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Insurance and Payments Screening Officer - FSD
South African Reserve Bank
Posted 6 months agoPretoria, South Africa
Location
Pretoria, South Africa
Job Type
Full-time
Experience
Mid-Level
Category
Banking & Finance
Job Description
The successful candidate will perform insurance-related duties and payment screening functions within the Financial Surveillance Department (FSD) of the South African Reserve Bank.
Stay abreast of developments in the internal and external environment and broaden knowledge of functional area and insurance practices.
At least 2-3 years' experience in a financial/insurance services environment, specifically in insurance administration and anti-money laundering.
Knowledge and skills in: claims processing, project management, financial reconciliation, accounts payable, problem-solving, attention to detail, verbal and written communication, teamwork and client focus.
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Requirements
- Higher certificate (NQF 5) in insurance or equivalent qualification in a related field.
Responsibilities
- 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.
- Perform general administration including preparing payment instructions, data capturing and record-keeping.
- 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.
- Engage with relevant stakeholders, clients and service providers within the SARB Group and externally.
- Perform work independently within established practices, rules and regulations ensuring compliance with standards, policies and guidelines.
- Perform insurance-related accounting duties including reconciliation and application of value-added tax in accordance with accounting and SARB policies.
- Administer staff insurance cover by processing applications, arranging insurance cover and effecting premium deductions.
How to Apply
Apply via the SARB careers portal.
