Insurance Risk Manager

Placements24; Polokwane; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Retirement benefits

Bonuses

Growth opportunities

Hybrid work

Job summary

Placements24 in Polokwane is seeking an experienced Insurance Risk Manager to lead risk initiatives. The role involves developing and maintaining an enterprise risk management framework, aligning with regulatory standards, and advising senior leadership on risk exposures.

You will collaborate across departments, conduct stress tests, and implement mitigation controls to protect assets and reputation. A strong background in Solvency II or equivalent, plus FRM/CRM, is highly desirable.

Qualifications

• Master's degree in Finance, Economics, Risk Management, or related field.
• 7+ years of experience in risk management, preferably in insurance or financial services.
• Strong knowledge of risk management principles, methodologies, and tools.
• Understanding of Solvency II or similar regulations is a plus.
• Excellent analytical, problem-solving, and decision-making skills.
• Ability to lead and influence stakeholders at all levels.

Responsibilities

• Develop, implement, and maintain an enterprise risk management framework.
• Identify, assess, and prioritize risks across the organization.
• Design and implement risk mitigation strategies and controls.
• Monitor and report on risk exposures and mitigation effectiveness.
• Conduct regular risk assessments and stress tests.
• Ensure compliance with insurance regulations and risk management best practices.
• Develop and deliver risk management training to employees at all levels.
• Collaborate with departments to integrate risk management into processes.
• Advise senior management on risk-related issues and strategic decisions.
• Investigate and analyze risk incidents and recommend corrective actions.

Skills

Analytical thinking

Problem solving

Decision making

Leadership

Communication

Education

Master's degree in Finance, Economics, Risk Management, or related field

Tools

Risk modeling

Financial analysis

Job description

About the Role

Our client, a prominent player in the insurance landscape, is seeking an experienced Insurance Risk Manager to join their strategic team in Polokwane, Limpopo . This critical role involves identifying, assessing, and mitigating potential risks across the organization's operations, products, and investments. The ideal candidate will possess a strong understanding of risk management frameworks, regulatory compliance, and financial modeling within the insurance sector. You will be responsible for developing and implementing robust risk management strategies to safeguard the company's assets and reputation. This is an excellent opportunity for a seasoned professional to make a significant impact in a challenging and dynamic environment, contributing to the long-term stability and success of our client in the Polokwane region.

Key Responsibilities

• Develop, implement, and maintain a comprehensive enterprise risk management (ERM) framework.
• Identify, assess, and prioritize potential risks, including financial, operational, strategic, and compliance risks.
• Design and implement risk mitigation strategies and controls.
• Monitor and report on key risk exposures and the effectiveness of mitigation efforts.
• Conduct regular risk assessments and stress tests.
• Ensure compliance with relevant insurance regulations and industry best practices regarding risk management.
• Develop and deliver risk management training to employees at all levels.
• Collaborate with various departments to integrate risk management into business processes.
• Advise senior management on risk-related issues and strategic decisions.
• Investigate and analyze risk incidents, recommending corrective actions.

Requirements

• Master's degree in Finance, Economics, Risk Management, or a related quantitative field.
• Minimum of 7 years of experience in risk management, preferably within the insurance or financial services industry.
• In-depth knowledge of risk management principles, methodologies, and tools.
• Strong understanding of the insurance industry, its products, and regulatory landscape.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in risk modeling and financial analysis techniques.
• Strong leadership and communication skills, with the ability to influence stakeholders at all levels.
• Professional certifications such as FRM (Financial Risk Manager) or CRM (Certified Risk Manager) are highly desirable.
• Experience with regulatory frameworks like Solvency II or similar is a plus.
• Ability to work collaboratively and effectively in a complex organizational structure.
• Must be able to work from our office in Polokwane, Limpopo for hybrid arrangements.

Benefits

• Highly competitive salary package reflecting expertise and experience.
• Comprehensive health insurance and retirement benefits.
• Performance-based bonuses and incentives.
• Significant opportunities for professional growth and development.
• Exposure to strategic decision-making processes.
• Collaborative and supportive work environment.
• Generous annual leave allowance.
• Potential for leadership roles within the risk management function.