Hybrid Risk Analyst – Insurance Portfolio & Modeling

Placements24; Randburg; Hybrid; ZAR 550,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Bonus opportunities

Medical aid

Retirement fund contributions

Professional development

Hybrid work model

Paid time off

Job summary

Placements24 in Randburg, Gauteng, seeks a highly analytical Risk Analyst to join our client's risk management team. You will identify, assess, and mitigate risks across a diverse insurance portfolio, develop risk models, and provide strategic insights to senior management.

The ideal candidate has a quantitative background, knowledge of insurance operations, and proficiency in SQL, Python, R, and Excel. A Bachelor's degree in a quantitative field and relevant certifications (PRM/FRM) are

Qualifications

• Bachelor's degree in a quantitative field is essential.
• PRM/FRM or actuarial progress is desirable.
• Minimum 4 years in risk analysis, preferably in insurance/financial services.
• Strong understanding of insurance products, operations and regulations.
• Advanced analytical, statistical, and modeling skills.
• Proficiency in data analysis tools (SQL, Python, R, Excel).
• Excellent written and verbal communication; able to explain complex concepts.

Responsibilities

• Identify, assess and quantify risks across the insurance portfolio.
• Develop and maintain risk models and methodologies.
• Analyze large datasets to identify trends and risk concentrations.
• Prepare comprehensive risk reports for senior management.
• Monitor effectiveness of risk mitigations and internal controls.
• Contribute to ERM framework development and implementation.
• Ensure compliance with insurance regulations and risk standards.
• Collaborate with business units to embed risk practices.
• Stay abreast of emerging risks and industry best practices.
• Assist in stress testing and scenario analysis.

Skills

Analytical skills

Statistical modeling

Data analysis

SQL

Python

R

Excel

Communication

Education

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

Matriculation certificate

PRM/FRM (desirable)

Tools

SQL

Python

R

Excel

Job description

Placements24 in Randburg, Gauteng, seeks a highly analytical Risk Analyst to join our client's risk management team. You will identify, assess, and mitigate risks across a diverse insurance portfolio, develop risk models, and provide strategic insights to senior management.

The ideal candidate has a quantitative background, knowledge of insurance operations, and proficiency in SQL, Python, R, and Excel. A Bachelor's degree in a quantitative field and relevant certifications (PRM/FRM) are