Risk Manager - Insurance Portfolio

Placements24; Bloemfontein; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical insurance

Pension fund

Hybrid work model

Annual leave

Professional certifications and培训

Job summary

Placements24 in Bloemfontein, Free State, seeks an experienced Risk Manager to identify, assess, and mitigate financial and operational risks across its insurance portfolio. The role features a flexible Hybrid model combining in-office collaboration and remote work.

You will develop ERM frameworks, perform risk assessments and stress tests, and advise senior management on risk exposure and mitigation. A Master’s in a quantitative field and 7+ years of insurance risk experience are required.

Qualifications

• Master's degree in Finance, Economics, Risk Management, or related field.
• 7+ years of risk management experience in the insurance industry.
• Proven experience in developing and implementing ERM frameworks.
• Strong knowledge of financial modeling and risk assessment methodologies.
• Familiarity with Solvency II and IFRS 17 is advantageous.
• Excellent communication and stakeholder management skills.

Responsibilities

• Develop and implement comprehensive risk management strategies and policies for the insurance portfolio.
• Identify, assess, and quantify market, credit, operational and strategic risks.
• Design and implement risk mitigation plans and controls.
• Monitor and report KRIs and risk exposures to senior management.
• Conduct regular risk assessments and stress testing of the portfolio.
• Ensure compliance with regulatory requirements and industry best practices.
• Collaborate with internal audit, legal, and compliance teams.
• Provide training on risk management principles to staff.
• Stay updated on emerging risks and industry trends in insurance.

Skills

Risk management

ERM frameworks

Regulatory knowledge

Analytical skills

Stakeholder management

Financial modeling

Education

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

Tools

Risk management software

Job description

About the Role

Our client, a significant entity within the insurance landscape, is seeking an accomplished Risk Manager to join their dedicated team in Bloemfontein, Free State . This strategic role is responsible for identifying, assessing, and mitigating financial and operational risks across the company's diverse insurance portfolio. You will develop and implement robust risk management frameworks, conduct risk assessments, and advise senior management on risk exposure and mitigation strategies. The position offers a flexible Hybrid work arrangement, allowing for a balance between in-office collaboration in Bloemfontein and remote work. We are looking for a proactive and analytical professional to safeguard the company's assets and ensure its long-term sustainability. Join us to contribute to shaping the risk strategy of a leading insurer.

Key Responsibilities

• Develop and execute comprehensive risk management strategies and policies for the insurance portfolio.
• Identify, assess, and quantify potential risks (market, credit, operational, strategic, etc.).
• Design and implement risk mitigation plans and controls.
• Monitor and report on key risk indicators (KRIs) and risk exposures to senior management.
• Conduct regular risk assessments and stress testing of the insurance portfolio.
• Ensure compliance with relevant regulatory requirements and industry best practices.
• Collaborate with internal audit, legal, and compliance departments.
• Provide training and guidance to staff on risk management principles and procedures.
• Stay updated on emerging risks and industry trends affecting the insurance sector.

Requirements

• A Master's degree in Finance, Economics, Risk Management, or a related quantitative field.
• A minimum of 7 years of experience in risk management, with a strong emphasis on the insurance industry.
• Proven expertise in developing and implementing enterprise risk management (ERM) frameworks.
• In-depth knowledge of financial modeling, statistical analysis, and risk assessment methodologies.
• Experience with regulatory requirements (e.g., Solvency II, IFRS 17) is highly advantageous.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, presentation, and stakeholder management abilities.
• Proficiency in risk management software and standard office applications.

Benefits

• An excellent annual remuneration package up to ZAR.
• Performance-based incentive bonuses.
• Comprehensive medical insurance and pension fund.
• Generous vacation leave and company-mandated leave days.
• Opportunities for professional certifications and advanced training.
• A progressive work culture with a Hybrid model in Bloemfontein, Free State .
• Support for continuous professional development.