Job Description

FNB is currently recruiting for an Insurance Head Third-Party (Band B). The role is responsible to lead and manage the third-party insurance operations in FNB.

Develop and implement strategies for third-party insurance operations, aligning with company goals.Monitor financial performance, including budgeting and forecasting aligned to tactical delivery plans for the third-party division.Integrate business information, and compare, analyse and produce reports to identify trends, discrepancies and inconsistencies for decision making purposes.Drive profitability by identifying cost-saving opportunities in third party relationships.Ensure all third-party activities comply with insurance regulations and company policies.Identify, assess, and mitigate risks associated with third-party partnerships.Conduct regular performance assessments for vendors, focusing on risk, compliance, and service quality.Implement and continuously improve risk control measures to safeguard the organisation.Cultivate strong relationship with third-party vendors and clients.Oversee third-party claims processes, ensuring efficient and fair handling.Focus on tactical service plans to deliver and continuously provide a consistent, seamless and positive customer experience.Establish mutually beneficial relationships with stakeholders that support thought leadership, innovative and integrated practice solutions.Demonstrate leadership behaviour through personal involvement, commitment and dedication in support of organisational values.

The ideal fit for the role:

Bachelor’s degree in Insurance, Actuarial or Finance.Strong knowledge of key technical insurance topics – finance, pricing, risk management and capital.At least five years’ experience in strategic and operational insurance work.Long-term and short-term insurance experience and knowledgeExcellent communication, negotiation, and relationship building skills.Proven ability to operate at both strategic and detailed level.Driven to consistently exceed expectations, strong work ethic and perseverance, with the ability to operate “in the grey”.

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

29/01/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.