Job summary

Cape Town, South Africa, Africa
Career Level:
Senior (5+ years of experience)
Job type:
Full time
Market Related

Head of Short Term Insurance (Ref 117)

About this job

Head of Short Term Insurance

Market Related incl Med Aid, Pension plus incentives, onsite gym, onsite restaurant/coffee bar/onsite parking.

Great opportunity to join this well known corporate client of ours in the Financial Services sector. Based in Cape Town and owned by a very large bank, they are a stable, successful and innovative company with a very unique business model. They currently employ >1600 staff and have built up an enviable reputation in the marketplace for being a really great place to work. (also listed as a Top Employer in 2018)


The main purpose of this role is to develop and enhance the client’s Short Term Insurance Product Strategy via strategic best practice leadership in product management.

Key Responsibilities:


  • Develop the Client’s Insurance product strategy
  • Identify and develop new commercially viable insurance product opportunities and enhance  existing insurance products range
  • Manage and deliver the Insurance P&L
  • Manage effective implementation and execution of insurance product deliverables by ensuring close collaboration with relevant internal and external stakeholders
  • Responsible for ensuring increased insurance revenue growth including the sales channels and product promotion
  • Responsible for creating business cases, budgeting of insurance revenue and associated expenses
  • Provide holistic and regular overview of the market and competitor offerings
  • Monitor legislative and regulatory insurance environment and provide insight and impact assessment to the business
  • Ensure that the client and all insurance products comply with regulatory requirements
  • Maintain close collaboration with the Legal and Compliance department
  • Oversight and management of claims management processes , procedures and team
  • PIC/TCF Correspondent on behalf of Product & Marketing
  • Prepare and present all required compliance and management reports
  • Ensure that the business is kept up to date with changes in relevant legislation




 Key Individual Responsible for the management and oversight of the FAIS-related business Act as a representative for the rendering of advisory and intermediary services Key Competencies: Ability to think and act strategically & systematically with a strong business acumen Ability to work as a team member Good communication skills and ability to share knowledge and escalate where necessary Sound understanding of product and marketing management Understanding of functional areas that influence the implementation of changes to existing products or the launch of new products Knowledge of the mechanics of Insurance administration systems Minimum Requirements: Relevant Tertiary Qualification > 5 years previous experience in Product Management role within Commercial Business unit; RE 1 Exams for Key Individual and Representative completed - essential Excellent understanding of all relevant legislation (FAIS Act, Insurance Act, COFI Act, Policyholder Protection Rules) Understanding of Insurance risk and the mechanics of affinity insurance model and cell captive structure

Job keywords/tags:  Relevant Tertiary Qualification , 5 years previous experience
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