Group Risk and Insurance Executive

Business and Financial

• Manage function expenditure within the approved budget, including risk and insurance spend.

• Develop the ERM strategy in conjunction with the Chief of Staff to align with Group strategy and objectives.

• Oversee the insurance strategy, including risk financing structures and adequacy of insurance cover across the Group.

• Ensure all business continuity plans are aligned with both risk registers and insured risk events.

• Lead the negotiation and placement of insurance programmes in collaboration with brokers and insurers.

• Monitor insurance claims, deductibles, premium allocations, and uninsured losses to identify trends and cost-saving opportunities.

• Ensure the insurance programme is cost-effective, comprehensive, and appropriately benchmarked against industry standards.

Customers and Stakeholders

• Provide expert advice to management and business units on both risk and insurance matters, including contractual liabilities, new business ventures, asset acquisitions, and project risks.

• Maintain strong working relationships with insurance brokers, underwriters, and loss adjusters to optimise service delivery and coverage.

• Ensure clear and timely communication of insurance programme details, claim processes, and policy changes to stakeholders.

Operational Processes

• Maintain and update Group risk registers, dashboards and Combined Assurance Plans.

• Evaluate and report on insurance coverage gaps, uninsured exposures and emerging insurable risks.

• Lead the renewal process for all insurance policies, ensuring timely submission of declarations and accurate data provision.

• Oversee claims management processes to ensure efficient resolution and recoveries, including root cause analysis and lessons learned.

• Ensure insurance policies reflect the Group’s asset base, risk profile, and evolving operations across geographies.

• Maintain and improve the insurance manual and ensure compliance with internal controls and audit standards.

• Collaborate with procurement and legal teams to ensure insurance requirements in contracts are robust and enforceable.

People Leadership and Development

• Build and mentor a diverse team of risk and insurance experts, fostering a high-performance and values-based culture.

• Lead succession planning and skills development in both risk and insurance disciplines.

• Promote a culture of accountability and continuous improvement within the risk and insurance function.

• Monitor compliance with occupational health and safety standards, labor laws, and environmental regulations

• Bachelors Degree in Risk Management/Business Studies/Finance or related field.

• Member of Institute of Risk Management (SA).

• 10+ years’ experience in risk and non-life insurance management.

• Essential knowledge of Principles of Risk Control (SHEQ, Legal and regulatory, supply chain), Risk Financing (Insurance, financial and treasury) and thorough understanding of Business Processes

• Business, Commercial and financial acumen – Understands industry and business trends, business models, challenges, opportunities and processes and how they impact on financial, customer, people and business performance and results.

• Ideal experience of business transformation and strong understanding of varied operating models.

• Proven track record of implementation and maintenance of ERM systems in large corporate organsiations.