Insurance Portfolio Manager - General Business

Placements24; Randburg; On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Annual leave

Professional development

Job summary

Placements24 in Randburg, Gauteng, is seeking an experienced Insurance Portfolio Manager to lead the general business portfolio. You will shape strategy, monitor KPIs, and collaborate with underwriting, claims, marketing, and sales to drive profitability and growth.

This leadership role requires deep market knowledge, strong analytical skills, and a track record of data-driven decision-making in a fast-paced environment.

Qualifications

• Minimum 6 years in insurance with at least 3 years in a portfolio management, underwriting management, or similar strategic role.
• In-depth knowledge of the general business insurance market and typical risks and products.
• Strong analytical, financial modeling, and quantitative skills.
• Proven ability to develop and execute successful business strategies.
• Excellent leadership, communication, and interpersonal skills.

Responsibilities

• Develop and implement strategic plans for the general business insurance portfolio to achieve growth and profitability targets.
• Analyze market trends, competitor activities, and economic factors impacting the portfolio.
• Monitor KPIs such as premium growth, loss ratios, expense ratios, and retention rates.
• Establish and refine underwriting guidelines, pricing strategies, and product features for the general business segment.
• Collaborate with underwriting to ensure alignment with risk appetite and standards.
• Work with claims to understand loss trends and identify risk mitigation opportunities.
• Identify opportunities for new product development and enhancements to existing offerings.
• Manage relationships with distribution partners and stakeholders.
• Prepare regular performance reports and present findings to senior management.
• Ensure compliance with regulatory requirements and internal policies.

Skills

Portfolio management

Strategic thinking

Analytical skills

Leadership

Communication

Data analysis

Education

Business/Finance/Insurance degree

Tools

Excel

Insurance management systems

Data analysis tools

Job description

About the Role

Our client, a prominent insurance company, is seeking an experienced Insurance Portfolio Manager to oversee their general business insurance portfolio. This role is office-based in Randburg, Gauteng , and requires a strategic thinker with a deep understanding of the insurance market and portfolio management principles. You will be responsible for developing and executing strategies to optimize the profitability, growth, and risk profile of the general business portfolio. This includes analyzing market trends, monitoring performance metrics, and making data-driven decisions regarding product development, pricing, and underwriting guidelines. The ideal candidate will possess strong analytical, leadership, and communication skills, with a proven track record in managing successful insurance portfolios. You will collaborate closely with underwriting, claims, marketing, and sales teams to ensure alignment and achieve business objectives. This is a critical role that shapes the direction of a significant segment of our insurance offerings.

Key Responsibilities

• Develop and implement strategic plans for the general business insurance portfolio to achieve growth and profitability targets.
• Analyze market trends, competitor activities, and economic factors impacting the portfolio.
• Monitor key performance indicators (KPIs) such as premium growth, loss ratios, expense ratios, and retention rates.
• Establish and refine underwriting guidelines, pricing strategies, and product features for the general business segment.
• Collaborate with the underwriting team to ensure adherence to risk appetite and underwriting standards.
• Work closely with the claims department to understand loss trends and identify opportunities for risk mitigation.
• Identify opportunities for new product development and enhancements to existing offerings.
• Manage relationships with key distribution partners and stakeholders.
• Prepare regular performance reports and present findings and recommendations to senior management.
• Ensure compliance with all relevant regulatory requirements and internal policies.

Requirements

• A minimum of 6 years of experience in insurance, with at least 3 years in a portfolio management, underwriting management, or similar strategic role.
• In-depth knowledge of the general business insurance market, including common risks and products.
• Strong analytical, financial modeling, and quantitative skills.
• Proven ability to develop and execute successful business strategies.
• Excellent leadership, communication, and interpersonal skills.
• Proficiency in data analysis tools and insurance management systems.
• A relevant tertiary qualification in Business, Finance, Insurance, or a related field.
• Professional certifications such as ACII or equivalent are highly desirable.
• Ability to work effectively in a demanding, fast-paced office environment.
• Strategic thinking and problem-solving capabilities.

Benefits

• Competitive salary package with performance-based bonuses.
• Comprehensive medical aid and retirement fund.
• Generous annual leave and paid time off.
• Opportunities for professional development, including advanced training and certifications.
• Be part of a senior leadership team shaping the company's future.
• Collaborative and dynamic work environment in Randburg .
• Access to advanced analytics and business intelligence tools.
• Company-provided life insurance and disability cover.
• Potential for career advancement within a leading insurance organization. Contribute significantly to the success of our Gauteng operations.