Insurance Risk Analyst

Placements24; Southampton; Hybrid; GBP 27,000 - 54,000; Full time

Benefits offered by this job

Hybrid working model

Health insurance

Retirement savings plan

Professional development

Competitive salary and bonus

Job summary

Placements24 is partnering with a leading insurer to hire an Insurance Risk Analyst in Randburg. The role focuses on identifying, assessing, and mitigating insurance risks through data analysis, modeling, and strategic recommendations.

You will develop risk models, monitor KRIs, and prepare clear reports for senior management while collaborating across departments to strengthen internal controls. A hybrid work model and ongoing professional development are offered.

Qualifications

• Bachelor’s or Master’s degree in Finance, Economics, Statistics, or related quantitative field.
• 3–5 years of risk analysis experience in insurance or financial services.
• Strong analytical, statistical, and modeling skills; proficient in Excel, R, Python.
• Solid understanding of insurance principles and financial markets.
• Excellent report writing and presentation skills; able to explain complex data clearly.

Responsibilities

• Conduct quantitative and qualitative analysis of insurance risks across market, credit, and operations.
• Develop and maintain risk models, scenarios, and stress tests.
• Monitor KRIs and provide regular reports to senior management and committees.
• Research industry trends, regulatory developments, and economic factors affecting insurance.
• Collaborate with departments to implement risk mitigation and strengthen controls.

Skills

Analytical skills

Statistical modeling

Data analysis

Excel

Python

R

Education

Bachelor's or Master's degree in Finance, Economics, Statistics, or related quantitative field

Tools

R

Python

Excel

Job description

About the Role

Our client, a leading insurer operating in Randburg, is seeking a sharp and analytical Insurance Risk Analyst. This role is crucial for identifying, assessing, and mitigating potential risks associated with the company's insurance products and operations. You will conduct detailed analysis of data, market trends, and regulatory changes to provide insights and recommendations that support informed decision-making and strategic planning. The successful candidate will contribute to safeguarding the company's financial stability and enhancing its risk management framework within the competitive Gauteng market.

Key Responsibilities

• Conduct quantitative and qualitative analysis of insurance risks, including market, credit, and operational risks.
• Develop and maintain risk models, scenarios, and stress tests to assess potential financial impacts.
• Monitor key risk indicators (KRIs) and provide regular reports to senior management and relevant committees.
• Research and analyze industry trends, regulatory developments, and economic factors affecting the insurance sector.
• Collaborate with various departments to implement risk mitigation strategies and enhance internal controls.

Requirements

• Bachelor's or Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• 3-5 years of experience in risk analysis, preferably within the insurance or financial services industry.
• Strong analytical, statistical, and modeling skills, with proficiency in relevant software (e.g., Excel, R, Python).
• Excellent understanding of insurance principles and financial markets.
• Effective report-writing and presentation skills, able to communicate complex information clearly.

Benefits

• Competitive salary and performance-related bonus structure.
• Hybrid working model offering flexibility and work-life balance.
• Comprehensive health insurance and retirement savings plan.
• Opportunities for professional development, including certifications and training.
• A dynamic and intellectually stimulating work environment in Randburg .