Insurance Job Opportunities at Altima Africa - 3 Positions

The successful candidate will have the following primary responsibilities:

• Participate in the development and implementation of the vision, mission and strategic plan for the organization; 
• Leverage insights gained from customers, research on industry and economic trends and environmental information to improve business decisions and knowledge base for on-going operational and strategic planning; 
• Drive, track and monitor key metrics to confirm achievement of the risk and compliance plans and their contribution to the overall strategic business plan;
• Develop a Group Risk Policy that aligns with Group strategic Plan;
• Drive training & sensitization of employees on risk management & compliance;
• Update and consolidate the Enterprise Risk register within the organization;
• Prepare and present an annual Risk & Compliance Review Plan to the Board for consideration and approval; 
• Manage the execution of the Risk & Compliance assessment Plan;
• Engage stakeholders through the risk & compliance review process ensuring all stakeholders are kept informed at all stages of the review process;
• Facilitate statutory and external reviews;
• Prepare and present comprehensive and insightful reports for all risk and compliance assessments undertaken; 
• Track and monitor all Risk & Compliance assessments findings and ensure recommendations made are addressed; 
• Design and maintain a responsive Risk Management team; 
• Hold full financial responsibilities for the Risk & Compliance function; and 
• Develop departmental budgets, schedule expenditure, analyse variances and take corrective actions to address variances.

DESIRED COMPETENCIES

• Business Acumen;
• Drive for Results;
• Strategic Leadership;
• Financial Acumen;
• Analytical Skills; and
•   People Development.

MINIMUM QUALIFICATIONS

• A Bachelor degree in Accounting, Finance or Business related from a recognised institution;
• A holder of FRM/IRM/IRM/ACAMS or equivalent qualification;
• Proficiency in computer software applications and GRC software applications;
• A minimum of six (6) years of professional experience in Risk and Compliancein a reputable firm in a mid-senior role;

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The successful candidate will have the following primary responsibilities:

• Develop and implement operational plans, policies and goals that further strategic objectives;
• Establish, implement and update operational policies and procedures including adoption of IT systems geared to achieving high efficiency; 
• Establish and implement customer experience strategy; 
• Develop and update operational manuals, perform on-going training, review and communication; 
• Manage the daily activities and workflow of the credit team to move loans from origination to closing timely and efficiently; 
• Ensure loan operations are in compliance with set policies, applicable regulation and customer standards; 
• Establish and lead an efficient and productive working environment within the department; 
• Successful coordination of relationships with group functions and partner organizations with which we do business such as credit reference bureaus and banks; 
• Ensure effective collections and default management; 
• Conduct various assessments and audits to ensure department procedures are achieving accurate and desired results and resolve issues; 
• Manage staff performance by undertaking frequent feedback sessions including monthly one on one’s with each staff member; and 
• Ensure frequent and timely periodic formal and informal reporting.

DESIRED COMPETENCIES

• Financial Acumen;
• Drive for Results;
• Strategic Orientation;
•  Innovation & creativity;
•  Business Acumen; and
•  People Development.

M INIMUM QUALIFICATIONS

• A Bachelor’s degree in Finance, Banking, Economics, Statistics or related field; 
• Credit certification is an added advantage; 
• A minimum of five (5) years of experience in current loan operations and selection, implementation and operation of leading credit systems and supporting processed. With at least three(3) in a managerial level ; 
• Proficiency in insurance procedures, regulations and investigation methods; 
• Hands on experience in using relevant information systems for forensic and data analytics and commercial analytics tools; 
• Knowledge of product and process development; 
• Familiarity with several common consumer and SME lending structures including cash advances, term loans, line of credit, asset-backed loans, project financing, and small business loan financing; 
• In-depth underwriting experience in multiple credit verticals; and 
• Deep understanding of commercial implications of underwriting in the loan cycle.

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The successful candidate will have the following primary responsibilities:

• Identify fraudulent claims and organized criminal rings by analyzing internal and open source data; 
• Review and triage suspected fraudulent transactions identified by predictive models; 
• Provide input to IT data team to build effective algorithms aimed at identifying fraudulent claims and organized criminal rings;
• Analyze large data sets to spot outlier and anomalous behaviors’;
• Extract value and meaning from big data; 
• Support investigations of complex, large scale insurance fraud;
• Recommend new software tools used for fraud detection, prevention and reporting activities;
• Monitor constantly customer, service providers and transactional records to identify unauthorized transactions and fraudulent activities;
• Review and research evidence/documents to analyse the overall fact pattern of claims and synthesize data into a professional report with recommendations;
• Write clear, concise and professional reports detailing analytical findings; and
• Perform other related fraud investigation & security duties as assigned.

DESIRED COMPETENCIES

• Business Acumen; 
• Analytical Skills;
• Interpersonal Skills;
• Problem Solving Skills; and 
• Relationship Management.

MINIMUM QUALIFICATIONS

• A Bachelor’s degree ;
• A Certified Fraud Examiner (CFE) or similar qualification is an added advantage;
• · A minimum of three (3) years of experience in Insurance fraud investigations, criminal justice or law enforcement and forensic data analysis & intelligence analysis;
• Proficiency in insurance procedures, regulations and investigation methods; and
• Hands on experience in using relevant information systems for forensic and data analytics and commercial analytics tools.