Insurance Risk Manager

Placements24; Willows (CA); Hybrid; USD 91,000 - 151,000; Full time

Benefits offered by this job

Hybrid work arrangement

Job summary

Placements24 is seeking an experienced Insurance Risk Manager to lead risk identification, assessment, and mitigation across the organization. Based in Welkom, Free State, the role requires developing robust frameworks, policies, and procedures to safeguard assets and financial stability.

The ideal candidate has extensive knowledge of risk management principles, insurance operations, and leadership capabilities, with a track record in enterprise-wide risk programs and regulatory compliance.

Qualifications

• Minimum 7 years of risk management experience in the insurance industry.
• Bachelor's or Master’s degree in a related field (Risk Management, Finance, Insurance, Business Administration).
• CRM, CRISC or equivalent certifications are desirable.
• In-depth knowledge of insurance principles, underwriting, claims processes, and regulatory frameworks.
• Proven ability to develop and implement enterprise-wide risk management programs.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent communication, negotiation, and interpersonal abilities.
• Demonstrated leadership and cross-functional team management.
• Familiarity with risk management software and data analysis tools.

Responsibilities

• Develop, implement, and maintain insurance risk management strategies and frameworks.
• Conduct risk assessments and audits to identify threats and vulnerabilities.
• Analyze claim data, loss trends, and market conditions to forecast financial impacts.
• Design risk mitigation strategies and internal controls.
• Collaborate with legal, compliance, and operations to ensure regulatory adherence.
• Manage insurance portfolio placement, renewal, and optimization.
• Deliver training on risk management best practices to staff.
• Monitor emerging risks and industry best practices for proactive adjustments.
• Prepare risk reports for senior management and board of directors.
• Investigate and manage significant insurance incidents or claims.

Skills

Risk management

Leadership

Analytical thinking

Communication

Insurance knowledge

Education

Bachelor's degree

Master's degree

Tools

CRM/CRISC knowledge

Job description

About the Role Our client, a prominent entity within the insurance sector, is actively seeking an experienced Insurance Risk Manager to join their strategic team based in Welkom, Free State . This senior position is responsible for identifying, assessing, and mitigating insurance-related risks across the organization. You will develop and implement robust risk management frameworks, policies, and procedures to safeguard company assets and ensure financial stability. The ideal candidate will possess a strong analytical background, extensive knowledge of risk management principles and insurance operations, and exceptional leadership capabilities. This is a crucial role for an individual passionate about proactive risk mitigation and contributing to the long-term success and resilience of the company.

Key Responsibilities

• Develop, implement, and maintain comprehensive insurance risk management strategies and frameworks.
• Conduct regular risk assessments and audits to identify potential insurance-related threats and vulnerabilities.
• Analyze claim data, loss trends, and market conditions to forecast potential financial impacts.
• Design and recommend appropriate risk mitigation strategies and internal controls.
• Collaborate with legal, compliance, and operational departments to ensure adherence to regulatory requirements.
• Manage the organization's insurance portfolio, including placement, renewal, and optimization of coverage.
• Develop and deliver training programs on risk management best practices to relevant staff.
• Monitor emerging risks and industry best practices, recommending proactive adjustments to strategies.
• Prepare detailed risk reports for senior management and the board of directors.
• Investigation and management of significant insurance incidents or claims, coordinating response efforts.
• Ensure the organization maintains adequate insurance coverage to protect against potential losses.

Requirements

• A minimum of 7 years of experience in risk management, with a significant focus on the insurance industry.
• A relevant Bachelor's or Master's degree in Risk Management, Finance, Insurance, Business Administration, or a related field.
• Professional certifications such as CRM (Certified Risk Manager), CRISC, or equivalent are highly desirable.
• In-depth knowledge of insurance principles, underwriting, claims processes, and regulatory frameworks.
• Proven experience in developing and implementing enterprise-wide risk management programs.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent communication, negotiation, and interpersonal skills.
• Demonstrated leadership abilities and experience managing cross‑functional teams.
• Proficiency in risk management software and data analysis tools.
• Familiarity with the financial services landscape in the Free State region is a plus.

Benefits

• Our client provides a highly competitive executive salary package, along with attractive performance-based bonuses and long-term incentive plans.
• Comprehensive benefits include superior medical aid, a generous retirement fund contribution, life assurance, and disability cover.
• Opportunities for continuous professional development, including advanced certifications and executive education, are actively supported.
• This role offers the chance to work in a strategic leadership position, shaping the risk profile of a key player in the Welkom insurance market, and contributing to the stability of the North West sector.
• A hybrid work arrangement offers flexibility.