Insurance Portfolio Manager

Placements24; Durban; On-site; ZAR 1,000,000 - 1,700,000; Full time

Benefits offered by this job

Medical aid

Retirement benefits

Bonus potential

Vacation policy

Travel opportunities

Leadership programs

Dynamic work environment

Pension & life cover

Job summary

Placements24 is seeking an Insurance Portfolio Manager in Durban to oversee strategic management of diverse insurance product portfolios. You will analyze market trends, identify growth opportunities, and drive profitability across product lines, collaborating with marketing, actuarial, risk, and sales teams.

The role requires a master’s degree (MBA/Finance/Actuarial) and 7+ years in insurance with portfolio or strategic planning experience, with a track record of portfolio growth.

Qualifications

• MBA/Finance/Actuarial master’s degree or related field.
• 7+ years in insurance with product/portfolio management or strategy.
• Proven track record of growing insurance portfolios.
• Strong analytical, quantitative and strategic thinking.
• Solid understanding of insurance products, markets and regulations.
• Experience collaborating with cross-functional teams.
• Excellent communication and presentation skills.
• Proficiency in data analysis tools and financial modeling software.
• Ability to work independently in a demanding environment.
• Willing to relocate to Durban, KwaZulu-Natal.

Responsibilities

• Develop strategic plans for growth and profitability of insurance portfolios.
• Conduct market research and competitive analysis for trends and opportunities.
• Monitor portfolio performance and report metrics to senior management.
• Collaborate with actuarial teams on pricing, reserving and solvency.
• Partner with marketing and sales on product launches and promotions.
• Manage product lifecycle from conception to retirement.
• Ensure regulatory compliance across portfolios.
• Identify and mitigate portfolio risks.
• Build strong relationships with stakeholders and partners.
• Contribute to the division's strategic direction.

Skills

Portfolio management

Product management

Strategic planning

Cross-functional collaboration

Communication

Education

MBA

Finance

Actuarial Science

Job description

About the Role

Our client, a prominent and well-established financial services group, is actively seeking a highly skilled and strategic Insurance Portfolio Manager to join their esteemed team in Durban, KwaZulu-Natal . This critical position involves the oversight and strategic management of the company's diverse insurance product portfolios. The successful candidate will be responsible for analyzing market trends, identifying growth opportunities, and ensuring the optimal performance and profitability of each product line. You will collaborate closely with various departments, including marketing, sales, actuarial, and risk management, to develop and execute effective product strategies. We are looking for a seasoned professional with a strong analytical acumen, a deep understanding of the insurance landscape, and a proven ability to drive business success. This is an exceptional career opportunity within a leading organization that fosters innovation and values strategic leadership.

Key Responsibilities

• Develop and implement strategic plans for the growth and profitability of assigned insurance product portfolios.
• Conduct market research and competitive analysis to identify emerging trends, customer needs, and new business opportunities.
• Monitor portfolio performance, analyze key metrics, and provide regular reports to senior management.
• Collaborate with actuarial teams to ensure accurate pricing, reserving, and solvency for all products.
• Work with marketing and sales teams to develop and execute effective product launch and promotion strategies.
• Manage the product lifecycle from conception to launch and eventual retirement.
• Ensure compliance with all relevant industry regulations and legal requirements.
• Identify and mitigate risks associated with the insurance portfolios.
• Foster strong working relationships with internal stakeholders and external partners.
• Contribute to the overall strategic direction of the insurance division.

Requirements

• A Master's degree in Business Administration (MBA), Finance, Actuarial Science, or a related field.
• A minimum of 7 years of experience in the insurance industry, with a significant focus on product management, portfolio management, or strategic planning.
• Proven track record of successfully managing and growing insurance product portfolios.
• Strong analytical, quantitative, and strategic thinking skills.
• Excellent understanding of insurance products, markets, and regulatory frameworks.
• Demonstrated ability to collaborate effectively with cross-functional teams.
• Exceptional communication, presentation, and interpersonal skills.
• Proficiency in data analysis tools and financial modeling software.
• Ability to work independently and take initiative in a demanding environment.
• Must be based in or willing to relocate to Durban, KwaZulu-Natal .

Benefits

• A highly competitive salary package and performance-based incentives.
• Comprehensive executive medical aid and retirement benefits.
• Significant annual bonus potential tied to portfolio performance.
• Generous paid vacation and leave policies.
• Opportunities for international travel and industry conferences.
• Access to executive leadership development programs.
• A dynamic and intellectually stimulating work environment.
• Pension fund and life assurance coverage.