Minimum Requirements
Qualifications:
BCom (auditing / finance) or equivalent three qualification in auditing, insurance, risk management or commercial studies.
Highly advantageous:
Post graduate qualification in insurance or commercial studies.
Certification in Insurance, QA, CIA, or any other related qualification.
Experience:
5 years of full-time experience in quality assurance, auditing, accounting, or risk management (all or a combination).
Insurance industry experience.
Duties and Responsibilities:
Not limited to:
Strategic alignment:
Provides input during the development of the quality assurance department's strategy.
Assist in the development of the annual plan and key performance indicators.
Identify business risks related to their work.
Develop annual project plans for tasks/areas allocated to them.
Manage and ensure regular and monthly reports of projects under their responsibility.
Develop, update, and submit for approval QA procedures, process flows, and templates for tasks/areas allocated to them.
Technical: Quality Assurance Reviews, Projects:
Validate, test the accuracy and completeness of the Underwriting Process by reviewing:
Validate the application and insurance quotation process.
Test the accuracy and completeness of the application vs the cover that has been underwritten.
Recalculate the premium for accuracy.
Review the covers for insurability and compliance with the company underwriting regulations.
Review the final policy schedule and/or coupon for accuracy and completeness.
Ensure all relevant endorsements and annexures forming part of the insurance contract are attached, distributed, or communicated to policyholders.
Review the Policy and Coupon Administration Process for adequacy and effectiveness by:
Checking if company coupons and policies are issued correctly and completed in full.
Checking that company coupons and policies are issued in time.
Ensuring that company coupons are not backdated without prior authorization from the company.
Ensuring that the process of refunds and cancellations is adequate and effective.
Ensuring endorsements are processed accurately and documented in accordance with company regulations.
Ensuring that the correct and valid coupon stationery is used when issuing company covers.
Review compliance with relevant laws and regulations by testing and correcting the following requirements:
Disclosure of sections covered by the company policy.
Cost of cover.
Inclusion of the correct and complete disclosure information.
Operational: Administration of QA projects (Agent Companies):
Using the QA annual plan, identify and contact the agent company to be reviewed at least 6 weeks in advance.
Identify and contact the relevant process owners to prepare and arrange the project planning and start-off session.
Set up and conduct interviews with all process owners and relevant support staff members or functions to scope and develop the project plan or start of the fieldwork.
Coordinate and confirm the traveling and administrative logistics for the fieldwork.
Execute the quality assurance monitoring or consultative project.
Provide regular project updates (project milestones) and communicate the results of the project.
Set up the follow-up project schedule, execute retesting, resolve process gaps/risks, and report the outcomes of the follow-up project.
Customer Relations: Internal departments or Ad-hoc QA projects:
Determine the deliverables of the project.
Scope and obtain approval of the project.
Develop a project plan with clear and documented project objectives, approach, scope, resources, and timelines.
Communicate the results of the project.
People Management:
Manage team performance of junior QA staff members or interns and report to the quality assurance manager (QAM).
Establish and maintain a positive working environment that will contribute to improved staff morale and increased productivity.
Conduct regular informal reviews and continuous coaching, mentoring, and counseling as required - documented evidence.
Ad hoc duties:
Perform any reasonable task as and when required by the Line Manager.
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