POSTBANK VACANCIES

 
POSITION NUMBER : 60066580
JOB TITLE : HEAD OF BANCASSURANCE
JOB GRADING : D5
REPORTS TO : CHIEF COMMERCIAL OFFICER
BUSINESS UNIT : COMMERCIAL
LOCATION : GAUTENG
POSITION STATUS : PERMANENT
 
Why join Postbank
Postbank is a state-owned banking institution dedicated to providing cost-effective financial services to South Africans, particularly the unbanked and underserved. As the Head of Bancassurance, you will have the opportunity to shape the future of banking in South Africa by developing innovative products that empower millions to achieve financial security.
Join a team committed to making a meaningful impact through accessible and affordable financial solutions.
 
Purpose of the Job
The Head of Bank assurance at Postbank is a senior leadership role responsible for developing, managing, and innovating the bank’s portfolio of value-added services and insurance products. This role drives the strategic direction, design, and delivery of compelling customer propositions that enhance customer experience, increase revenue, and align with Postbank’s overall business objectives.
 
Job Responsibilities
 
Strategic Leadership and Product Development
• Lead the end-to-end lifecycle management of VAS and insurance product propositions, from ideation through to market launch and ongoing optimization.
• Develop and execute winning product and VAS strategies that align with Postbank’s retail and insurance business goals.
• Identify market trends, customer needs, and competitive landscape to innovate and enhance product offerings.
• Collaborate with cross-functional teams including marketing, sales, underwriting, actuarial, technology, and operations to ensure successful product delivery and adoption.
• Manage relationships with external partners and vendors to integrate and optimize value-added services and insurance products.
 
Commercial and Financial Management
• Oversee pricing strategies, profitability, and revenue management for VAS and insurance product lines.
• Conduct competitive analysis and benchmarking to maintain market-leading propositions.
• Monitor product performance metrics and implement revenue assurance practices to minimize income leakage.
• Prepare and present business cases for new propositions and enhancements to senior management and stakeholders.
 
Value Proposition Design and Customer Experience
• Design unique and differentiated value propositions that address customer pain points and deliver measurable value.
• Use customer insights and market research to continuously refine product features and benefits.
• Ensure customer-centricity in product design, focusing on improving customer experience, process efficiency, and turnaround times.
• Lead marketing campaigns and communication strategies to promote VAS and insurance propositions effectively.
 
Regulatory Compliance and Risk Management
• Ensure all VAS and insurance products comply with relevant regulatory requirements and industry best practices.
• Work closely with legal and compliance teams to mitigate risks associated with product offerings.
• Ensure a robust risk management and compliance model for the insurance business across client segments according to local regulations and internal policies
• Ensure active monitoring and maintenance of risk management policies and controls / standards
• Ensure all insurance-related staff and activities are compliant with local and Group policies / standards / controls
• Responsible for any necessary reporting as required by local country insurance authorities and regulators. Group Insurance must be informed of all external communications to regulators
 
Role Requirements:
Qualifications:
• Bachelor’s degree in Business, Finance, Insurance, or a related field; advanced degree or MBA preferred
 
Experience:
• Extensive experience (typically 8+ years) in product management, value-added services, or insurance product development within the banking or financial services sector.
• Experience managing cross-functional teams and external vendor relationships.
• Candidates having experience in Insurance business especially in Banking Industry would be preferred
• 5-8 years’ experience in Insurance business especially in Banking or Financial Services Industries would be preferred
• Leadership roles, with strong experience in sales and business management, as well as product development.
 
Knowledge and understanding of:
• Strong and demonstrable track record of successful implementation of product variants and innovative customer offerings
• Demonstrated ability in implementing business plans related to sales, distribution and service
• Strong communication and negotiation skills with the ability to influence outcomes
• Ability to implement change initiatives by taking ownership and working with all stakeholders
• Strong inter-personal skills and coordination ability, which encourages and promotes enthusiasm and team spirit.
• The ability to lead teams of people, flexing style when and where possible to be seen as a thought-leader as well as producer
 
Skills and Attributes
• Excellent strategic thinking, analytical, and problem-solving skills.
• Achievement driven & Attention to detail, Flexibility/Adaptability to Change
• Ability to generate new ideas and creative solutions
• Strong relationship and networking skills both external and internal to the bank
• Excellent people management skills, Good interpersonal and presentation skills
• Strong strategy execution skills, Solid implementation and coordination capabilities
• Familiarity with digital product development and emerging fintech/insurtech trends.
• Ability to work in a fast-paced, dynamic environment and manage multiple priorities.
• Customer-focused mindset with a passion for innovation and continuous improvement.
• Proficiency in data analysis tools and product management software.
• Commitment to Financial Inclusion: Passion for Postbank’s mission to serve underserved communities and promote financial inclusion.
 
