Internal Audit Specialist: Underwriting (JHB)

The role

A position of Internal Audit Specialist: Underwriting exists in Santam Corporate Services to be based in Alice Lane Sandton, Gauteng.

What will you do?

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.
• Understanding of an outsourced business model; and experience in performing underwriting and reinsurance reviews.
• Working knowledge and understanding of treaty, facultative reinsurance processes and reinsurance accounting would be advantageous.

Skills

• Knowledge of personal lines, corporate & 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 365 (Word, Excel, Powerpoint) 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.

Competencies

• Collaborates
• Client focus
• Drives results 
• Resilience
• Cultivates Innovation
• Strategic Decision Making
• Analytical Thinking
• Business acumen