Insurance Risk Analyst

Placements24; Klerksdorp; Hybrid; ZAR 350,000 - 650,000; Full time

Benefits offered by this job

Hybrid work model

Competitive salary

Health benefits

Training & certifications

Dynamic work environment

Job summary

Placements24 in Klerksdorp seeks an Insurance Risk Analyst to join our growing risk team. You will identify, assess, and mitigate financial risks in insurance products, transforming data into actionable insights for stakeholders across the North West region.

Requirements include a degree in Finance/ Economics/ Statistics/ Mathematics, experience as a Risk Analyst in insurance or financial services, and proficiency in R, Python, and SQL.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Proven experience as a Risk Analyst, preferably within the insurance or financial services industry.
• Strong proficiency in data analysis tools and statistical software (e.g., R, Python, SQL).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex findings clearly and concisely to diverse audiences.

Responsibilities

• Develop and implement quantitative models to assess insurance risks.
• Analyze historical data, market trends, and economic factors affecting risk exposure.
• Prepare detailed reports and presentations on risk exposures and mitigation strategies.
• Collaborate with underwriting, actuarial, and finance teams to ensure integrated risk management.
• Monitor regulatory changes and their potential impact on the company's risk profile.

Skills

Quantitative analysis

Education

Degree in quantitative field

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a sharp and analytical Insurance Risk Analyst to join their growing team in Klerksdorp . This role is instrumental in identifying, assessing, and mitigating financial risks associated with insurance products. You will conduct in-depth analysis of market data, economic trends, and underwriting results to inform strategic decision-making. The position requires a strong quantitative background and the ability to translate complex data into actionable insights for stakeholders across the North West region. This is an excellent opportunity to shape risk management strategies in a challenging and rewarding environment.

Key Responsibilities

• Develop and implement quantitative models to assess insurance risks.
• Analyze historical data, market trends, and economic factors affecting risk exposure.
• Prepare detailed reports and presentations on risk exposures and mitigation strategies.
• Collaborate with underwriting, actuarial, and finance teams to ensure integrated risk management.
• Monitor regulatory changes and their potential impact on the company's risk profile.

Requirements

• Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Proven experience as a Risk Analyst , preferably within the insurance or financial services industry.
• Strong proficiency in data analysis tools and statistical software (e.g., R, Python, SQL).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex findings clearly and concisely to diverse audiences.

Benefits

• Highly competitive salary and potential for bonuses.
• Hybrid work model offering a blend of office collaboration and remote flexibility.
• Comprehensive health and wellness benefits package.
• Opportunities for advanced training and professional certifications in risk management.
• Dynamic work environment with significant impact on business strategy.