A position of Underwriting Audit Specialist exists in Santam Corporate Services to be based in Alice Lane Sandton, Gauteng.
The purpose of the Audit Specialist is to play a significant role in delivering on the Internal Audit Charter, plan and improving the overall governance, risk management, and control environment within the Santam Group. This role will therefore form part of the Specialist Underwriting assurance team within the Santam Group Internal Audit function and will be responsible for specific underwriting and/or reinsurance related assurance work in Santam Limited, MiWay, Centriq, and Santam Structured Insurance.
What will make you successful in this role?
- Perform objective audit reviews within the underwriting processes at Santam Ltd, its subsidiaries, portfolio managers, and underwriting agencies;
- Assist with audit planning in terms of assignment objectives and scope of work;
- Responsible for audit execution; reporting in an effective and timely manner and follow-up processes;
- Advise on practical recommendations;
- Follow up on audit issues raised and provide input into the reports to the Santam Audit Committee and other governance structures as required;
- Maintain quality standards in terms of the audit methodology, approach, and documentation of work performed;
- Building relations with partners and various key stakeholders.
Qualification and Experience
- Bachelor’s Degree / Advanced Certificate in Short Term Insurance would be advantageous;
- 5 to 7 years short term insurance knowledge, specifically in corporate and commercial insurance;
- Working knowledge and understanding of treaty, facultative reinsurance processes, and reinsurance accounting would be advantageous;
- Understanding of an outsourced business model;
- Experience in performing underwriting and reinsurance reviews would be advantageous.
Knowledge and Skills
- Knowledge of personal lines, commercial products, assets all risk policies, and other business processes including reinsurance;
- Working knowledge of legislation, regulations applicable to the financial industry (FAIS, Insurance Act, TCF, POPi) and supporting regulations i.e.: Prudential Authority knowledge of the Governance and Financial Standards of Insurers (GOI and FSI);
- General knowledge of various insurance software applications and knowledge of Microsoft Office (Excel, Word, PowerPoint, and DrawIo) at intermediate or advanced;
- Facilitation skills and ability to influence individuals, groups, and teams;
- Strong verbal and written communication skills;
- Influencing and negotiation skills;
- Excellent interpersonal, communication, and networking skills across all levels;
- Strong integrity and dealing with confidentiality;
- Report writing skills;
- Professionalism, excellent judgement, use of discretion, and problem-solving abilities;
- Ability to work and make decisions independently.
Core Competencies
- Being resilient - Contributing independently;
- Collaborates - Contributing independently;
- Cultivates innovation - Contributing independently;
- Customer focus - Contributing independently;
- Drives results - Contributing independently;
About The Company
Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding, and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.
Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.
At Santam, we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals, we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.
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