Transnet Young Professional Graduates Programme
Young Professional – 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.
Transnet Young Professional Programme Outputs
Transnet Young Professional 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 Construction Insurance
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
Transnet Young Professional 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