Senior Risk Analyst: Insurance Analytics (Hybrid)

Placements24; Houston (TX); Hybrid; USD 42,000 - 60,000; Full time

Benefits offered by this job

Hybrid work model

Bonuses

Medical aid

Retirement fund

Professional development

Job summary

Placements24 is seeking a skilled Risk Analyst to join its analytical team in Randburg, Gauteng. The role focuses on identifying, assessing and mitigating risks across operations, products and financial exposures, with emphasis on regulatory compliance and risk reporting.

The ideal candidate has 4+ years’ risk analysis experience in insurance/financial services, strong analytical abilities, and proficiency in Excel, SQL and statistical software. A hybrid work model is offered.

Qualifications

• 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 frameworks.
• Proficiency in data analysis tools and techniques (e.g., Excel, SQL, statistical software).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Familiarity with regulatory requirements in the insurance sector is highly advantageous.
• Ability to work independently and collaboratively in a team environment.
• Detail-oriented with strong organizational skills.
• Experience with risk management software is a plus.

Responsibilities

• Identify and assess various types of risks (e.g., market, credit, operational, underwriting, claims).
• Develop and implement robust risk management frameworks and policies.
• Conduct quantitative and qualitative risk analysis, including scenario modeling and stress testing.
• Monitor key risk indicators (KRIs) and report on the organization’s risk profile.
• Collaborate with business units to understand their risk exposures and control measures.
• Develop and recommend strategies for risk mitigation and control.
• Ensure compliance with relevant industry regulations and internal risk management standards.
• Prepare risk reports and present findings to senior management and relevant committees.
• Stay informed about emerging risks and industry best practices in risk management.
• Contribute to the development of risk awareness training programs within the company.

Skills

Analytical skills

Excel

SQL

Statistical software

Communication skills

Problem-solving

Attention to detail

Team collaboration

Education

Bachelor's degree in Finance / Economics / Mathematics / Statistics

Tools

Risk management software

Data analysis tools

Job description

Placements24 is seeking a skilled Risk Analyst to join its analytical team in Randburg, Gauteng. The role focuses on identifying, assessing and mitigating risks across operations, products and financial exposures, with emphasis on regulatory compliance and risk reporting.

The ideal candidate has 4+ years’ risk analysis experience in insurance/financial services, strong analytical abilities, and proficiency in Excel, SQL and statistical software. A hybrid work model is offered.