Our client Provides world classagricultural finance to the agricultural industry. They are currently looking to employ a SeniorPublic Officer. The public officer is a statutory appointment in terms of the Long-term andShort-term Insurance Acts with statutory duties and other functions.Job Advert Summary     
MainPurpose of the Job
Thepublic officer is a statutory appointment in terms of the Long-term and Short-term Insurance Actswith statutory duties and other functions. The appointment is subject to the approval of theFinancial Services Board who has the authority to terminate the appointment if it so wishes and upongood cause shown. The primary function of a Public Officer is to oversee and manage compliance withinsurance legislation. Manages the compliance function for LBLIC and LBIC.
 
Key PerformanceAreas               
ManageLegal and Compliance for LBLIC and LBIC

Review and analyze currentlegislation and regulations to determine and confirm the areas of compliance

Conduct research into new/proposed legislation to determine the areas of compliance, possiblerisks to the company and the impact of the business

Influence new/amendedlegislation/regulations where required to ensure the best possible position for the Company

Consult the relevant role players to inform them of the Compliance Requirements andthe Impact on business

Submit the compliance documentation to the relevantgovernment entities for approval if required

Communicate and educate staff on thecompliance requirements with the relevant role players

Implement the compliancerequirements as determined to ensure that compliance is achieved

Monitor businessagainst the compliance requirements and take rectification actions where required

Compile the necessary reports reflecting the performance against the compliance requirements

Compliance in accordance with policies, procedures and legal requirements

Complete compliance actions within the allocated time frames


 
Reporting in respect of compliance, legislation, implementation oflegislation and issues of non-compliance

Sign and submit documentsprescribed by the Registrar, such as the statutory returns.

Sign and submit formsthat the insurer must use to apply for approvals, or notify the Registrar of certain matters, underthe Long-term and Short-term Insurance Acts.

Participate in and/or facilitatecommunication (oral, written and electronic) between the Registrar and the insurer.

Co-ordinate visits and requests for information by theRegistrar               

Participate in meetings between the Registrar and the insurer.

Receive directives and other documents from the Registrar.

Manage compliancewith the Long-term and Short-term Insurance Acts

Appropriately and effectivelydeal with directives, circulars, letters, requests and other information from the Registrar.

Manage Compliance Risk

Establish an audit committee to review thecompany’s compliance, among others, with legal and regulatory provisions, its articles ofassociation, code of conduct, by-laws and the rules established by the board

Receive service of legal documents and / or processes in connection with any legal proceedingsinstituted against the company.

Certify as true and correct any special resolutionpassed in terms of section 37(1) and section 36(1) of the Long-Term Insurance Act and Short-TermInsurance Act respectively.


 
StatutoryRepresentative to FSB on Compliance and Legal Matters of LBIC & LBLIC

Coordination of FSB quarterly meetings;

Coordination of FSB onsite visits(ad-hoc);

Signing off the FSB life and short-term company’s quarterlyreturns

Signing off the FSB life and short-term company’s annualreturns;

Submission of the FAIS annual report to the FSB.

Timeous response to FSB correspondence and distribution to relevant


 
Legal advisory Services

Review deals andprovides legal advice from origination

Once deal is approved provides legal adviceregarding deals including structure, contracts (FSB regulations)

Reviews, draftsor vets contracts

Brief external council if external counsel is required

Conducts due diligence of deals

Management of litigation – briefattorneys, submission of documentation, affidavits, consultations with counsel


 
People Management
Performance Management

Analyze the business plan to determine the applicable deliverables and targets

Compile the Performance Management documentation in collaboration with the staff member in termsof:



Job Profile requirements

Key PerformanceAreas

Personal Development Plan

Conduct performance planningsession and Track and monitor performance in accordance with performance contracts



Conduct performance reviews in accordance with policies and procedures and takecorrective actions where necessary

Provide coaching and feedback to employees onhow to improve and sustain their performance

Lead the department by managingappointments, promotions, and industrial relations issues conjunction with the Human Capital SupportService Unit

Conduct disciplinary actions as per the Bank’s policy andprocedure where necessary


 
CapacityPlanning

Determine the human resource requirements, in accordance withthe expected deliverables and current capacity

Secure the human capitalrequirements to ensure that deliverables will be met in accordance with the expected targets

Set and achieve employment equity targets.

Minimize staffturnover

Lead the department in such a manner as to foster innovation andtechnological excellence.

Demonstrate behavior aligned to the corporate bankvalues

Equitable distribution of responsibilities and accountabilities and planappropriate human capacity and full utilization for projects under management


 
Preferred Minimum Education andExperience

Legal Degree & Admitted Attorney

8 years’ experience as a compliance officer / legal advisor / public officer at asenior level environment

8 years’ experience with sound knowledge of ShortTerm Insurance Act, Long Term Insurance and Financial Advisory Services Act & FSBRegulations

3 years’ experience as a compliance officer / legal advisor /public officer at a senior level in the Short Term and / or Long Term Insurance environment.


If you fit this profile, please load your CV onthe Datacentrix website. To view more of Datacentrix IT jobs, go to www.datacentrix.co.za and click on‘Search Jobs'
 
 
 
 
 
 
Critical Competencies    

BusinessAcumen

Compliance with regulations

Policies and Procedures

FSB

Legislation and Regulations

Legal Advisory

Financial Services Board Directive

No 138.A.i (LT&ST)

Issued on the 30 January 2004.

Compliance with insurance legislation


 
AdditionalRequirements             

Travel and as when required

Extended hours asand when required