Job Description
- Market life insurance solutions to prospective clients and drive new business opportunities.
- Structure and execute new business transactions, including advising clients on operating models within an outsourced insurance value chain.
- Provide technical life insurance expertise and guidance to clients and internal stakeholders on proposed transactions.
- Prepare and present business cases for approval by internal new business and product management committees.
- Contribute to strategic initiatives aimed at expanding market presence and developing new business opportunities.
- Analyse the South African life insurance market to identify growth opportunities and refine the organisation’s value proposition.
- Build and maintain relationships with key industry stakeholders including brokers, administrators, asset managers, retirement funds, and corporate partners.
- Collaborate with internal business units and group companies to unlock synergies and joint business opportunities.
- Manage third-party cell captives across various product lines including employee benefits, funeral, life, disability, critical illness, credit life, and investment products.
- Monitor underwriting performance, solvency positions, and financial performance of cell captives and prepare client reports.
- Ensure compliance with legislative requirements, market conduct standards, and contractual obligations.
- Facilitate reinsurance renewals and coordinate with relevant departments and stakeholders.
- Stay updated on regulatory and legislative developments within the life insurance industry.
What we are looking for:
- Relevant tertiary qualification such as BCom, BSc, or similar.
- Actuarial qualification (or nearly qualified), CFA, or equivalent professional qualification.
- FAIS compliant (RE5 and RE1 advantageous).
- 3 – 5 years’ experience within the financial services industry.
- Strong life insurance technical knowledge and understanding.
- Experience in client-facing roles and stakeholder engagement.
- Strong accounting and/or actuarial analytical skills.
- Experience in deal structuring or transaction-based environments is advantageous.
- Strong communication, negotiation, and relationship-building skills.
- Results-driven with strong business acumen and critical thinking ability.
- Ability to manage multiple stakeholder engagements simultaneously.
- Self-starter who can work independently in a fast-paced environment.
Please note if you do not hear from us within 3 weeks, consider your application unsuccessful.
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About Finance/Accounting Management Jobs in Gauteng
In Gauteng, South Africa, the finance and accounting management field is a significant contributor to the province’s economy, with various industries relying on skilled professionals to manage their financial operations. Typically, this field offers stable employment opportunities with good prospects for career advancement. Generally, the demand for finance and accounting managers remains high across multiple sectors.
Salary expectations for finance and accounting management positions in Gauteng are generally broad and can vary widely depending on factors such as experience, company size, and industry sector. Broadly speaking, salaries typically range from R400 000 to R1 500 000 per annum, with senior roles often commanding higher remuneration packages. However, these figures are subject to change and may not reflect actual salaries for specific job openings.
Common skills required for finance and accounting management positions include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and leadership skills, experience with financial reporting and regulatory compliance, knowledge of financial management principles and practices, and a solid understanding of taxation laws. Typically, candidates with a degree in finance, accounting, or business administration are well-suited for these roles.
Finance and accounting managers can be found across various industry sectors, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector, for example, often employs finance and accounting professionals to manage its operational finances, while the technology industry may require them to oversee the financial aspects of software development or IT projects.
Career progression opportunities in this field are generally good, with experienced finance and accounting managers often moving into senior roles such as department head or director of finance. Many companies also offer training and development programs to help employees acquire new skills and advance their careers.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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