Insurance Risk Analyst

Placements24; Sandton; Hybrid; ZAR 700,000 - 950,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Hybrid work

Professional certifications

Job summary

Placements24 is seeking an Insurance Risk Analyst in Sandton to identify, assess, and manage risks across the company’s insurance operations. You will leverage data analysis, modeling, and industry best practices to inform mitigation strategies and support strategic decision-making.

The role requires at least 5 years of risk analysis experience in finance or insurance, strong analytical abilities, and proficiency with Excel, SQL, and Python.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or related field.
• 5+ years of risk analysis experience, preferably in insurance or financial services.
• Strong analytical, quantitative, and problem-solving abilities.
• Proficiency with risk management software and data analysis tools (e.g., Excel, SQL, Python).
• Excellent report writing and presentation skills.

Responsibilities

• Identify, assess, and quantify risks across all business units.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct regular risk assessments and stress testing on portfolios and processes.
• Analyze financial data and market trends to forecast risk exposures.
• Prepare detailed risk reports and present findings to senior management.
• Monitor regulatory risk requirements and internal controls.

Skills

Analytical skills

Quantitative skills

Problem solving

Excel

SQL

Python

Report writing

Presentation skills

Education

Bachelor’s degree in Finance/ Economics/ Mathematics/ Statistics

Tools

Excel

SQL

Python

Job description

About the Role

Our client is seeking a highly analytical and proactive Insurance Risk Analyst to join their dynamic team in Sandton . This role is critical in identifying, assessing, and managing the diverse risks faced by the company across its insurance operations. You will utilize data analysis, modeling, and industry best practices to inform risk mitigation strategies and support sound business decision-making. This is an excellent opportunity for a risk professional to make a substantial impact on the company's strategic direction and resilience, working within a sophisticated financial environment focused on robust risk management frameworks.

Key Responsibilities

• Identify, assess, and quantify potential risks across all business units, including market, credit, operational, and underwriting risks.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct regular risk assessments and stress testing on portfolios and business processes.
• Analyze financial data and market trends to forecast potential risk exposures.
• Prepare detailed risk reports and present findings and recommendations to senior management.
• Monitor compliance with regulatory risk requirements and internal controls.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field.
• Minimum of 5 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and data analysis tools (e.g., Excel, SQL, Python).
• Excellent report writing and presentation skills.

Benefits

• Competitive salary and a comprehensive benefits package including health and retirement plans.
• Hybrid work model offering a blend of office and remote work flexibility.
• Opportunities for professional certifications and continued learning.
• A strategic role with significant influence on company policy and direction.
• A collaborative and intellectually stimulating work environment.