Mohamed Faisal Hoosen

An experienced Insurance professional with 20+ years’ experience, bringing a wealth of strengths and technical expertise to the insurance industry. With a strong focus on underwriting, claims, and reinsurance and audit management, I specialize in both Personal and Commercial Insurance, particularly Commercial Property classes. I have extensive knowledge and experience in all facets of reinsurance, including treaty and facultative operations, and I am skilled at analyzing complex reinsurance agreements, ensuring alignment with insurers' underwriting methodologies and risk appetites. My technical expertise extends to reinsurance accounting processes, risk assessment, and control evaluation, enabling me to identify key areas for improvement and formulate effective audit procedures. I have a deep understanding of regulatory frameworks such as Own Risk Solvency Assessment(ORSA), and I excel in risk identification, control assessments, and business process mapping. My proficiency in managing reinsurance recoveries and handling underwriting processes enhances my ability to guide business decisions within the framework of sound risk management strategies. Throughout my career, I have developed a strong ability to manage audits across the Santam Group, collaborating with key stakeholders and second-line assurance providers to ensure compliance and optimize operational efficiency. My experience in stakeholder management and client engagement allows me to deliver actionable insights that align with business goals. Additionally, I have a solid background in overall insurance operations, including counterparty credit risk and currency exposure. I am currently pursuing a BCom in Insurance (NQF7) to further enhance my professional growth, I hold several advanced certifications in short-term insurance, leadership, and business management. I thrive in collaborative team environments and commit to advancing my career in reinsurance operations and underwriting, aligning with my long-term career aspirations. Hardworking Audit Manager with 20+years of experience with four companies. Results-driven with specialized knowledge of SEC reporting. Dynamic team player with history of managing teams of up to six auditors.

• Santam Leadership Excellence Programme, University of Cape Town Graduate School of Business, Emotional Intelligence
• Business Writing
• Regulatory Exams (RE05)
• Introductory Programme to Short Term (Non-Life) Insurance-Reinsurance and Personal Lines
• Practices of Short-Term Insurance
• COP
• Wits Language School, 2022
• FPi, 2013
• ICiBS, 2005
• IISA, 2003

• Date of Birth: 06/08/81
• Nationality: South African

• Short-Term Insurance Act, 1998 (Act No. 53 of 1998)
• Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)
• Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001)
• Board Notice 158 of 2014
• GOI Standards (Prudential Standards)
• International Professional Practice Framework for Internal Auditing (IPPF)
• Global Internal Audit Standards (New and upskilling daily)