(1005) Insurance and Payments Screening Officer – FSD needed at South African Reserve Bank

The successful candidate will be responsible for the following key performance areas:

• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.
• Perform insurance-related accounting duties (including reconciliation and the application of value-added tax) in accordance with accounting and SARB policies, relevant accounting standards and legislation.
• Administer the staff insurance cover by processing applications, arranging insurance cover and effecting premium deductions.
• Administer all insurance claims in accordance with insurance policies and practices.
• Gather, prepare and provide insurance underwriting and claims information to enable effective decision-making by clients, management and other relevant stakeholders.
• Perform general administration, including preparing payment instructions, data capturing and record-keeping, to ensure the smooth running of the section’s operations.
• Review and monitor transactions flagged by the payment screening system for potential matches to sanction lists.
• Investigate alerts to determine whether they are true matches and released according to guidelines.
• Engage at varying levels of seniority with relevant stakeholders/clients/service providers within the SARB Group and externally, displaying a service orientation and the ability to solicit information and convey and explain information fluently.
• Stay abreast of developments in the internal and external environment and broaden knowledge of functional area and insurance practices.
• Evaluate own performance against given criteria, and identify and address task-specific learning needs.

Qualifications

To be considered for this position, candidates must be in possession of:

• a higher certificate (NQF 5) in Insurance or an equivalent qualification; and
• at least two to three years’ experience in a financial/insurance services environment, specifically in the area of insurance administration and anti-money laundering. 

The following would be an added advantage:

• a Bachelor of Commerce degree in Accounting or Risk Management.