Insurance Manager

at  Nedbank

REQUISITION DETAILS & TALENT ACQUISITION CONSULTANT

REQ 135573 Thembi Mtshali
Location: Johannesburg
Clsoing date:
Job Family
Administration, Operations and Facilities
Career Stream
Admin, Transact Processing and Production
Leadership Pipeline
Manage Self: Technical
FAIS Affected
FAIS Affected - Yes

Essential Qualification

• B Com Degree in Accounting, Financial or Risk Management, or Banking

Minimum Experience Level

• Minimum five years’ experience in financial management, risk, claims, or as an Insurance Manager.
• At least five years in the insurance or banking sector is required

Technical / Professional Knowledge

• In-depth knowledge of insurance market operations, contract terms, risk management and familiarity with international markets.
• Understanding of financial institutions and their risk exposures.
• Technical knowledge of insurance principles and their application.
• Knowledge of Basel III or IV and their effects on operational risk/insurance mitigation.
• Profound awareness of group insurance policies, criteria for underwriting, insurance policy frameworks, terminologies, and exclusions.
• Effective relationship management skills with stakeholders, brokers, and insurers.
• Competent interpersonal abilities to win internal stakeholder approval for insurance program necessities and risk controls.
• Skilled negotiator in insurance contracts.
• Excellent communicative proficiency both verbally and in writing.
• Strong investigative and analytical aptitude, including problem-solving and innovative thinking.
• Ability to compile and interpret information from various sources for the company’s risk perspectiv

JOB PURPOSE

• Collaborate with the Head: Group Insurance and senior management to oversee the administration of Group corporate insurance policies.
• Create, implement and enhance the frameworks, internal policies and procedures for the management of Group insurance policies and claims across various locations.
• Support the Head: Group Insurance in the implementation of an effective strategy for the annual procurement of Group insurance policies and/or alternative risk transfer solutions.
• Participate in managing insurance placement and claims administration to ensure timely reimbursements.
• Foster strong relationships with key stakeholders in the insurance sector such as brokers, insurers, third-party captive managers and loss adjusters.

CRITICAL ASPECTS OF THE ROLE

The role may require periodic travel within South Africa and Nedbank Africa Regions.
Graduate-level capability is expected along with proven business experience.
Demonstrated proficiency in MS Office applications, particularly Word, Advanced Excel, and PowerPoint.

Essential Qualification

• B Com Degree in Accounting, Financial or Risk Management, or Banking.

Preferred Certifications

• Holding an Associate or Fellowship from the Insurance Institute of South Africa is beneficial

Minimum Experience Level

• Minimum five years’ experience in financial management, risk, claims, or as an Insurance Manager.
• At least five years in the insurance or banking sector is required.

Technical / Professional Knowledge

• In-depth knowledge of insurance market operations, contract terms, risk management and familiarity with international markets.
• Understanding of financial institutions and their risk exposures.
• Technical knowledge of insurance principles and their application.
• Knowledge of Basel III or IV and their effects on operational risk/insurance mitigation.
• Profound awareness of group insurance policies, criteria for underwriting, insurance policy frameworks, terminologies, and exclusions.
• Effective relationship management skills with stakeholders, brokers, and insurers.
• Competent interpersonal abilities to win internal stakeholder approval for insurance program necessities and risk controls.
• Skilled negotiator in insurance contracts.
• Excellent communicative proficiency both verbally and in writing.
• Strong investigative and analytical aptitude, including problem-solving and innovative thinking.
• Ability to compile and interpret information from various sources for the company’s risk perspective

Behavioural Competencies

• Earning Trust
• Collaborating
• Customer Focus
• Decision Making
• Initiating Action
• Work Standards
• Managing Work

Disclaimer