Minimum Requirements QualificationsCom (auditing/finance) or equivalent three qualification in auditing, insurance, risk management or commercial studies.
OR relevant 3-year undergraduate equivalent qualification in insurance/auditing/accountancy/business management.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).Experience obtained in consultation, facilitation, or presentation.Non-life Insurance industry experience.Duties and Responsibilities Not limited to:Strategic Alignment.Provides input during the development of the quality assurance departments strategic plan.Provides input during the development of the departments budgets.Assist in the development of the annual plan and key performance indicators.Is required to identify business risks that are related to their work.Develops annual project plans and for tasks/areas that have been allocated to them.Manage and ensure regular and monthly reports of projects under own supervision.Develop, update, and submit for approval, QA procedures, or process flows, and templates for tasks/areas that have been allocated to them.Technical: Quality Assurance Reviews, ProjectsValidate, test the accuracy and completeness of the Underwriting Process by reviewing (but not limited to):Validate the application and insurance quotation process.Test the accuracy and completeness of the application vs the cover that has been underwriting.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.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.Check that company coupons and policies are issued in time.Ensure that company coupons are not backdated without prior authorisation from company.Ensure that the process of refunds and cancellations is adequate and effective.Endorsements are processed accurately and documented in accordance with the company regulations.Ensure that the correct and valid coupon stationery is used when issuing company covers.Review Compliance with the relevant laws and regulations by testing and correcting the following requirements:Disclosure of sections that are covered by the company policy.Cost of cover.Inclusion of the correct and complete disclosure information.Operational: Administration of QA projects 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 update (project millstones) and communicate the result of the project.Setup the follow-up project schedule, execute retesting, resolve process gabs/risks, and report the outcomes of the follow-up project.Customer Relations: Internal departments or Adhoc QA projects Determine the deliverables of the project.Scope and obtain approval of the project.Develop a project plan with clear and documented project objective, approach, scope, resources and timelines.Communicate the result of the project.Follow-up or assist management to implement the agreed solution
