Insurance Risk Analyst — Data-Driven Risk & Actuarial Support

Placements24; Willows (CA); On-site; USD 36,000 - 55,000; Full time

Benefits offered by this job

Performance bonus

Medical aid & retirement fund

Annual leave

Job summary

Placements24 is seeking an Insurance Risk Analyst to join our client’s team in Welkom. The role focuses on identifying, assessing, and mitigating risks across the insurance portfolio, with data-driven strategies and proactive risk management.

You will develop risk frameworks, analyze data to predict potential losses, and advise senior management on exposure. Strong communication and collaboration with underwriting and actuarial teams are essential.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Actuarial Science, or a related quantitative field.
• 4+ years of risk analysis experience in insurance preferred.
• Strong analytical and quantitative skills with proficiency in statistical modeling and data analysis software.

Responsibilities

• Analyze insurance data to identify emerging risks and exposures.
• Develop and implement risk management frameworks to minimize losses.
• Conduct risk assessments and audits of insurance products and processes.
• Prepare risk reports and present findings to senior management and committees.
• Collaborate with underwriting, claims, and actuarial teams to align risk practices.
• Monitor regulatory changes and industry best practices to ensure compliance.

Skills

Risk analysis

Statistical modeling

Data analysis

R

Python

SAS

Report writing

Education

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

Job description

Placements24 is seeking an Insurance Risk Analyst to join our client’s team in Welkom. The role focuses on identifying, assessing, and mitigating risks across the insurance portfolio, with data-driven strategies and proactive risk management.

You will develop risk frameworks, analyze data to predict potential losses, and advise senior management on exposure. Strong communication and collaboration with underwriting and actuarial teams are essential.