Insurance Risk Analyst

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 420,000 - 650,000; Full time

Benefits offered by this job

Competitive salary

Hybrid work

Medical aid

Retirement fund

Professional development

Team collaboration

Job summary

Placements24 is seeking an Insurance Risk Analyst in Nelspruit to identify, assess, and mitigate financial, operational, and strategic risks. You will perform quantitative analyses and present findings to management to help protect the company’s profitability.

The role requires a quantitative background, 2-4 years of risk analysis experience, and proficiency with Excel, SQL, and statistical software. A hybrid work setup and comprehensive benefits are offered.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or related quantitative field.
• 2-4 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Proficiency in data analysis tools and techniques (e.g., Excel, SQL, statistical software).
• Strong understanding of risk management principles and frameworks.
• Excellent analytical, problem-solving, and critical thinking skills.
• Effective report writing and presentation skills.

Responsibilities

• Identify and assess potential risks across different business units and product lines.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct quantitative and qualitative analysis of risk exposures and potential impacts.
• Monitor risk exposures and ensure adherence to risk appetite limits.
• Prepare risk reports and present findings and recommendations to management.
• Collaborate with internal stakeholders to promote a strong risk management culture.

Skills

Data analysis

Quantitative reasoning

Risk assessment

Analytical thinking

Reporting

Education

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

Tools

Excel

SQL

Statistical software

Job description

About the Role

Our client, a key player in the insurance industry, is seeking a diligent and analytical Insurance Risk Analyst to join their team in Nelspruit . This role involves identifying, assessing, and mitigating various risks faced by the company, including financial, operational, and strategic risks. You will conduct in-depth analysis, develop risk management strategies, and provide insights to senior management to support informed decision-making. The ideal candidate will have a strong quantitative background and a keen eye for detail, contributing to the overall stability and profitability of the organization.

Key Responsibilities

• Identify and assess potential risks across different business units and product lines.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct quantitative and qualitative analysis of risk exposures and potential impacts.
• Monitor risk exposures and ensure adherence to risk appetite limits.
• Prepare risk reports and present findings and recommendations to management.
• Collaborate with internal stakeholders to promote a strong risk management culture.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• 2-4 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Proficiency in data analysis tools and techniques (e.g., Excel, SQL, statistical software).
• Strong understanding of risk management principles and frameworks.
• Excellent analytical, problem-solving, and critical thinking skills.
• Effective report writing and presentation skills.

Benefits

• Competitive annual salary and potential for year-end bonuses.
• Hybrid work arrangement offering flexibility between office and remote settings.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and certifications in risk management.
• A collaborative team environment focused on analytical rigor and strategic impact.