Posted on :
2 Apr, 2015
2 Apr, 2015
The Young Professionals –In-Training (YPT) role within Group Insurance will focus on the various Insurance and Claims Processes. Operating Division : Transnet Group Services
Position Title : Young Professional
Employee Group : Trainee
Department : FI, Group Insurance, GRP
Location : Johannesburg
Reporting To : Portfolio Manager
Grade Level : YPT
Reference Number : 6002307
The Young Professionals –In-Training (YPT) role within Group Insurance will focus on the various Insurance and Claims Processes within the different Insurance Portfolios, which include amongst others, Assets All Risk & Business Interruption, Construction Insurance, Injury on Duty, Marine & Aviation & Claims Systems.
YPTs will also be exposed to orientation, on-job training, technical, professional development and action-learning initiatives.
Position outputs :
•Assets All Risk Programme
•Annual Insurance renewal process
•Active involvement in the risk engineering underwriting surveys to identify risks and exposures
•Claims recoveries on behalf of all Transnet Operating Divisions
•Assets Claims on behalf of all Transnet Operating Divisions
•Risk retention vehicle, rolling stock & other Assets (Aggregate Fund)
•Identify and mitigate strategic, operational and insurance related risks and exposures and identify all control breaches and ensures in conjunction with ODs and Specialist Units closure of such breaches.
•Managing relationships with brokers, legal firms, loss adjusters, insurers both (international and local)
•Insurance compliance and advice
•Monthly reports and statistics
•Identification of risks, determination of the appropriate level of risk transfer and secure the optimal coverage for the organisation for all construction activities.
•Collate underwriting information and review coverage specifications from insurance brokers for all new projects.
•Oversee construction insurance placements with regards to terms, conditions and pricing.
•Oversee loss control and claims on all projects.
•Monitor and report on Operating Division and Specialist Unit compliance with insurance and claims process/ procedure for construction risks.
•Advise and consult on pending new projects with regards to budgeting, insurance requirements of various parties as well as mitigating risks.
Third Party Liability Claims, Group Personal Accident Policies
•Management of General Liability claims in terms of the Law of Delict and the General Liability Policy terms and conditions.
•Claims process, including investigation, negotiation and settlement of third party claims
•Inspections in Loco, Attending Courts of Law, Consulting with Attorneys & Witnesses
•Effective management of the Group Personal Accident Policies
•Reporting and statistics
•Communicate insurance and claims handling measures, protocols and standards to all employees at all levels of the organisation
•Transnet Funeral Benefit Scheme
INJURY ON DUTY CLAIMS
•Annual assessment payable to the Compensation Commissioner
•Administration of Compensation for Occupational Injuries and Diseases claims in compliance with the Workmen’s Compensation Fund
•Handling of all correspondence regarding claims and settlement of accounts between injured employees and Operating Divisions, Specialist Units and suppliers.
•Payment of Medical accounts
•Investigate queries relating to medical accounts.
Qualifications & Experience :
•LLB, B Proc, BCom (Law) or BCom (Information Systems) qualifications from a recognised South African Tertiary Institution.
•Transnet will only consider applicants that are currently unemployed.
•Insurance & Claims Knowledge
•Magistrate & High Court procedures
•Case law knowledge and application
•Excellent verbal and written communication skills
•Attention to detail
•Decision making and sound initiative
The closing date is on 10.04.2015. It is the responsibility of the applicant to ensure that HR has received the application before the closing date of the advertisement.
Applicants that are interested in applying for any of the advertised positions must apply by registering on the Careers section of the Transnet Internet. Please take care in completing all required details on the profile, and then apply for the position.