Insurance Compliance Officer

Placements24; LegKraal Gate; Hybrid; ZAR 420,000 - 540,000; Full time

Benefits offered by this job

Medical aid

Retirement fund contributions

Professional development opportunities

Job summary

Placements24 is hiring an Insurance Compliance Officer in Mahikeng, North West. The role ensures adherence to FAIS, FICA and internal policies, with oversight of regulatory changes and audits in a hybrid setting.

You will develop and implement compliance programs, conduct internal audits, and train staff on requirements while liaising with regulators and auditors to safeguard the company’s regulatory standing. This position emphasizes integrity and meticulous risk management.

Qualifications

• 4+ years in compliance, legal, or risk in insurance.
• Strong knowledge of South African insurance regulation (FAIS Act, FICA).
• Experience in developing and implementing compliance programs.
• Excellent written and verbal communication; ability to draft policies and reports.
• Detail-oriented with high accuracy.
• Ability to work hybrid, remote and in-person.
• Integrity and strong ethics.

Responsibilities

• Monitor and interpret insurance laws, regulations and guidelines.
• Develop, implement and maintain compliance policies and procedures.
• Conduct internal audits and risk assessments for breaches.
• Provide staff guidance and training on compliance requirements.
• Investigate compliance concerns and implement corrective actions.
• Liaise with regulators and external auditors.
• Prepare compliance reports for management and authorities.
• Keep abreast of emerging compliance risks in insurance.
• Ensure operations comply with legal and regulatory frameworks.

Skills

Analytical skills

Problem-solving

Investigative skills

Policy drafting

Report writing

Communication skills

Education

Tertiary qualification in Law/Finance/Business

Job description

About the Role

Our client, a reputable firm within the financial services sector, is seeking a diligent and knowledgeable Insurance Compliance Officer to ensure adherence to all regulatory standards and internal policies. This role is vital for maintaining the integrity and legal standing of the company's operations. The position is offered on a hybrid basis, allowing for collaborative work in the office and focused administrative tasks remotely. You will be responsible for monitoring regulatory changes, implementing compliance programs, and conducting internal audits to mitigate risks. If you possess a strong understanding of insurance regulations and a meticulous approach to compliance, this is an excellent opportunity to contribute to a stable and ethical organization in Mahikeng, North West . We are committed to maintaining the highest standards.

Key Responsibilities

• Monitor and interpret relevant insurance laws, regulations, and industry guidelines.
• Develop, implement, and maintain effective compliance policies and procedures.
• Conduct regular internal audits and risk assessments to identify potential compliance breaches.
• Provide guidance and training to staff on compliance requirements and best practices.
• Investigate compliance concerns and breaches, recommending and implementing corrective actions.
• Liaise with regulatory bodies and external auditors.
• Prepare and submit compliance reports to senior management and regulatory authorities.
• Stay updated on emerging compliance risks and trends within the insurance industry.
• Ensure all company activities and operations are in compliance with legal and regulatory frameworks.

Requirements

• A minimum of 4 years of experience in a compliance, legal, or risk management role within the insurance industry.
• In-depth knowledge of South African insurance legislation and regulatory frameworks (e.g., FAIS Act, FICA).
• Proven experience in developing and implementing compliance programs.
• Strong analytical, problem-solving, and investigative skills.
• Excellent written and verbal communication skills, with the ability to draft policies and reports.
• Detail-oriented with a high degree of accuracy.
• Ability to work effectively in a hybrid environment, managing tasks remotely and collaborating in person.
• Relevant tertiary qualification in Law, Finance, Business, or a related field is highly desirable.
• Integrity and a strong ethical compass.

Benefits

Our client offers a competitive salary and a comprehensive benefits package, including medical aid and retirement fund contributions. The hybrid work model provides flexibility, blending office-based collaboration with remote work efficiency. You will have opportunities for professional development and continuous learning in the evolving field of insurance compliance. This role offers stability and the chance to work within a respected organization known for its ethical practices in Mahikeng . Join a team dedicated to upholding the highest standards of integrity and regulatory adherence within the insurance sector.