Job Description

Introduction

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at www.momentumgroupltd.co.za

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Overseeing the efficient execution and monitoring of all motor claims procurement- related tactical initiatives, processes, procedures, systems and employees. Collaborate with internal stakeholders to align claims procurement activities with business objectives. Additionally, the role involves fostering continuous improvement, and leveraging data-driven insights to enhance claims procurement performance.

Requirements

Bachelor's Degree or relevant qualification
5yrs+ experience working in a short- term insurance essential
3-5years management experience
Intermediate to expert level understanding of CodePlex and software procurement trends
5yrs+ Experience in managing the end-to-end procurement process.
5yrs+ Experience in non-motor procurement (advantageous)
Advanced experience in Microsoft Suit
Knowledge of the legislative impact on the insurance and financial services industry
Knowledge of the procurement claims value chain

Duties & Responsibilities

Managing the claims procurement specialist team [high-level of productivity & performance, including performance management]
Hold monthly one-on-one meetings to discuss any performance & development topics with employees and conduct monthly employee audits to confirm if Business Score Card objectives are achieved
Support and align department to all Momentum Insure strategic objectives, such as developing supplier and assessment strategies related to cost containment, supplier management and superior customer experience.
Partner with Momentum Insure's internal stakeholders [Actuarial, Underwriting, Legal, Claims, Sales, and Servicing] to understand business needs.
Ensure that procurement policy and guidelines, support the needs of Momentum Insure, and best practice & code of ethics is applied and delivered.
Assist with complaints received via the Service Provider Conduct escalation process.
Audit claims to ensure that the right recommendations were made in the assessed report, compared to the policy cover.
Investigate and report on potentially fraudulent claims.
Identify innovative opportunities to improve efficiencies, client experience and claims costs
Manage service provider relationships and performance [including performance management & termination]
Present procurement initiatives to the Claims Procurement Steering Committee and implement procurement initiatives approved.
Manage Broad-Based Black Economic Empowerment initiatives and legislative requirements [preferential procurement]
Manage Enterprise and Supplier Development initiatives and legislative requirements
Draft and submit monthly reports for the Head of Claims Procurement and the Claims Procurement Steering Committee
Support the Head of Procurement in the delivery of procurement strategies relating to all spend areas as well as assisting in complex negotiations that will optimize the overall commercial position of Momentum Insure
Manage the end-to-end procurement process (including CRM) for key contracts in collaboration with key business areas i.e. claims operations, investigations and legal
Ensure processes and procedures related to supplier and team management are fully documented and followed.
Work closely with Momentum Group procurement team to manage B-BBEE in line with Momentum Group transformation strategy & targets.
Deliver competitive advantage through cost savings relating to average cost of claim, CodePlex implementation and supplier management.

Competencies

Communication skills
Problem-solving skills
Planning and organising skills
Interpersonal skills
Business acumen
Influencer [building relationships]
Teamwork: Support team and department strategy
Reliance: the ability to work independently without constant micro-management
Client-centric mindset
Detail orientated: Specifically building standards and rates
Accountability
Ethics [Honesty & Trust]
Negotiating skills/solution driver
Ability to handle/manage stress
Conflict Management
Knowledge of the procurement claims value chain
Networking
Leadership and Management skills
* MIS Analysis & Data Interpretation