 
How to Apply
If you wish to apply and meet the requirements, please forward your Curriculum Vitae (CV) to RecruitmentSN@Postbank.co.za
Please indicate in the subject line the position you are applying for. 
 
Closing Date 27 June 2025
 
Disclaimers
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the bank’s employment equity plans, we encourage and welcome applications from diverse groups from the South African Employee active population.
Correspondence will be limited to short-listed candidates only.
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.
POPIA provides that everyone has the right to privacy and it includes a right to protection against the unlawful collection, retention, dissemination and use of personal information. By applying for employment you consent to the processing of your personal information with Postbank. Your personal information and any attached text or documentation are retained by Postbank for a period in accordance with relevant data legislation.
 
 
 
 
 

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POSITION NUMBER : 60014549
JOB TITLE : HEAD OF TRANSACTIONAL AND SAVINGS PRODUCTS
JOB GRADING : D5
REPORTS TO : CHIEF COMMERCIAL OFFICER
BUSINESS UNIT : COMMERCIAL
LOCATION : GAUTENG
POSITION STATUS : PERMANENT
 
Why join Postbank
Postbank is a state-owned banking institution dedicated to providing cost-effective financial services to South Africans, particularly the unbanked and underserved. As the Head of Products, you will have the opportunity to shape the future of banking in South Africa by developing innovative products that empower millions to achieve financial security. Join a team committed to making a meaningful impact through accessible and affordable financial solutions.
 
Purpose of the Job
To lead the strategic development, management, and optimization of Postbank’s product portfolios. This includes overseeing the entire product lifecycle—from ideation and development to launch and post-launch analysis—ensuring alignment with customer needs, market trends, and regulatory requirements. Responsible for setting and developing Product and Proposition Strategy.
 
Job Responsibilities
• Collaborate with cross-functional teams, including marketing, operations, IT, and compliance, to ensure seamless product delivery and implementation.
• Develop the product strategy and roadmap (detailed product and project plan) to ensure seamless execution and clear product direction
• Develop new products based on strategic priorities, revenue opportunities, industry experience, idea generation, company technological capability, staff resources, and site and marketplace research
• Optimize and analyze product performance and respond quickly to diagnose and correct any problems
• Manage product lifecycle and submit plans relevant parties for lifecycle-related development and retirement activities
• Monitors product development at predefined checkpoints to assure compliance with requirements, functional specifications and market strategy; reports status to Management Team and recommends risk mitigation strategies
• Work with Business Development, marketing and sales to assess opportunities that have product definition implications to ensure a revenue-generating offering
• Conduct market research to identify customer needs, market trends, and competitive offerings, particularly for underserved and unbanked populations.
• Develop a user experience and offering that exhibits an expertise with respect to the competitive offerings, from both a user and advertiser perspective, to ensure the product is competitive with the market.
• Build, lead, and mentor a high-performing product management team, fostering a culture of innovation, collaboration, and excellence.
• Ensure the efficient management, control, compliance and reporting of the function / resources in accordance with the stipulations of the PFMA, fraud prevention and risk management principles, corporate governance, legislation, company policies, processes, regulations, Delegation of Authority, etc.
• Develop and manage budgets for product development, marketing, and operational initiatives.
 
Role Requirements:
Qualifications:
• Applicable Post Graduate Degree (NQF 8) in Commerce/Science or Engineering. A recognised MBA will be an added advantage.
Experience:
• Minimum of 10 years of experience in product management within the banking or financial services industry, with at least 5 years in a senior leadership role
• Fulfil the terms of FAIS, any related legislation or regulation and any guidelines or regulations issued by the Financial
Sector Conduct Authority (FSCA)
• Computer literacy – Microsoft Office package (MS Word, Excel, PowerPoint, Outlook)
 
Knowledge and understanding of:
• Knowledge of the financial services products
• Experience in creating functional requirements and product specification documents
• A track record of envisioning, defining, launching and sustaining competitive financial products
• Project Management knowledge and experience
 
Skills and Attributes
• Leadership: Exceptional leadership and team management skills, with the ability to inspire and motivate a diverse team.
• Strategic Thinking: Strong analytical and problem-solving abilities to develop innovative product strategies.
• Communication: Excellent communication and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
• Innovation: Creative mindset with a passion for designing customer-centric solutions that address the needs of underserved communities.
• Project Management: Proficiency in product development methodologies and project management tools.
• Multilingual: Fluency in English; proficiency in other South African languages (e.g., isiZulu, isiXhosa etc) is a plus.
• Strong analytical and data interpretation skills.
• Commitment to Financial Inclusion: Passion for Postbank’s mission to serve underserved communities and promote financial inclusion.
• Integrity: High level of ethical standards and professionalism.
• Adaptability: Ability to thrive in a dynamic, fast-paced environment and navigate complex regulatory and market challenges.
 
