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Insurance Risk Manager

2 months ago


Johannesburg, Gauteng, South Africa CodeConnect Staffing (Pty) Ltd Full time
About the Role

We are seeking a highly skilled Insurance Risk Manager to join our team at CodeConnect Staffing (Pty) Ltd. As an Insurance Risk Manager, you will play a critical role in providing technical support to our senior team within the Construction Guarantees division.

Key Responsibilities
  • Evaluate and Interpret Financial Statements

You will be responsible for evaluating and interpreting financial statements to assess clients' business viability. This will involve analyzing financial data, identifying potential risks, and providing recommendations to mitigate those risks.

  • Conduct Comprehensive Risk Evaluations

You will conduct comprehensive risk evaluations, including credit, technical, and operational aspects. This will involve assessing the client's creditworthiness, technical capabilities, and operational risks to determine the level of risk associated with the project.

  • Underwrite New Facilities

You will be responsible for underwriting new facilities within the established policies and guidelines. This will involve reviewing and analyzing the client's financial data, credit history, and other relevant information to determine the level of risk associated with the project.

  • Review Client Facilities Annually

You will review client facilities annually and provide detailed underwriting reports. This will involve analyzing the client's financial data, credit history, and other relevant information to determine the level of risk associated with the project.

  • Manage Administrative Tasks

You will be responsible for managing administrative tasks such as quotes, legal documents, and monthly exposure reports. This will involve coordinating with internal teams, clients, and brokers to ensure that all administrative tasks are completed in a timely and efficient manner.

  • Process Applications for Guarantees

You will process applications for guarantees, including issuing, amending, and cancelling them as needed. This will involve reviewing and analyzing the client's financial data, credit history, and other relevant information to determine the level of risk associated with the project.

  • Oversee Financial Transactions

You will oversee all financial transactions related to guarantees, including invoicing, premium quotations, and handling collateral. This will involve coordinating with internal teams, clients, and brokers to ensure that all financial transactions are completed in a timely and efficient manner.

  • Foster Relationships with Brokers and Clients

You will foster relationships with brokers and clients to ensure timely query resolution. This will involve communicating with brokers and clients to resolve any queries or issues that may arise during the underwriting process.

  • Enhance Service Delivery Standards

You will continuously enhance service delivery standards. This will involve identifying areas for improvement and implementing changes to ensure that our service delivery standards are consistently high.

Requirements
  • Qualification in Finance or Built Environment

You will need a qualification in either Finance or the Built Environment (Diploma/Degree). This will provide you with a solid understanding of financial principles and practices, as well as the ability to analyze and interpret financial data.

  • Certificate in Short-Term Insurance

You will need a Certificate in Short-Term Insurance (or in the process of obtaining it). This will provide you with a solid understanding of short-term insurance principles and practices, as well as the ability to analyze and interpret insurance data.

  • RE 5 Certificate for Representatives

You will need an RE 5 Certificate for Representatives (or working towards this). This will provide you with a solid understanding of insurance regulations and practices, as well as the ability to analyze and interpret insurance data.

  • FAIS Compliance

You will need FAIS compliance (or working towards compliance). This will provide you with a solid understanding of insurance regulations and practices, as well as the ability to analyze and interpret insurance data.

  • At Least 3 Years of Relevant Experience

You will need at least 3 years of relevant experience in construction, insurance, or banking. This will provide you with a solid understanding of the industry and the ability to analyze and interpret financial data.

Key Competencies
  • Strong Analytical and Problem-Solving Skills

You will need strong analytical and problem-solving skills to evaluate and interpret financial statements, conduct comprehensive risk evaluations, and underwrite new facilities.

  • High Attention to Detail

You will need high attention to detail to ensure that all administrative tasks are completed accurately and efficiently.

  • Deadline-Driven

You will need to be deadline-driven to ensure that all tasks are completed in a timely and efficient manner.

  • Excellent Communication and Relationship Management Skills

You will need excellent communication and relationship management skills to foster relationships with brokers and clients and ensure timely query resolution.

  • Strong Business Acumen

You will need a strong sense of business acumen to identify areas for improvement and implement changes to enhance service delivery standards.

This role suits a professional who is detail-oriented and enjoys working in a fast-paced environment with an emphasis on client relations and risk management.