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This job involves looking at regulations and legislation and how they affect claims. You will be responsible for checking on all the circumstances surrounding a claim and then assess any damages and determining whether its covered by the policyholder’s insurance policy. Specialist claims and high-risk claims would also be part of this portfolio.
DO YOU HAVE …
Mathematics and accounting at school will help you access this career path.
LEARNING PATHWAYS
For more information
Insurance Institute of South Africa
www.iisa.co.za
As a Financial Advisor, your focus will be ensuring the sound financial position of clients.You will do this by offering expert advice on how clients can best manage their money.There are several different types of Financial Advisors but all must have a professional qualification and follow strict finance and insurance industry rules.
A recognised qualification in commerce, finance, accounting or financial planning would be required for professional status. Financial advisers are also required to pass regulatory exams to obtain an operating license.Thereafter, advisors must ensure they are compliant with the Financial Advisory and Intermediary (FAIS) Act on an ongoing basis and may apply for the designation of certified Financial Planner with the Financial Planning Institute (FPI).
YOU NEED TO …
LEARNING PATHWAYS
The Financial Advisory and Intermediary Services Act (FAIS), is legislation that impacts the financial services industry and aims to regulate the giving of advice and rendering of intermediary services to clients, as well as certain other issues.The Act impacts most financial institutions, financial service providers and their representatives.
For more information
Financial Planning Institute
www.fpi.co.za
Risk and compliance is one of the fastest growing-areas of employment in the finance sector and a popular choice for those with an eye for detail.The main focus of a Compliance Officer is to stay up to date with the policy and procedures of the company they are working with and to stay up to date with current market trends and new and existing legislation.
As a compliance officer, you’re responsible for ensuring a company complies with its outside regulatory requirements and internal policies. In short, you are responsible for making sure that your employer plays by the rules.
YOU’LL NEED TO HAVE …
LEARNING PATHWAYS
Once you have completed your studies, you can complete courses with the Compliance Institute of Southern Africa to be recognised as a Compliance Practitioner
For more information
Compliance Institute of Southern Africa
www.compliancesa.com
ICT system analysts specify the system needs to meet the end user requirements.They analyse system functions in order to define their goals or purposes and to discover operations and procedures for accomplishing them most efficiently.They also design new IT solutions to improve business efficiency and productivity, produce outline designs and estimate costs of new systems, specify the operations the system will perform, and the way data will be viewed by the end user. They present the design to the users and work closely with the users to implement the solution.
YOU’LL NEED TO HAVE …
LEARNING PATHWAYS
As an insurance broker, you will work as either an independent or an insurance agent to sell various types of short-term or long-term insurance cover. Your clients might be individuals, businesses or other small to large organisations. It is your job to “be the middle man”, determining the most suitable insurance products and services for your clients.
Although this area of work is open to graduates and diplomates of any discipline, tertiary qualifications in Risk insurance, Business management, Finance or related areas of study may improve your chances.
You need to obtain a qualification that is recognised by the Financial Service Board (FSB) as either being generally or specifically relevant to the category of Financial Service Practitioner (FSP) you wish to be registered in.
YOU NEED TO HAVE …
LEARNING PATHWAYS
For more information
Insurance Institute of South Africa www.iisa.co.za
Financial Services Board www.fsca.co.za
A claims administrator is an individual who manages claims in the insurance industry.These professionals act as third parties between customers, businesses, and insurance companies and play an important role in class action lawsuits and in cases where customers seek compensation for injuries or damages.A claims administrator collaborates with insurance companies and researches claims to determine if the company is liable in conditions where clients seek damages.
SKILLS REQUIRED
For more information
Insurance Institute of South Africa
www.iisa.co.za
A sales and marketing manager is responsible for researching and developing marketing opportunities and planning and implementing new sales plans. The sales and marketing manager will also manage both the marketing and sales staff and will perform managerial duties to meet the company’s operational goals.
RESPONSIBILITIES INCLUDE
YOU NEED TO HAVE …
LEARNING PATHWAYS
For more information
The Marketing Institute of South Africa
Software developers (also known as computer programmers) design, build, install, test and maintain software systems that help businesses and equipment work effectively and efficiently. Software developers are responsible for:
RECOMMENDED SUBJECTS AT SCHOOL
Contact each institution for their specific requirements, but these subjects are recommended:
LEARNING PATHWAYS
Insurance Agents are responsible for identifying sales opportunities for insurance plans and overseeing a portfolio of clients. Also known as Insurance Sales Agents, these professionals are responsible for identifying risk management strategies, handling policy renewals, and tracking claims.
THEY ARE RESPONSIBLE FOR:
YOU NEED TO BE:
STUDY PATHWAYS
The study route you follow will determine how long it takes you to become a qualified insurance agent
For more information:
Insurance Institute of South Africa
An actuary is a professional who applies analytical, statistical and mathematical skills to financial and business problems. This is especially valuable when facing real-world problems that involve uncertain future events.
AN ACTUARY…
IT TAKES 8 – 10 YEARS TO BECOME AN ACTUARY (SO YOU WOULD BE IN THIS FOR THE LONG HAUL) BUT IF YOU ARE THE RIGHT SORT OF PERSON FOR THIS CAREER, IT IS AN EXTREMELY REWARDING CAREER
One can only study actuarial sciences at a university that has been accredited by the Actuarial Society of South Africa. Accredited universities include:
To access actuarial studies, you are required to achieve the following:
For more information:
Actuarial Society of South Africa