Insurance Risk Analyst

Placements24; Noord-Kaap; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Health insurance

Retirement fund

Annual performance bonus

Job summary

Placements24 is seeking a sharp Insurance Risk Analyst for their Kimberley office in the Northern Cape. You will identify, assess, and mitigate risks across insurance operations, analyzing trends to support risk-aware decisions and protect assets.

You will collaborate with underwriting, claims, and actuarial teams, develop risk management frameworks, monitor regulatory changes, and prepare reports for senior management.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or related field.
• Minimum 3 years in risk analysis, preferably within the insurance or financial services industry.
• Strong understanding of risk management principles, methodologies, and tools.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis software.

Responsibilities

• Identify, assess, and monitor key risks across insurance operations.
• Develop and implement risk management frameworks, policies, and procedures.
• Analyze insurance data to quantify financial and operational risks.
• Prepare risk reports and present findings to senior management.
• Collaborate with underwriting, claims, and actuarial teams to integrate risk management strategies.
• Monitor regulatory changes and ensure risk compliance.

Skills

Risk analysis

Analytical thinking

Data analysis tools

Communication skills

Education

Bachelor's degree

Job description

Our client is looking for a sharp and analytical Insurance Risk Analyst to join their team in Kimberley . This role is essential for identifying, assessing, and mitigating potential risks that could impact the company's financial stability and operational success. You will analyze trends, develop risk management strategies, and work closely with various departments to implement effective control measures. Your insights will be critical in safeguarding the company's assets and ensuring sustainable growth within the competitive Northern Cape insurance landscape.

Key Responsibilities

• Identify, assess, and monitor key risks across the company’s insurance operations.
• Develop and implement risk management frameworks, policies, and procedures.
• Analyze insurance data to identify patterns and quantify potential financial and operational risks.
• Prepare risk reports and present findings and recommendations to senior management.
• Collaborate with underwriting, claims, and actuarial teams to integrate risk management strategies.
• Monitor regulatory changes and ensure the company's risk profile remains compliant.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field.
• Minimum of 3 years of experience in risk analysis , preferably within the insurance or financial services industry.
• Strong understanding of risk management principles, methodologies, and tools.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and software.
• Strong communication and interpersonal skills, enabling effective collaboration within the Kimberley office.

Benefits

• Competitive salary and annual performance bonus.
• Comprehensive health insurance and retirement fund.
• Opportunities for professional certifications in risk management (e.g., CRM, PRM).
• Exposure to diverse areas of the insurance business and strategic decision-making.
• A collaborative work environment committed to risk excellence.