 
How to Apply
If you wish to apply and meet the requirements, please forward your Curriculum Vitae (CV) to RecruitmentSN@Postbank.co.za
Please indicate in the subject line the position you are applying for. 
 
Closing Date 27 June 2025
 
Disclaimers
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the bank’s employment equity plans, we encourage and welcome applications from diverse groups from the South African Employee active population. Correspondence will be limited to short-listed candidates only.
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.
POPIA provides that everyone has the right to privacy and it includes a right to protection against the unlawful collection, retention, dissemination and use of personal information. By applying for employment you consent to the processing of your personal information with Postbank. Your personal information and any attached text or documentation are retained by Postbank for a period in accordance with relevant data legislation.
 
 
 
 
 

​POSITION NUMBER : 60033240
JOB TITLE : FIANCIAL MANAGER
JOB GRADING : D3
REPORTS TO : SENIOR MANAGER: FINANCE
BUSINESS UNIT : FINANCE
LOCATION : HEAD OFFICE (PRETORIA)
POSITION STATUS : PERMANENT
 
Purpose of the Job
Reporting to the Senior Manager: Finance and responsible for External Reporting / Management Accounting. Preparation of accurate, complete, and timely monthly, Quarterly, and Annual financial statements and other reports forthe finance business unit. Providing accounting and finance-related support to Postbank management and other internal and external stakeholders (including internal and external auditors)
 
Job Responsibilities
• Responsible for financial planning (budgeting and forecasting for the Bank, including Opex and Capex in accordance with the guidelines and timelines provided by the National Treasury.
• Preparation of monthly management finance reports.
• Co-ordinate the Balanced Scorecard information for Postbank.
• Maintaining the general ledger accounts and cost centre structure to ensure that the Postbank variants on SAP is up to date.
• Monitoring the business unit income statement and balance sheet, and report and analyse all variances timely.
• Identifying deficiencies in internal controls, on the finance related procedures, policies and make recommendations for solutions.
• Oversee the preparation of monthly reconciliations and relevant journal entries within the specified timelines.
• Assist with project planning and ensure there is adequate budget for each project.
• Ensure effective management of expenditure and Accounts Payables (AP) including processing of accounts payables, clearing of GRN, dealing with supplier queries, and review and signing off of reconciliations on AP.
• Ensure efficient management, control and compliance of the function / resources in accordance with the stipulations of the PFMA, fraud prevention and risk management principles, corporate governance, legislation, agreements, company policies, practices, procedures, regulations, Delegation of Authority, etc.
• Preparing and submitting quarterly reports and MTEF & ENE databases to Senior Manager for submission to National Treasury.
• Manage accounts payable section and ensure that payments are made according to the PFMA requirements i.e. paying suppliers within 30 days from date of receipt of an invoice.
• Reviewing of month end Journals and GL account reconciliations.
• Receive and verify authorised invoices prior to processing them. Processing and monitoring payments and expenditures.
• Maintain updated vendor files and accounts payables listing.
• Maintain a filing system for all financial documents.
• Assist Finance Senior manager and CFO with ad-hoc exercises.
• People Management
➢ Manage a team of accountants and creditors section.

• Recruit and develop skilled and talented staff.
• Manage performance of direct reportees ensuring agreement of annual goals, measuring performance against agreed goals, and dealing with non-performance accordingly
• Talent management of direct reports, including career development and paths for all staff
• Ensure that staff receive adequate and relevant training to support their careers.
• Ensure that the working environment contributes to improving staff morale and increased productivity.
• Alignment to the bank’s transformation objectives through departmental processes

 
Role Requirements:
Qualifications:
• CA(SA) with at least 5 years post articles experience, bachelor’s degree (NQF 7) in accounting/ Finance or related field.
 
Experience:
• At least 3-5 years’ experience in complex reconciliations, preparing of financial statements and analysing of financial reports.
• Banking experience will be an advantage.
 
