Job Description
About the Role
Our client in the Insurance industry is seeking a Specialist: Compliance to join their team. We are inviting applicants from suitably qualified persons to apply for this exciting opportunity. The successful candidate will be required to travel to branches in the Eastern Cape area and have a valid driver’s license.
Key Responsibilities
- Assist manager to ensure that compliance function are in compliance with law and industry and regulatory body requirements.
- Promote prevention of legal and regulatory risk in the company.
- Maintain efficient and effective operations in Compliance.
- Validate that policies and procedures with regards to Compliance Function are being adhered to.
- Oversee the debarment processes are being adhered to within the Group.
- Assist with investigation of regulatory and clients compliants (Ombudsman cases).
- Monitor compliance risk, policies and procedures at Head Office and branches.
- Complete monitoring reports for Compliance Manager.
- Provide overall compliance assistance, guidance and advice to the Group.
- Contribute to the development of compliance risk management plans.
- Contribute to the completion of compliance reporting (internal and regulatory).
Requirements
- 2 – 3 years’ Experience in long term insurance.
- 2 – 3 years’ Experience in Risk Management and Compliance.
- 2 – 3 years’ Experience in the Insurance Industry.
- Formal Education: Relevant Legal Degree/Diploma, LLB Degree is Non-negotiable.
- Technical/Legal Certification: Compliance Certificate.
- Knowledge of Legislation: LTIA, FAIS, FICA, Companies Act, NCA, CPA, STI.
- CISA Accreditation requirement.
Qualifications
- Completed Relevant Legal Degree/Diploma.
- LLB Degree.
Salary & Benefits
- Salary: R30 500-00 CTC p.m.
How to Apply
About Other Insurance Jobs in Eastern Cape
The Other Insurance sector is a significant player in the financial services industry, particularly in the Eastern Cape region of South Africa. Typically, this field is characterized by a moderate growth rate, driven by the increasing need for risk management and financial protection solutions among individuals and businesses. As a result, job seekers in this area can expect to find a relatively stable and secure employment market.
In terms of compensation, salaries for Other Insurance professionals in Eastern Cape are generally within the range of R500 000 to R1 000 000 per annum, although this can vary widely depending on factors such as level of experience, company size, industry sector, and specific role requirements. It is essential to note that these figures are broad estimates and should be used as a rough guide only.
Common skills required for Other Insurance roles include strong analytical and problem-solving abilities, excellent communication and interpersonal skills, proficiency in insurance software and systems, and a solid understanding of financial regulations and industry standards. Additionally, professionals in this field often possess technical knowledge in areas such as risk management, policy underwriting, and claims processing. Other valuable skills may include business acumen, leadership abilities, and strategic thinking.
The Other Insurance sector is commonly found in industries such as the financial services sector, technology industry, and manufacturing sector, among others. These sectors require specialized expertise to navigate complex regulatory environments, manage risk, and develop effective insurance solutions for their customers. As a result, professionals with experience in these areas are often in high demand.
Career development opportunities for Other Insurance professionals are numerous, with potential paths including senior management roles, consulting positions, or specialized fields such as actuarial science or risk management. With continued education and training, individuals can enhance their skills, expand their expertise, and move into more senior or specialized roles within the industry.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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