Job Category: Executive ManagementJob Description:An Insurance Manager handles the insurance portfolio for Mr Price Group and its subsidiaries.The individual must have excellent people skills and one who pays close attention to detail, conducts themselves in a professional and courteous manner and has excellent verbal and communication skills together with exceptional time management and organisational skills. Must have a good understanding of the business and operational processes. Be proactive to addressing emerging risks to reduce losses.Responsibilities:Business Risk Strategy1. Ensure that the insurance strategy aligns with the group insurance philosophy.2.Collect accurate financial information from divisions to ensure that all divisions are adequately insured according to the group insurance philosophy.3. Arrange Annual meetings with heads of finance to discuss insurance trends, insurance requirements prior to the insurance renewal.4. Prepare the annual insurance strategy for the Risk Directors review and approval5. Oversee the insurance administration process and enhance where requiredPartner with internal and external stakeholders1. Provides direction and guidance to the insurance representatives of all subsidiaries2. Manages the relationship between the MRP group, divisions and the brokers.3. Partners with Finance Management in ensuring the claim process and information provided is accurate and complete.4. Partner with external service providers.Lead the insurance portfolio for the Group1. Work with our brokers and the business gather and review information required for the corporate insurance programme.2. Undertaking the annual renewal negotiations and examining policy documentation to ensure compliance and accuracy.3. Ensure that premiums are invoiced as per the negotiations.4. Sign off invoices and ensure that payments are processed in a timely manner.5. Allocate premiums across the business in a manner that is in line with the strategy.6. Providing professional and timely insurance advice across the organisation.7. Make appropriate recommendation to the Risk Director on enhancements to the insurance program and internal policies and processes.8. Identify areas for improved risk management practices within the business and make recommendations for the effective management of these risks.9. Reviewing and implementing changes to the insurance programme to suit the group's changing needs and requirements. Considering current market trends, new developments and best practice to achieve best value.10. Maintaining relationships with the group's insurers and broker to enable the insurance team to keep abreast of current market trends, new developments and best practice.11. Training and supervising of insurance team members across all divisions, COE's including regular one to one meetings.12. Support the insurance team when dealing with large and complex claims.13. Keep policies and procedures relating to insurance current and up to date14. Monitor and report on claims, deductibles, stoppers and aggregates.15. Managing contracts with suppliers including but not limited to the insurance programme, broker contracts, specialist insurance policies, fund reviews and any other specialist work.16. Providing advice regarding insurance clauses within contracts and inspection of supplier's insurance documentation.17. Analysing and interpreting claims data to produce regular reports for board meetings18. Prepare quarterly board insurance reports.19. Prepare the annual insurance strategy for the risk directors review and approval.20. Overseeing property surveys with insurers and facilitating operational risk surveys and workshops.21. Manage liability claims notification processes to ensure that insurers/ divisions have sufficient information to investigate claims and monitor the effectiveness of the insurers/ divisions claim handling process.22. Resolve insurance queries from departments and third parties.23. Internal consultation with all operational units to ensure that they are aware of insurance coverage that is in place.24. Monitor the recovery process for third party liability claims.Qualifications:Education / Qualifications:4-year Tertiary Degree - Accounting, Business Administration, Economics.Experience:Minimum 5-10 years insurance related experience - Retail industry experience.Specific Knowledge:Risk, numbers and governance background - auditing exp adventagous .Good technical knowledge in relation to all aspects of insurance, and associated insurance regulation, as it affects the business specifically, and the industry in general.Business Understanding:Transfer of complex/complicated information or persuasion of individual people inside or outside of the organisation
