Finance Manager (Short-Term Insurance)
Lead finance for a regulated insurer. CA(SA) & insurance experience required. Competitive salary. Dynamic growth, compliance, reporting, board exposure.
Explore a compelling opportunity as a Finance Manager (Short-Term Insurance). The role offers a competitive salary between R600 000 and R800 000 CTC per annum. This is a permanent, full-time position, ideally suited to candidates with a CA(SA) plus 2–3 years of experience in non-life insurance finance.
Applicants will thrive in a highly regulated insurer that values strong governance and compliance. The position emphasises quality-driven growth with excellent capital management practices and regular exposure to board-level decisions.
The business offers a disciplined yet entrepreneurial environment, ideal for those with solid reporting, regulatory, and hands-on finance skills. Join a dynamic team committed to professional growth and expansion.
Core Responsibilities
The Finance Manager oversees financial management, reporting, and compliance for non-life insurance operations. This involves preparing monthly management accounts, annual statements, and Exco or board reports.
Key duties include handling regulatory returns, monitoring solvency and capital adequacy, and ensuring SAM and IFRS compliance. Experience with ORSA, SCR, and the Prudential Authority reporting will be advantageous.
Management of daily operational finance—such as premium, claims, and cashflow processes—is central. Reliability in maintaining controls over outsourced binder arrangements is crucial.
The role involves close collaboration with actuarial teams and requires proficiency in accounting systems, preferably Xero or Sage Pastel, for financial oversight. Strong Microsoft skills are expected.
Supporting audits, maintaining internal controls, and developing policy procedures rounds off the job’s scope.
Benefits and Pros
One major advantage is the huge growth potential within a dynamic insurer, appealing to those eager to advance and gain broader exposure.
The business’s culture is described as inclusive, offering applicants a fair and unbiased hiring process with data handled securely.
Regular interaction with board members and senior decision makers ensures visibility for your contribution. This is ideal for ambitious professionals who want meaningful responsibility.
Robust compliance and support structures make it an excellent choice for candidates wary of regulatory instability. The professional environment is enhanced by a clear path to advance internally.
In addition, applicants receive guidance throughout onboarding and receive structured feedback during assessment.
Potential Drawbacks
The high level of regulatory oversight may feel restrictive to those used to more creative financial roles. Strict alignment to frameworks is mandatory.
Applicants must have a completed CA(SA) and SAICA articles, narrowing eligibility. Non-insurance backgrounds may not be considered.
The hands-on nature of the job could require extra commitment, especially during reporting or audit periods.
Some responsibilities, like binder management or due diligence with brokers, mean repetitive administrative processes for those less detail-oriented.
Lastly, a minimum of two years in insurance finance is crucial—this is not an entry-level finance role.
Verdict
This Finance Manager opportunity stands out for experienced CAs seeking structured growth and complex, rewarding duties within a respected insurer. The blend of technical compliance, board involvement, and growth potential makes it one of the best roles for specialists ready to take the next big step in insurance finance.
