Insurance Compliance Officer

Placements24; East London; Hybrid; CAD 113,000 - 169,000; Full time

Benefits offered by this job

Hybrid work model

Competitive salary

Medical benefits

Professional development

Job summary

Placements24 is seeking an Insurance Compliance Officer to join a forward-looking team in East London. You will develop, implement, and monitor compliance programs to ensure adherence to insurance laws and regulatory requirements.

Responsibilities include internal audits, reporting to authorities, staff training, and advising management on regulatory changes. The ideal candidate has strong analytical skills, integrity, and a track record in the insurance sector.

Qualifications

• Bachelor's degree in law, business administration, finance, or related field.
• Experience as a Compliance Officer in the insurance sector.
• Knowledge of insurance regulation frameworks and legal requirements.
• Strong analytical, investigative, and communication abilities.

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor adherence to insurance laws, regulations, and standards.
• Conduct internal audits and reviews to assess compliance effectiveness.
• Investigate potential compliance breaches and recommend corrective actions.
• Prepare and submit regulatory reports to authorities.
• Provide training and guidance to staff on compliance topics.
• Stay updated on regulatory changes and advise management.

Skills

Analytical skills

Investigative skills

Problem-solving

Report writing

Communication

Integrity

Ethics

Education

Bachelor's degree in Law, Business Administration, Finance, or related field

Job description

About the Role

Our client is seeking a diligent and knowledgeable Insurance Compliance Officer to join their team in East London . This role is crucial for ensuring that all company operations adhere strictly to the complex web of insurance regulations and legal requirements. You will be responsible for developing, implementing, and monitoring compliance programs, conducting internal audits, and advising management on regulatory changes. This is an excellent opportunity for a detail-oriented professional to play a vital role in maintaining the integrity and ethical standards of a leading insurance provider.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor adherence to all relevant insurance laws, regulations, and industry standards.
• Conduct internal audits and reviews to assess compliance effectiveness.
• Investigate potential compliance breaches and recommend corrective actions.
• Prepare and submit regulatory reports to relevant authorities.
• Provide training and guidance to staff on compliance-related matters.
• Stay abreast of changes in the regulatory landscape and advise the company accordingly.

Requirements

• Bachelor's degree in Law, Business Administration, Finance, or a related field.
• Proven experience as a Compliance Officer or in a similar regulatory role within the insurance industry.
• In-depth knowledge of South African insurance legislation and regulatory frameworks.
• Strong analytical, investigative, and problem-solving skills.
• Excellent report-writing and communication abilities.
• High level of integrity and professional ethics.
• Relevant professional qualifications in compliance are a plus.

Benefits

• Competitive annual salary and potential for performance-based incentives.
• Hybrid work model allowing for a flexible work-life balance.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and ongoing training.
• A professional and ethical work environment focused on upholding standards.