Insurance Risk Manager

Placements24; Siyancuma Local Municipality; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Executive benefits

Professional development

Job summary

Placements24 in Upington is seeking a seasoned Insurance Risk Manager to lead risk management initiatives across the organization. You will identify and mitigate threats to assets, reputation, and financial stability while shaping robust risk frameworks.

The role requires strategic oversight, strong leadership, and the ability to communicate effectively with stakeholders at all levels to influence risk decisions and drive best practices in a challenging insurance landscape.

Qualifications

• Master’s degree in Finance, Economics, Risk Management, or related field.
• CRM or FRM certification desirable.
• 7+ years risk management experience in the insurance industry.

Responsibilities

• Develop and implement comprehensive risk management strategies and frameworks for the organization.
• Identify, assess, and prioritize potential risks across all business functions.
• Design and oversee the implementation of risk mitigation plans and controls.
• Monitor the effectiveness of risk management strategies and make adjustments as needed.
• Ensure compliance with regulatory requirements and industry best practices related to risk management.
• Prepare risk reports for senior management and the board of directors with insights and recommendations.

Skills

Risk management leadership

Strategic planning

Regulatory compliance

Education

Master's degree in Finance/Economics/Risk Management

Job description

About the Role

Our client is actively seeking a seasoned and strategic Insurance Risk Manager to join their established team in Upington . This critical position involves identifying, assessing, and mitigating the diverse risks faced by the company within the insurance landscape. You will play a vital role in developing and implementing robust risk management frameworks to protect the organization's assets, reputation, and financial stability. This is a key leadership role for an individual passionate about proactive risk mitigation and strategic planning.

Key Responsibilities

• Develop and implement comprehensive risk management strategies and frameworks for the organization.
• Identify, assess, and prioritize potential risks across all business functions, including operational, financial, and strategic risks.
• Design and oversee the implementation of risk mitigation plans and controls.
• Monitor the effectiveness of risk management strategies and make adjustments as needed.
• Ensure compliance with relevant regulatory requirements and industry best practices related to risk management.
• Prepare risk reports for senior management and the board of directors, providing insights and recommendations.

Requirements

• Master's degree in Finance, Economics, Risk Management, or a related field; professional certifications (e.g., CRM, FRM) are highly desirable.
• Minimum of 7 years of experience in risk management , with a strong focus on the insurance sector.
• In-depth knowledge of risk assessment methodologies, risk modeling, and control frameworks.
• Strong understanding of regulatory requirements affecting the insurance industry.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Exceptional leadership and communication abilities to influence stakeholders at all levels.

Benefits

• Highly competitive salary and comprehensive executive benefits package.
• Significant opportunity to influence the strategic direction of the company's risk profile.
• Access to continuous professional development and networking opportunities.
• A supportive and professional work environment in Upington .
• Key role in ensuring the long-term stability and success of the organization.