Insurance Risk Manager

Placements24; Upington; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Executive salary & bonus

Health, life & retirement benefits

Hybrid work model Upington

Strategic career growth

Impact on risk strategy

Job summary

Placements24 is seeking an experienced Insurance Risk Manager for our client in Upington. The role leads risk management, develops ERM frameworks, and works with all departments to strengthen risk culture and ensure financial stability and operational integrity.

The ideal candidate has a Bachelor's in Finance/Business/Economics and 7+ years in risk management, preferably in insurance, with strong leadership and regulatory knowledge.

Qualifications

• Bachelor's degree required; master's or professional certification (PRM, FRM) preferred.
• Minimum of 7 years of risk management experience, preferably within the insurance industry.
• Proven experience developing and implementing ERM frameworks; strong regulatory knowledge.

Responsibilities

• Develop and implement a comprehensive ERM framework.
• Identify, assess, and prioritize risks across the organization.
• Develop and execute risk mitigation strategies and contingency plans.
• Monitor effectiveness of risk controls and recommend improvements.
• Prepare risk reports for senior management and the board; ensure regulatory compliance.
• Promote a risk-aware culture across departments.

Skills

Analytical thinking

Problem solving

Strategic thinking

Communication

Leadership

Stakeholder management

Education

Bachelor's degree in Finance, Business, Economics, or related field

Job description

About the Role

Our client is seeking a strategic and experienced Insurance Risk Manager to oversee risk management strategies for their operations in Upington . This senior role is responsible for identifying, assessing, and mitigating potential risks across the organization, ensuring the company's financial stability and operational integrity. You will develop and implement robust risk management frameworks, policies, and procedures, working closely with all departments to foster a strong risk-aware culture. The ideal candidate possesses a comprehensive understanding of risk management principles within the insurance sector and demonstrates leadership capabilities in guiding risk mitigation efforts.

Key Responsibilities

• Develop and implement a comprehensive enterprise risk management (ERM) framework.
• Identify, assess, and prioritize potential risks facing the organization (e.g., financial, operational, strategic, compliance).
• Develop and execute risk mitigation strategies and contingency plans.
• Monitor the effectiveness of risk controls and recommend improvements.
• Prepare risk reports for senior management and the board of directors.
• Ensure compliance with all relevant regulatory requirements related to risk management.
• Promote a strong risk management culture throughout the organization.

Requirements

• Bachelor's degree in Finance, Business, Economics, or a related field; Master's degree or relevant professional certification (e.g., PRM, FRM) is preferred.
• Minimum of 7 years of experience in risk management , preferably within the insurance industry.
• Proven experience in developing and implementing ERM frameworks.
• Strong analytical, problem-solving, and strategic thinking skills.
• Excellent understanding of financial markets, insurance operations, and regulatory landscapes.
• Exceptional communication, leadership, and stakeholder management abilities.

Benefits

• Highly competitive executive salary and bonus structure.
• Comprehensive benefits including executive health coverage, life insurance, and retirement fund.
• Significant opportunities for strategic impact and career advancement.
• A hybrid work model providing flexibility and work-life balance in Upington .
• Engage in shaping the future risk strategy of a leading insurance firm.