Insurance Risk Analyst

Placements24; LegKraal Gate; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Competitive salary with incentives

Remote work flexibility

Health and retirement benefits

Job summary

Placements24 is seeking an Insurance Risk Analyst to strengthen our risk management framework in South Africa. Based in Mahikeng, North West, you will identify, assess and monitor risks across insurance operations, developing mitigation strategies and reporting to management.

The ideal candidate holds a quantitative bachelor's degree, has risk analysis experience within insurance, and is proficient in Excel, SQL and Python with strong communication skills.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Proven experience in risk analysis , preferably within the insurance or financial services sector.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools (e.g., Excel, SQL, Python) and risk modeling software.
• Excellent report writing and presentation skills.
• Ability to work independently and manage multiple priorities in a remote setting.

Responsibilities

• Identify and assess potential risks associated with insurance products, operations, and market conditions.
• Develop and implement risk management strategies and mitigation plans.
• Monitor key risk indicators and prepare regular reports on the risk profile for management.
• Analyze claims data and trends to identify emerging risks and patterns.
• Collaborate with underwriting, actuarial, and claims departments to integrate risk management practices.
• Stay informed about industry best practices and regulatory changes related to risk management in insurance.
• Contribute to the development and refinement of risk models and assessment tools.

Skills

Analytical skills

Problem-solving

Excel

SQL

Python

Report writing

Presentation skills

Education

Bachelor's degree in Finance

Bachelor's degree in Economics

Bachelor's degree in Mathematics

Tools

Excel

SQL

Python

Job description

About the Role

Our client is seeking a sharp and analytical Insurance Risk Analyst to contribute to their risk management framework from Mahikeng . This role involves identifying, assessing, and monitoring various risks across the company's insurance operations. You will play a crucial part in developing strategies to mitigate potential losses and ensure the company's financial stability and compliance. This is an exciting opportunity to apply your analytical skills in a challenging field within the North West insurance market, working in a flexible and modern environment.

Key Responsibilities

• Identify and assess potential risks associated with insurance products, operations, and market conditions.
• Develop and implement risk management strategies and mitigation plans.
• Monitor key risk indicators and prepare regular reports on the risk profile for management.
• Analyze claims data and trends to identify emerging risks and patterns.
• Collaborate with underwriting, actuarial, and claims departments to integrate risk management practices.
• Stay informed about industry best practices and regulatory changes related to risk management in insurance .
• Contribute to the development and refinement of risk models and assessment tools.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Proven experience in risk analysis , preferably within the insurance or financial services sector.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools (e.g., Excel, SQL, Python) and risk modeling software.
• Excellent report writing and presentation skills.
• Ability to work independently and manage multiple priorities in a remote setting.

Benefits

• Competitive salary with performance-based incentives.
• Remote work flexibility, allowing for a better work-life balance.
• Comprehensive health and retirement benefits.
• Opportunities for professional development, including certifications in risk management.
• A dynamic and forward-thinking work environment within the North West insurance sector.