Insurance Risk Manager

Placements24; Noord-Kaap; Hybrid; ZAR 1,200,000 - 1,600,000; Full time

Benefits offered by this job

Highly competitive salary package

Comprehensive medical aid and pension

Professional development opportunities

Flexible hybrid working arrangement

Strategic input into risk policies

Wellness programs

Career advancement opportunities

Job summary

Placements24 is seeking an Insurance Risk Manager to lead enterprise risk management efforts across our Kimberley- based operations. You will identify, assess, and mitigate risks, shaping policies and controls that protect assets and reputation.

The role requires 6+ years in risk management within insurance, plus experience in ERM design and regulatory alignment. A hybrid work setup balances in-office collaboration with remote work for optimal outcomes.

Qualifications

• Master's degree in Finance, Economics, Business Administration, or a related quantitative field.
• Minimum of 6 years of progressive experience in risk management, preferably within the insurance industry.
• Proven experience in developing and implementing ERM frameworks.
• In-depth knowledge of insurance operations, financial markets, and regulatory environments.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent communication, presentation, and interpersonal skills.
• Professional certifications such as CRM, FRM, or PRM are highly desirable.
• Experience with risk modeling and quantitative analysis techniques.

Responsibilities

• Develop, implement, and maintain comprehensive enterprise risk management (ERM) frameworks.
• Identify, assess, and prioritize potential risks to the company's operations, finances, and reputation.
• Design and execute risk mitigation strategies and action plans.
• Monitor and report on key risk indicators (KRIs) and emerging risks.
• Ensure compliance with all relevant insurance regulations and industry standards.
• Conduct regular risk assessments and audits across different business units.
• Develop and deliver risk management training programs to employees.
• Collaborate with senior management and stakeholders to integrate risk management into business strategy.
• Manage insurance-related risks, including underwriting, claims, and investment risks.
• Investigate incidents and recommend corrective actions to prevent recurrence.

Skills

ERM

Risk management

Regulatory knowledge

Analytical thinking

Strategic thinking

Communication

Education

Master's degree in Finance/ Economics/ MBA or related field

Tools

CRM

FRM

PRM

Job description

About the Role

Our client, a respected leader in the financial services sector with a significant presence in Kimberley, is seeking a strategic and experienced Insurance Risk Manager. This role is integral to identifying, assessing, and mitigating potential risks across the company's insurance operations. The successful candidate will develop and implement robust risk management frameworks, ensuring compliance with regulatory requirements and safeguarding the company's assets and reputation. You will work closely with various departments, including underwriting, claims, and finance, to foster a strong risk-aware culture. This position requires a proactive approach to anticipating challenges and developing innovative solutions. The Kimberley office provides a dynamic environment for a professional keen to make a significant impact. We are looking for a thought leader who can translate complex risk landscapes into actionable strategies. The hybrid work model allows for a balance between collaborative in-office sessions and focused remote work, promoting productivity and well-being. Your expertise will be crucial in navigating the evolving insurance market and ensuring the long-term stability of the business. This is an excellent opportunity to shape risk management practices at a key regional hub.

Key Responsibilities

• Develop, implement, and maintain comprehensive enterprise risk management (ERM) frameworks.
• Identify, assess, and prioritize potential risks to the company's operations, finances, and reputation.
• Design and execute risk mitigation strategies and action plans.
• Monitor and report on key risk indicators (KRIs) and emerging risks.
• Ensure compliance with all relevant insurance regulations and industry standards.
• Conduct regular risk assessments and audits across different business units.
• Develop and deliver risk management training programs to employees.
• Collaborate with senior management and stakeholders to integrate risk management into business strategy.
• Manage insurance-related risks, including underwriting, claims, and investment risks.
• Investigate incidents and recommend corrective actions to prevent recurrence.

Requirements

• Master's degree in Finance, Economics, Business Administration, or a related quantitative field.
• Minimum of 6 years of progressive experience in risk management, preferably within the insurance industry.
• Proven experience in developing and implementing ERM frameworks.
• In-depth knowledge of insurance operations, financial markets, and regulatory environments.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent communication, presentation, and interpersonal skills.
• Professional certifications such as CRM, FRM, or PRM are highly desirable.
• Experience with risk modeling and quantitative analysis techniques.
• Ability to work effectively in both collaborative and independent settings.
• Familiarity with the Kimberley business landscape is an advantage.

Benefits

• Highly competitive salary package with performance-based incentives.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development, including advanced certifications and conferences.
• Flexible hybrid working arrangement balancing office and remote work.
• Significant responsibility and strategic input into company-wide risk policies.
• A collaborative and intellectually stimulating work environment.
• Annual leave and paid sick leave.
• Access to advanced risk management tools and software.
• Employee wellness programs and support services.
• Career advancement opportunities within a leading financial institution.