PURPOSE OF THIS ROLE
The role entails the following:
Providing inputs in the development of the corporate strategic plan and ensure implementation thereof;
- Evaluating country/project risks and determining premium rates to ensure financial sustainability;
- Reviewing/developing insurance products to increase business opportunities;
- Leading research activities with focus on insurance industry and international economic developments as well as the identification of trade and investment opportunities;
- Writing articles that positively position the Corporation’s brand, products and services across all its target markets; and,
- Managing the day-to-day activities in order to meet the Unit objectives.
- Representing company at different forums, both international and local.
UNDERWRITING FUNCTION:The Unit Head will be expected to:
Develop and implement analytical tools to identify and assess credit risk exposure per country/ project and formulate strategies to mitigate the risks.
- Approve and provide guidance in the recommendations for all country/industry risk assessment. Oversee the provision of country and industry risk reports.
- Consistently review company insurance products, identify and develop new insurance products and guidelines to expand market penetration.
- Develop and implement risk pricing methodologies in line with actuarial requirements and industry practices. Provide premium quotations to financial institutions, exporters and investors
- Establish links with other Export Credit Agencies, international bodies or institutions and public institutions to exchange information related to project risk evaluation processes and appetite.
- Develop and maintain the underwriting parameters to comply with international best practices.
Provide and measure economic achievements in terms of the dtic goals through appropriate economic impact assessment models.
- Investigate and lead the research process to identify trade and investment opportunities for SA exporters and investors.
- Develop methods and procedures for collecting and processing data, utilizing knowledge of various econometric and sampling techniques.
- Prepare and write communications and articles that positively position the Corporation’s brand, products and services across all its target markets.
- Attend, make presentations and contribute to the Project Risk Evaluation and Executive Committees.
- Represent the Corporation at local and international conferences and participate in South Africa’s international trade missions. Compile opinion editorial articles.
- Formulate the strategic plan and objectives of the Business Unit in line with the corporate objectives and coordinate all the operations.
- Address ad hoc research request/issues raised at Corporate Executive and Board levels.
Manage PEAR Unit – Implement the strategic operational plan, coordinate PEAR operations; assess performance and report to the Executive Management ..
- Rolling out the Enterprise Risk Management – Identify risks and their metrics and develop the Action Plan to resolve each potential risk event.
- Implement succession planning that promotes further career and skills development within the Business Unit.
- Identify and implement training programmes for the Business Unit
A Master’s degree in Economics, Econometrics or Development Finance. Understanding of Trade and International Relations is an advantage.
- Structured project and corporate finance training – preferable.
- Strong verbal and written communication skills including presentation skills with the ability to explain concepts and relate them back to the underwriting mandate.
- Interpersonal skills, abilities in relationship management and teamwork communication.
- Advanced Microsoft (Excel/Word/PowerPoint) skills and econometric models
- A minimum of 5 years’ experience in any of the following: risk analysis, project finance, country and industry risk analysis and strategic plan design, export credit insurance.
Excellent analytical skills (data analysis and econometric modelling)
- Strong credit and risk analysis skills;
- Ability to communicate verbally and in writing at all levels;
- Ability to coordinate and manage multiple functions;
- Ability to forge relationships with other areas of the business;
- Strong aptitude for problem resolution and decision making;
- Problem solving skills to identify issues and present creative and practical solutions;
- Strict attention to details and deadline oriented;
- Managing others: technical credibility, problem solving, accountability, decisiveness, delegation, people positive, giving support
- Managing self: self-motivation, communicating information, showing resilience, upholding standards
- Managing managers: established rapport, team working, conflict handling, directing people
The incumbent is required to have the following Behavioural competencies:
- Functional manager: developing expertise, empowering people, building relationships, creating innovation
- Team leadership: Consistently offer relevant inputs to team discussions as issues are being clarified and solutions are being developed.
- High performance: accountability, efficiency, can-do-attitude, people development, etc.
- Integrity: ethics, leading by example, respect
- Innovation: continuous improvement – lead Change and /or incorporate new, better, or significantly different methods, processes, products or services to meet customer needs
- Service delivery: act as a trusted advisor, timeous delivery, recognize co-workers and respond to them accordingly.
- Shared vision: act in ways that contribute towards the viability of and reliance on the Unit
- Flexibility: Available to work more than ordinary business hours.
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