Underwriting Audit Specialist at Santam Insurance

What will you do?

• 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 a 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; and
  building relations with partners and various key stakeholders.
• Travel nationally will be required from time to time.

Qualification and Experience

• Bachelor’s Degree in Internal Audit or equivalent.
• Advanced Certificate in Short Term Insurance would be advantageous.
• 5 to 7 years short term insurance knowledge, specifically in corporate and commercial insurance, internal auditing would be advantageous.
• Working knowledge and understanding of treaty, facultative reinsurance processes and reinsurance accounting would be advantageous.
• Understanding of an outsourced business model; and experience in performing underwriting and reinsurance reviews would be advantageous.

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) and FAIS.
• General knowledge of various insurance software applications and knowledge of Microsoft Office (Excel, Word, PowerPoint DrawIo) at intermediate or advanced.
• Facilitation skills and ability to influence individuals, groups and teams.
• Strong verbal and written communication skills;
• Stakeholder management 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; and 
• Influencing/ Gaining Commitment. 

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