Job Description
About the Role
Join our client, a respected firm in the Insurance industry, as a Junior Risk Officer in their Risk Management Department in Rondebosch, Cape Town. This role is crucial for maintaining the operational integrity of the business by identifying, assessing, and reporting on risks.
Key Responsibilities
- Planning: Participate in preparing plans and strategies for the effective assessment and management of operational risks.
- Process Review: Review and assess inherent risks within new processes and systems; review existing processes and systems to identify risk exposures and recommend appropriate mitigation measures.
- Monitoring: Monitor developments in the environment to identify potential risk exposures.
- Incident Recording: Record all incidents of risk reported from operational areas in a database.
- Reporting: Prepare periodic and ad hoc incident reports, analyzing causes and recommending appropriate control measures.
- Operational Reports: Prepare periodic and ad hoc operational risk reports as advised by the Manager.
- Technical Support: Provide technical support to the underwriting, claims, and reinsurance departments in the assessment and management of risks associated with the services they render.
- Training: Undertake sensitization and training of staff on operational risk control.
Requirements
- Qualification: Minimum academic qualification in Actuarial Analyst, Business Administration, or Commerce.
- Knowledge: Good knowledge of the principles of risk management, the insurance industry, and the theory and practice of insurance.
- Skills: Hands-on skills in risk assessment, computer skills, strong analytical and problem-solving skills, and good report writing skills.
- Attributes: High level of integrity and professionalism, commitment to accuracy and attention to detail, teamwork, and the ability to work under minimum supervision.
Salary & Benefits
R25 000 – R30,000 CTC per month / Dependent on Experience
Benefits & Conditions
- Location: Fully Office Based, Rondebosch, Cape Town.
- Compensation: R30,000 CTC per month.
- Benefits: Includes EE (Employer’s) and ER (Employee’s) Pension Contribution, Medical Insurance, and Group Life Scheme.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Western Cape
In the Western Cape, the finance and accounting profession is a thriving industry with a strong demand for skilled professionals. Typically, the job market trends indicate a steady growth in the need for finance and accounting expertise across various sectors. This is often driven by the increasing importance of financial management, regulatory compliance, and data-driven decision-making in businesses.
When it comes to salaries, it’s common to see broad ranges varying depending on factors like experience, company size, and industry sector. Generally, entry-level positions can expect salaries ranging from R250 000 to R400 000 per annum, while senior roles may command salaries between R600 000 and R1 200 000 or more, depending on the individual’s qualifications and level of expertise.
Common skills required for finance and accounting roles in Western Cape include proficiency in financial software such as QuickBooks, Xero, or SAP; strong analytical and problem-solving skills; excellent communication and interpersonal skills; attention to detail and organisational abilities; knowledge of tax laws and regulations; and experience with budgeting and forecasting tools. Typically, a degree in commerce, accounting, or a related field is also essential.
Industry sectors commonly employing finance and accounting professionals include the financial services sector, technology industry, manufacturing sector, and corporate organisations. These roles often involve providing financial guidance, managing budgets, preparing financial reports, and ensuring compliance with regulatory requirements.
For those looking to advance their careers in finance and accounting, career development opportunities abound. Typically, experienced professionals can move into senior management positions or pursue specialisations like forensic accounting, audit, or financial planning. Others may choose to transition into related fields like business consulting, investment banking, or entrepreneurial ventures. With continuous learning and professional development, finance and accounting professionals in Western Cape can enjoy a rewarding and challenging career with opportunities for growth and advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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