About this role
We’re looking for an experienced Line 1 Insurance & Financial Risk Manager to play a critical role in strengthening risk management, controls, and operational resilience across our Finance, Actuarial, & Corporate Services (FACS) function.
You’ll provide Line 1 risk leadership across FACS, with a particular focus on key enterprise risks including Capital Management & Allocation, Claims Inflation, and Forecasting & Pricing, as well as Premium Revenue as a CPS 230 critical operation.
You’ll design, document and test business controls, uplift assurance outcomes, and partner closely with stakeholders across Line 1, Line 2 and Line 3 to drive pragmatic, high-quality risk and compliance outcomes.
More Specifically, you will:
Own and maintain FACS risk profiles, ensuring risks, controls and obligations are accurately captured and managed in Protecht
Design, document and test key controls, and drive timely remediation of issues
Provide Line 1 risk input into business change initiatives to ensure risks and controls are embedded before go-live
Lead incident, near-miss and issue management, including root cause analysis and control uplift
Manage CPS 230 requirements for the Premium Revenue critical operation, including BIAs, BCPs, testing and assurance evidence
Coordinate internal audit and assurance activities
Prepare insightful risk reporting for senior management and risk forums
About you
With approximately 5–8 years’ experience across Line 1 risk, finance, actuarial and insurance operations, you bring a deep understanding of finance fundamentals, including pricing, forecasting, claims cost drivers and capital considerations.
You have proven capability in designing, documenting and testing controls, as well as effectively coordinating audit and assurance activities to ensure compliance and operational integrity.
Furthermore, we’re looking for:
Hands-on experience with Protecht or similar GRC systems
Ability to translate complex risk issues into clear, actionable insights for senior stakeholders
Strong organisational skills, attention to detail, and a delivery-focused mindset
Confidence influencing across Lines 1, 2 and 3 while balancing commercial outcomes with prudent risk management
Exposure to CPS 230 and operational resilience requirements is desirable, though not essential
CA, CPA, actuarial or risk/compliance qualifications
We know some people only apply when they meet every requirement. We’re always on the lookout for curious individuals who will add to the culture – so if this role resonates with you and you have relevant experience, we’d love to hear from you!
Who we are
nib is a leader in private health insurance, disability support and health services. We’re reshaping the industry through innovation, smart partnerships and a strong focus on delivering great value to our members. Our mission is simple: helping people enjoy better health and supporting healthier, more sustainable communities.
Diversity, equity and inclusion
We welcome people from all backgrounds and lived experiences and are committed to a workplace where everyone can be themselves. We encourage applications from Aboriginal and Torres Strait Islander peoples, people living with disability, veterans, LGBTQIA+ communities and culturally diverse individuals to apply for open roles.
We’re committed to creating an accessible recruitment process and employment experience. If you require adjustments to our online application, recruitment, selection and/or assessment process, or would like this advertisement in an alternative format, please contact us at nibemployment @nib.com.au
Working at nib
Our hybrid model gives you the flexibility to work from home or from our purpose built office Hubs designed for connection and collaboration. Other benefits to support you at work (and play) include:
New starter benefit to help set up a functional home workspace
50% discount on employee health insurance + 35% off travel insurance
Opportunity to give back with paid volunteering leave supported by the nib foundation
Access to our nib Well Program and corporate fitness discounts
Access to employee share plans, short-term incentive program and life and salary continuance insurance benefits
18 weeks paid parental leave for all new parents regardless of carer status
5 days paid cultural leave for First Nations peoples
4 weeks paid gender affirmation leave for trans, gender diverse and intersex employees
The fine print
All your information will be kept confidential according to EEO guidelines. Successful applicants will be required to complete a background check (including criminal history and bankruptcy check) prior to commencement of employment.
We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands where we live, learn and work.
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