Insurance Risk Analyst

Placements24; Queenstown; Hybrid; NZD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Fully remote

Health benefits

Retirement plan

Professional development

Job summary

Placements24 is seeking an Insurance Risk Analyst for a fully remote role. You will identify, assess, and mitigate risks across operations and product lines, using advanced data analysis and modeling techniques.

You will develop risk frameworks, monitor KRIs, and collaborate with departments to implement mitigation strategies while ensuring regulatory compliance and strong communication with leadership.

Qualifications

• Bachelor's degree in a quantitative field.
• Minimum 4 years of experience in risk analysis, preferably in insurance/financial services.
• Strong understanding of risk management principles and tools.
• Proficiency in data analysis and modeling with R/Python/SAS and Excel.
• Excellent analytical and communication skills.

Responsibilities

• Identify and assess risks across insurance lines and operations.
• Develop and implement risk management frameworks and policies.
• Conduct quantitative analysis of financial data and market trends.
• Model risk scenarios and estimate financial impact.
• Monitor KRIs and report to senior management.

Skills

Risk analysis

Data analysis

Quantitative modeling

R/Python/SAS

Excel

Regulatory knowledge

Communication

Remote work

Education

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

Tools

R

Python

SAS

Excel

Job description

About the Role

Our client, a dynamic insurance firm, is seeking a meticulous and insightful Insurance Risk Analyst to join their team. This is a fully remote position, allowing you to contribute your expertise from anywhere. You will be responsible for identifying, assessing, and mitigating risks across the company's operations and product lines. This role involves in-depth data analysis, developing risk management strategies, and ensuring compliance with regulatory frameworks. We are looking for a proactive individual with strong quantitative skills and a thorough understanding of the insurance landscape. Your insights will be crucial in safeguarding the company's financial stability and strategic objectives. Join a forward-thinking organization that champions innovation and provides ample opportunities for professional growth in a virtual environment. We believe in empowering our remote workforce with the tools and support needed to excel.

Key Responsibilities

• Identify and assess potential risks across various insurance lines and business operations.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct quantitative analysis of financial data, market trends, and operational processes to evaluate risk exposures.
• Model potential risk scenarios and their financial impact.
• Monitor and report on key risk indicators (KRIs) to senior management.
• Collaborate with departments to implement risk mitigation strategies.
• Ensure compliance with internal risk tolerance levels and external regulatory requirements.
• Stay updated on emerging risks and industry best practices in risk management.
• Prepare reports and presentations on risk assessments and mitigation plans.
• Contribute to the development of business continuity and disaster recovery plans.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 4 years of experience in risk analysis, preferably within the insurance or financial services industry.
• Strong understanding of risk management principles, methodologies, and tools.
• Proficiency in data analysis and modeling techniques, with experience in statistical software (e.g., R, Python, SAS) and Excel.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and presentation skills, with the ability to articulate complex risk information clearly.
• Ability to work independently and manage multiple priorities in a remote setting.
• Knowledge of insurance products and operations is highly advantageous.
• Relevant professional certifications (e.g., PRM, FRM) are a plus.
• High level of integrity and attention to detail.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Comprehensive health, dental, and vision benefits.
• Retirement savings plan options.
• Opportunities for professional development, certifications, and training.
• Fully remote work arrangement with flexible hours.
• A collaborative and supportive virtual team culture.
• Exposure to diverse risk challenges within the insurance sector.