Insurance Risk Analyst

Placements24; Rustenburg; Hybrid; ZAR 480,000 - 720,000; Full time

Job summary

Placements24 is seeking an Insurance Risk Analyst to join our remote team, focusing on our Rustenburg operations in the North West of South Africa. You will identify, assess and mitigate risks across insurance products and operations using advanced analytics and data modeling.

You will develop risk frameworks, run quantitative and qualitative analyses, and prepare reports for senior leadership, influencing strategic decisions and regulatory compliance.

Qualifications

• Bachelor's degree in Finance, Statistics, Mathematics, Economics, or related quantitative field.
• 3+ years of risk analysis experience, preferably within the insurance industry.
• Strong understanding of risk management principles and techniques.
• Proficiency in data analysis tools (SQL, Python, R, Excel).
• Excellent analytical and communication skills.

Responsibilities

• Develop and implement risk management frameworks and methodologies.
• Conduct quantitative and qualitative analysis of insurance risks, including market, credit, operational, and underwriting risks.
• Build and maintain risk models to assess potential financial impacts and predict future risk exposures.
• Prepare comprehensive risk reports and present findings and recommendations to senior leadership.
• Collaborate with various departments to embed risk management best practices throughout the organization.
• Stay abreast of emerging risks and regulatory changes impacting the insurance industry.

Skills

SQL

Python

R

Excel

Risk analysis

Data analysis

Communication

Education

Bachelor's degree in Finance/Statistics/Math/Economics

Tools

SQL

Python

R

Excel

Job description

About the Role

Our client is seeking a skilled Insurance Risk Analyst to join their innovative team, operating remotely with a focus on their operations in Rustenburg. This role is crucial for identifying, assessing, and mitigating potential risks across the company's insurance products and operations. You will utilize advanced analytical techniques and data modeling to provide strategic insights and recommendations to senior management. This is an excellent opportunity for an analytical professional to make a significant impact on risk management strategies within the insurance sector, contributing to the company's stability and growth in the North West province and beyond.

Key Responsibilities

• Develop and implement risk management frameworks and methodologies.


• Conduct quantitative and qualitative analysis of insurance risks, including market, credit, operational, and underwriting risks.


• Build and maintain risk models to assess potential financial impacts and predict future risk exposures.


• Prepare comprehensive risk reports and present findings and recommendations to senior leadership.


• Collaborate with various departments to embed risk management best practices throughout the organization.


• Stay abreast of emerging risks and regulatory changes impacting the insurance industry.

Requirements

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


• Proven experience (3+ years) in risk analysis, preferably within the insurance industry.


• Strong understanding of risk management principles and techniques.


• Proficiency in data analysis tools and software (e.g., SQL, Python, R, Excel).


• Excellent analytical, problem-solving, and critical thinking skills.


• Ability to communicate complex information clearly and effectively to diverse audiences.

Benefits

• Competitive salary and performance-based incentives.


• Fully remote work arrangement, offering significant flexibility.


• Comprehensive health, dental, and vision insurance plans.


• Generous opportunities for professional development and certifications.


• A culture that values data-driven decision-making and proactive risk management.