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Application Deadline

23 February 2022

MANAGER: INSURANCE SUPERVISION

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Full Time

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Pretoria, South Africa

About the Role

A reputable financial institution is looking for a Manager: Insurance Supervision in Pretoria.

MINIMUM REQUIREMENTS:

· Postgraduate degree in Finance, Accounting, Insurance, Banking or Economics.

· Eight years’ experience in the financial services or financial regulatory sector.

· Two years’ proven experience of managing a team.

Additional requirements include:

· The insurance core principles.

· Conversant with the insurance reserving requirements, at both a theoretical and practical level.

· Knowledge of the modern principles, practices and techniques of prudential supervision.

· Working knowledge of the Insurance Act, Insurance standards, Companies Act 71 of 2008 and associated laws and regulations.

· Understanding of key regulatory issues facing insurance companies and insurance groups.

· Knowledge of, and experience in the insurance system and insurance products, risk models and systems.

· Thought leadership.

· Professionalism and strong ethical values.

· People management skills.

· Ability to engage with executive management on technical aspects.

· Ability to plan and supervise work of others.

· Exceptional attention to detail.

· Ability to exercise independent judgement.

· Strong oral, written and overall communication skills.

· Time management and negotiation skills.

· Problem-solving abilities and analytical skills.

· Ability to influence, build and maintain relationships.

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Requirements

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Additional Requirements

RESPONSIBILITIES:

· Supervise, oversee and participate in supervisory practices.

· Contribute towards maintaining a financially sound and stable insurance sector and the overall financial services sector.

· Assess compliance with prudential regulations and applicable financial soundness standards.

· Install a risk-based, pre-emptive, outcomes-based and integrated supervisory framework.

· Contribute towards the development of processes and procedures for effective implementation of the Insurance Act 18 of 2017 (Insurance Act) and the prudential standards.

· Review and evaluate the adequacy and appropriateness of the own risk and solvency assessment (ORSA) submissions of each insurer for their specific risk profile.

· Refine the supervisory approach by introducing prudential supervisory best practices.

· Deploy effective supervisory tools for monitoring insurers’ exposure to the above risks.

· Identify cross-sectoral risks and devise appropriate measures to contain them.

· Ensure the sufficiency and appropriateness of capital and solvency requirements of the assigned insurance entities with respect to all prudential risks.

· Ensure that insurers’ risk management practices and governance structures are adequate entities and analyse and interpret risk-based regulatory returns.

· Provide guidance and direction to subordinates, including setting performance standards and monitor performance.

· Make valuable contribution to prudential regulation matters relating to insurance groups.

· Contribute towards attainment of departmental strategic objectives.

· Mentor, train and motivate staff towards attainment of departmental goals.

· Manage the attainment of operational objectives.


All CVs should be emailed to nombuselo@ziyanaconsulting.co.za

Closing date: 24 February 2021.

Detailed Description

A reputable financial institution is looking for a Manager: Insurance Supervision in Pretoria.

Ziyana Business Consulting and Training Team

About the Company

Ziyana Business Consulting and Training is a fully integrated solutions provider dedicated to consistently providing high customer satisfaction by rendering excellent service, and furnishing an enjoyable atmosphere at an acceptable price/ value relationship.


We also maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work. We are 100% black owned and majority black female owned. We are an accredited training provider with Services SETA being our primary SETA. We are affiliated with the SABPP as well as APSO.


Ziyana Business Consulting and Training is a people management solutions provider. Our business is people centered and solutions driven. As a solutions provider, Ziyana Business Consulting and Training goes beyond the call of duty to gain understanding of our client’s strategies, the markets in which they operate in and the skills they need to achieve their business objectives.


We assist organizations develop their employment value proposition (EVP). For SMMEs and organizations that lack HR capacity, we provide a holistic people management solution. For larger organizations, we assist the HR department with specific interventions whilst transferring skills, knowledge and experience, supported where necessary by formal training programmes.