Insurance Risk Manager

Placements24; Pretoria; Hybrid; ZAR 1,000,000 - 1,400,000; Full time

Benefits offered by this job

Generous bonus structure

Private healthcare and pension plan

Executive leadership development

Job summary

Placements24 is seeking an experienced Insurance Risk Manager to join the executive team in Pretoria, Gauteng. You will lead the enterprise-wide risk management framework and drive risk identification, assessment, and mitigation across all business functions.

The role requires deep regulatory knowledge, strong analytical capabilities, and the ability to influence stakeholders at all levels to safeguard the organization’s assets and reputation in Pretoria.

Qualifications

• Minimum 8 years of risk management experience, preferably in financial services or insurance.
• Proven experience building and implementing enterprise risk management frameworks.
• Strong knowledge of quantitative and qualitative risk assessment methods.
• Deep understanding of SA insurance regulations and compliance requirements.

Responsibilities

• Develop, implement, and maintain the company's risk management framework and policies.
• Identify, assess, and prioritise risks across operations, finance and strategy.
• Design and implement risk mitigation strategies and controls to reduce losses.
• Conduct regular risk assessments, audits, and process reviews.
• Monitor KRIs and emerging risks; report to senior management.

Skills

Leadership

Communication

Influencing

Analytical thinking

Strategic thinking

Problem-solving

Risk assessment

Education

Finance, Economics, Business degree or related field

Tools

Risk management software

Job description

About the Role

Our client, a prominent player in the South African insurance market, is seeking an experienced Insurance Risk Manager to join their executive team in Pretoria, Gauteng . This senior role is responsible for developing, implementing, and overseeing the enterprise-wide risk management framework. You will identify, assess, and mitigate potential risks across all business functions, ensuring the company's financial stability and regulatory compliance. The ideal candidate will have a deep understanding of risk management principles, a strong analytical aptitude, and the ability to influence stakeholders at all levels. This is a critical position that requires strategic thinking and a proactive approach to safeguarding the organization's assets and reputation in Pretoria .

Key Responsibilities

• Develop, implement, and maintain the company's risk management framework and policies.
• Identify, assess, and prioritize potential risks and threats across operational, financial, and strategic areas.
• Design and implement risk mitigation strategies and controls to minimize potential losses.
• Conduct regular risk assessments, audits, and reviews of business processes.
• Monitor and report on key risk indicators (KRIs) and emerging risks to senior management.
• Ensure compliance with relevant regulatory requirements (e.g., FAIS, FICA, Insurance Act).
• Develop and deliver risk management training programs to employees at all levels.
• Manage the company's insurance program, ensuring adequate coverage and cost-effectiveness.
• Foster a strong risk-aware culture throughout the organization.

Requirements

• A minimum of 8 years of experience in risk management, preferably within the financial services or insurance sector.
• Proven experience in developing and implementing comprehensive risk management frameworks.
• Strong understanding of quantitative and qualitative risk assessment methodologies.
• In-depth knowledge of South African insurance regulations and compliance requirements.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Strong leadership, communication, and influencing abilities.
• Relevant professional certifications (e.g., CRISC, PRMIA, GARP) are highly desirable.
• Experience with risk management software and tools.
• A relevant degree in Finance, Economics, Business, or a related field.

Benefits

• A leading annual salary of up to ZAR .
• Generous performance-related bonus structure.
• Comprehensive private healthcare and pension plan.
• Opportunities for executive leadership development.
• A key role in shaping the company's risk strategy in Pretoria .
• Support for professional certifications and continuing education.
• Annual performance incentives.