Insurance Compliance Officer

Placements24; Paarl; On-site; ZAR 420,000 - 700,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Professional development

Job summary

Placements24 seeks an Insurance Compliance Officer in Paarl to ensure adherence to regulatory requirements and internal policies. You will develop, implement, and monitor compliance programs, provide guidance to staff, and stay updated on evolving legislation.

The role supports operational excellence in the Cape Winelands. With 5+ years in compliance or legal roles, you will have strong knowledge of SA insurance laws (FAIS, FICA), and be adept at audits, training, and risk mitigation.

Qualifications

• 5+ years of experience in a compliance or legal role within financial services or insurance.
• In-depth knowledge of South African insurance laws and reporting requirements (FAIS, FICA).
• Strong analytical and investigative skills with meticulous attention to detail.
• Excellent written and verbal communication, ability to explain complex regulations clearly.

Responsibilities

• Develop, implement, and manage the company's compliance program in line with legislation and industry standards.
• Conduct regular compliance audits and risk assessments across departments.
• Monitor regulatory changes and advise management on impacts and actions needed.
• Develop and deliver compliance training for employees at all levels.
• Investigate potential compliance breaches and recommend corrective actions.
• Maintain records of compliance activities and prepare regulatory reports.

Skills

Analytical skills

Investigative skills

Written & verbal communication

Education

Law/Commerce degree

Job description

About the Role

Our client is seeking a diligent and knowledgeable Insurance Compliance Officer to ensure adherence to all regulatory requirements and internal policies within their Paarl office. This role is critical for maintaining the integrity and reputation of the company by overseeing compliance activities and mitigating legal and regulatory risks. You will be responsible for developing, implementing, and monitoring compliance programs, providing guidance to staff, and staying updated on evolving legislation. This position offers a stable career path within the insurance sector, contributing to operational excellence in the heart of the Cape Winelands.

Key Responsibilities

• Develop, implement, and manage the company's compliance program, ensuring alignment with current legislation and industry standards.
• Conduct regular compliance audits and risk assessments across various departments.
• Monitor regulatory changes and updates, advising management on potential impacts and necessary actions.
• Develop and deliver compliance training programs for employees at all levels.
• Investigate potential compliance breaches and recommend corrective actions.
• Maintain accurate records of compliance activities and prepare regulatory reports as required.

Requirements

• Proven experience (5+ years) in a compliance or legal role within the financial services or insurance industry .
• In-depth knowledge of South African insurance laws, regulations, and reporting requirements (e.g., FAIS, FICA).
• Strong analytical and investigative skills with meticulous attention to detail.
• Excellent written and verbal communication skills, with the ability to explain complex regulations clearly.
• High level of integrity and professionalism.
• Relevant tertiary qualification in Law, Commerce, or a related field is preferred.

Benefits

• Competitive annual salary and potential for performance-based increases.
• Full-time, office-based role in a well-established company in Paarl .
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and certifications in compliance.
• A stable and secure working environment committed to ethical practices.