 

Operations Management: Processes and Systems

• Lead the development, implementation and maintenance of a suitable policy administration systems and IT applications for all product lines, both life and non-life.
• Direct and manage the implementation of policy administration and ensure proper documentation and record keeping.
• Ensure that manual processes are appropriately automated and drive innovation and continuous improvement through collaboration and agile work practices.
• Maintain data in an acceptable format and ensure that it is disseminated to relevant departments on a timely basis.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Develop compeling business cases to support new initiatives at improving efficiencies.
• Manage system debit order collections, premium allocation, refunds and reconciliations.
• Manage the Sasria portfolio and ensure that relevant rates are embedded in the system.
• Manage regulatory reporting e.g. Conduct of Business Returns and Liquidity Reports etc.
• Develop, maintain and optimize end to end business processes and work flows.
• Ensure effective reporting on business performance and tailor reports using the latest tools and software e.g Power BI, Qlikview to drive business insights.

Claims Management

• Plan, lead and coordinate the claims function, fostering an environment of continuous improvement and excellence.
• Design processes and procedures to ensure effective claims processes and strategies to adherence to service level standards.
• Develop effective automated systems for handling claims, and lead procurement efforts for the acquisition of such systems within PFMA guidelines.
• Maintain claims register for all classes of business and ensure response is provided to claimants timely.
• Monitor and conduct regular audits on claims mandates to binder holders.
• Effect cost savings and management of claim assessment costs.
• Optimise the claims reporting process, finding innovative ways to make it easier for clients to lodge claims.
• Maintain and provide accurate claims data to the actuarial department for reserving purposes.
• Identifying claims trends and alerting underwriters where loss ratios are deteriorating.
• Perform monthly analysis and reporting of claims data to identify trends, fraud and possible problem areas.
• Handle all internal and external audit queries relating to claims.
• Maintain up-to-date knowledge of industry regulations and ensure compliance in all claims handling procedures.
• Deliver exceptional customer service by effectively communicating with all stakeholders and resolving claims expediently.
• Develop appropriate systems for handling and tracking complaints.
• Manage and resolve customer queries in line with the complaints management policy.
• Lead and create an organisation-wide customer orientation and develop the infrastructure for customer relationship building to place the customer at the center of the organisation.
• Ensuring that the objectives of TCF are consistently achieved within the team, that the achievement of such objectives can be evidenced.

Bancassurance and Direct Channel Optimization

• Evaluate the current bancassurance and direct channel capabilities, identify gaps, and prioritise development activities.
• Optimise process and system integration relating to lead generation, quotation and policy conversions.
• Facilitate training of client facing staff on an ongoing basis to ensure a productive channel at all times.
• Monthly reporting to key stakeholders on channel performance.
• Lead and create an organisation-wide customer orientation and develop the infrastructure for customer relationship building to place the customer at the center of the organisation.
• Lead customer atisfaction surveys and implement remedial action.

Stakeholder management

• Design and implement a stakeholder management framework.
• Maintain relationships with stakeholders and business partners, e.g. procurement, and I.T
• Ensure that service level agreement with business partners are adhered to.
• Ensure that all work conforms to the quality requirements in terms of delivery.
• Initiate corrective actions where required to maintain quality standards.
• Ensure that all policies and procedures are maintained to enable compliance measurement.
• Develop and present a monthly stakeholder engagement report.

Departmental and People Management

• Performance Management
• Capacity Planning
• Financial Management

Preferred Minimum Education and Experience

• Honours BCom in Finance, Business Management, Risk Management and Insurance
• 8-10 years Insurance operations and claims experience
• 8-10 years Insurance operating system experience

Critical Competencies

• Developing systems and processes
• Claims management
• Quality Assurance
• Good underwriting principles

Additional Requirements

• Extended hours as and when required.
• Travel as and when required.