Portfolio Manager VAPS - GP, Roodepoort, 4 Ellis Street at Standard Bank Group

Job Description

• Responsible and accountable for the  Short-term Insurance Limited HOC Personal product offering in respect of:
• Leadership: To provide strategic, operational, and tactical leadership in growing income and profitability of the HOC Portfolio
• HOC Products strategy formulation and execution to drive growth and profitability 
• Product Management: End-to-end product cycle management (including product development, research and thought leadership)
• Underwriting Governance and profitability management
• Strategic and operational stakeholder engagements
• Channel management and oversight (SBIB /bank and 3rd party channels/partnerships) including business process oversight of mandated 3rd parties (binder and outsourced functions)
• Providing input into Short term Insurance reinsurance renewal planning and preparations
• Providing input into the marketing of Standard Bank Insurance products and product awareness
• Reporting: Preparation of budgets, business updates, Short-term Insurance Limited Board and other committee reports
• Oversight of value-added services including non-regulated services

Qualifications

Qualification required 

• Business Degree,
• An Insurance qualification accreditation (AIISA/ACII/FIISA/FCII)
• Must be prepared to undertake KI Readiness Requirements

Knowledge

• Knowledge of short-term insurance, especially Personal Lines products
• Knowledge of regulatory, and compliance requirements for short-term insurance 
• Knowledge of short-term insurance value chain and related ecosystems.
• General knowledge of the economic environment.

Experience Required

• Min 5 years’ experience in a similar managerial role in the short-term insurance industry (specifically in product management with exposure to prior experience in the above key responsibilities) 

Additional Information

Behavioural Competencies:

• Strategic thinking.
• Assertiveness and problem solving
• Negotiation 
• Stakeholder management  
• Results-orientated.
• Excellent communication skills.

Technical Competencies:

• Strategic and operational /tactical leadership skills.
• Analytical 
• Technical Underwriting skills (including product development).
• Negotiation skills.
• People management skills.