Insurance Analyst

3 weeks ago

Johannesburg, Gauteng, South Africa NTT Ltd. Full time
Job title : Insurance AnalystJob Location : Gauteng, JohannesburgDeadline : March 14, 2025Quick Recommended Links
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Your day at NTT DATA

  • The Insurance Analyst works within a high performing internal Insurance function for NTT Data Inc. This insurance function considers and where possible manages the placement of global insurance policies, procedures and processes that are common to all subsidiaries within the Group.
  • As an Insurance Analyst, you are an experienced individual with appropriate qualifications and play an integral role in the day-to-day running of our business. You will be responsible for assisting on insurance-related matters across our global operations.
  • This role reports directly to the Senior Director: Insurance- Risk and Compliance.

What you'll be doing

Key Roles and Responsibilities:

  • Assist in the ongoing development and management of the Insurance Programme to meet the evolving needs of the organisation and discharge its professional responsibilities.
  • Assist in the renewal of the annual Insurance Programme in a timely, efficient, and detailed manner. This includes sending out and the collection of renewal templates, collecting information from various functions and Units across NTT Data Inc, performing data quality checks, participating in meetings with colleagues, insurers, and insurance underwriters and focusing on continuous and efficient improvement. It includes applying reasonability tests and identifying patterns in data submitted by each Unit for renewal purposes.
  • Assist in the annual insurance premium allocation process in a timely, efficient, and detailed manner. This includes an understanding of global and local charges and the workings of the internal model, sending out allocation letters and the recovery of same, participating in meetings with colleagues, the finance department, and insurers. This includes ongoing engagement, tracking, communication and follow-up with various finance communities across NTT Data Inc.
  • Assist in updating and obtaining annual insurance documents for subsidiaries in a timely and efficient manner and where possible assisting in the review of contractual and commercial insurance obligations.
  • Assist in providing daily professional internal insurance support to NTT Data Inc with high levels of customer service, knowledge of the business and the insurance programme.
  • Provide support in effectively managing change within the business that impacts data gathering, contact points and the insurance approach through involvement in the Risk Management process, Operating Model updates and updates from the NTT Ltd. Group Executives and Management. In addition, the updating of key insurance data which supports the effectiveness and accuracy of the insurance programme is critical. This includes quarterly updates and reporting.
  • Ongoing liaison with business and NTT Data Inc chosen service provider to manage and provide and receive updates on all insurance claims and losses.

Knowledge, Skills and Attributes:

  • Ability to digest and interpret complex business problems
  • Strong written and oral communication skills
  • Strong numerical analysis and calculation skills supported by proficient MS Excel knowledge.
  • Impeccable attention to detail and quality orientated
  • Strong time management skills

Academic Qualifications and Certifications:

  • Appropriate Graduate Degree
  • Short-term Insurance Qualification would be advantageous

Required Experience:

  • A minimum of 3-5 years insurance experience, or at least four years in an equivalent role in a multinational organisation.
  • A basic knowledge of insurance risk management with the necessary competencies to explain and analyse the fundamental concepts, principles, and processes of risk management, with special reference to short-term risk exposures.
  • Experience in the Technology Sector experience is important.
  • Demonstrable experience with and understanding of the deliverables of a multinational organisation and exposure to diverse cultures.
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