Responsibilities And Duties
- Review insurance applications and supporting documents
- Draft policy schedules and wordings in line with product specifications
- Ensure FSP complies with the operational requirements of binder functions
- Ensure FSP complies with industry standards and company policies
- Prepare monthly reporting for insurers
- Oversee and ensure fair outcomes to policyholders in line with COFI
- Assist with OMNI CBR reporting
- Ensure Regulatory compliance
- Resolve issues related to binders, including amendments and discrepancies
- Ability to implement FSPs policy systems and ensure compliance with SOP and alignment with legislative frameworks
- Oversee binder audits with the Insurers
- Oversee transition from formal insurance to binder insurance
- Understanding of compliance requirements of FAIS, Insurance Acts, POPIA, PAIA, FIC, AML and Cybersecurity for FSPs
- Relevant degree in Finance, Law or Business Administration
- Minimum 5 years managerial experience within the Insurance industry specifically funeral insurance
- RE1 certificate
- Proficient in English
- Microsoft Office Skills
- Drivers license
- Strong drafting and communication skills
- Good business acumen
- An experienced individual with knowledge of life insurance products and operational requirements of binder agreements
- Understanding of the funeral insurance and the funeral parlour market
- Strong analytical and problem solving skills
- Ability work under pressure
- Results driven individual that can manage relationship with various stakeholders and shareholders
- Willing to travel