Knowledge and understanding of:
• International Financial reporting standards and the ability to apply revised or new accounting guidelines to the organisation accounting, knowledge and experience of SAP, advanced Microsoft Office including Word, Excel, PPT.
• Stakeholder management planning
• Strategy development and implementation
• Strategic process enhancement
• Change Management Methodologies
• Organisational development, management techniques and good business practices
• Project management (principles, practices, techniques and tools)
• Value Chain Management
• Risk and Compliance management.
• Relevant statutes, rules and regulations
 
Skills and Attributes
• Financial Modelling, Conflict resolution and/or mediation skills, Influencing and Negotiation skills
• Financial Management skills, i.e. budgeting, cost benefit analysis and business case development.
• Advanced verbal and written communication, presentation and selling skills.
• Conceptualisation and integration skills
• Decision making skills, Change management.
• Analytical Thinking and Research skills
• Ability to analyse complex problem situations and design effective remedial solutions.
• Planning, coordination & implementation skills
• Accurate numerical computations, analytical and overall quantitative skills
• Developing and delivering business strategy (e.g. Turnaround Strategy)
• High level of emotional intelligence, Business Acumen
• Business Intelligence/Organisational awareness, Adaptability to change, Effective Communication
• Learning Agility, Initiative, creativity, and Innovation, Critical Thinking
• Cross Cultural Awareness and sensitivity
• Knowledge Management, Managing and developing others, Relationship Building
• Resilience, Strategic Thinking, Customer and Client Orientation
 
 
How to Apply
If you wish to apply and meet the requirements, please forward your Curriculum Vitae (CV) to RecruitmentSN@Postbank.co.za
Please indicate in the subject line the position you are applying for. 
 
Closing Date 27 June 2025
 
Disclaimers
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the bank’s employment equity plans, we encourage and welcome applications from diverse groups from the South African Employee active population.
Correspondence will be limited to short-listed candidates only.
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.
POPIA provides that everyone has the right to privacy and it includes a right to protection against the unlawful collection, retention, dissemination and use of personal information. By applying for employment you consent to the processing of your personal information with Postbank. Your personal information and any attached text or documentation are retained by Postbank for a period in accordance with relevant data legislation.

​GRADUATE INTERNSHIP
 
OPPORTUNITY
JOB TITLE : GRADUATE INTERNSHIP OPPORTUNITY
REPORTS TO : POSTBANK BOARD CHAIRPERSON
LOCATION : HEAD OFFICE
POSITION STATUS : 12 MONTHS
 
Purpose of the Job
Are you a recent Postgraduate looking to gain meaningful, high-level exposure in a corporate governance setting?
Postbank invites ambitious and capable graduates to apply for a unique internship opportunity that offers direct exposure to meaningful assignments that supports the Postbank Board.
This opportunity is designed for a Postgraduate Degree holder who will support and learn within the Board context. The selected candidate will be immersed in executive-level dynamics, contributing to research, presentations, corporate governance structures, particularly within a banking and regulatory environment.
 
Key Responsibilities
• Conduct research and analysis to support the Postbank Board
• Develop and present reports, papers, and presentations
• Contribute to special projects and initiatives as required from time to time
What You Will Gain:
• Experience to put into practise academic knowledge gained and demonstrate innate skills and talents.
• First-hand insight into the operations of a Board-level environment.
• Mentorship and learning opportunities from experienced and insightful leaders.
• Enhanced understanding of governance, policy development, and banking regulations.
 
Role Requirements:
Qualifications:
• A completed Postgraduate degree in Finance or Business studies.
Knowledge and understanding of:
• Exposure to or understanding of banking operations or regulatory frameworks is advantageous
• Must have a keen interest in understanding and supporting assignments of strategic importance
 
Skills and Attributes
• Strong research and analytical skills
• Excellent writing and communication abilities
• Professionalism, discretion, and a proactive attitude
• Competence in creating and delivering presentations
• Willingness to learn and adapt in a fast-paced corporate environment
• Interest in banking and regulatory dynamics
• Good time management
• Ethical and values-based conduct
• Confident
• Must be prepared to travel locally if required to do so
 
 
How to Apply
If you wish to apply and meet the requirements, please forward your Curriculum Vitae (CV) to PostbankGraduateInternships@postbank.co.za
Please indicate in the subject line the position you are applying for. 
 
Closing Date 20 June 2025
 
Disclaimers
The South African Postbank SOC Limited is committed to the achievement and maintenance of diversity and equity in employment, especially with regard to race, gender and disability. In compliance with the bank’s employment equity plans, we encourage and welcome applications from diverse groups from the South African Employee active population.
Correspondence will be limited to short-listed candidates only.
If you do not hear from the South African Postbank SOC Limited or its Agent within 3 months of this advertisement, please accept that your application has been unsuccessful. The South African Postbank SOC Limited reserves the right not to fill the positions or to re-advertise the positions at any time.
POPIA provides that everyone has the right to privacy and it includes a right to protection against the unlawful collection, retention, dissemination and use of personal information. By applying for employment you consent to the processing of your personal information with Postbank. Your personal information and any attached text or documentation are retained by Postbank for a period in accordance with relevant data legislation.