Insurance Risk Analyst: Data-Driven Risk Modeling

Placements24; Upington; On-site; ZAR 360,000 - 540,000; Full time

Benefits offered by this job

Medical aid

Retirement fund contributions

Training opportunities

Career development

Job summary

Placements24 is seeking a skilled Risk Analyst for our client, a prominent insurer, in Upington, Northern Cape. You will identify, assess and manage risks, build models, and translate data into strategic recommendations. The role requires 3+ years in risk analysis, strong quantitative skills, and proficiency with Excel, R or Python.

Collaboration with underwriting, claims and finance will be essential. The successful candidate will contribute to enterprise risk management, stay current with

Qualifications

• Minimum of 3 years of risk analysis experience, preferably in insurance or financial services.
• Strong understanding of risk management principles and methodologies.
• Excellent analytical and quantitative abilities.
• Proficiency in data analysis tools (Excel, R, Python).
• Strong report writing and presentation skills.
• Ability to translate complex data into actionable business recommendations.

Responsibilities

• Identify, assess, and quantify potential risks across different business units and product lines.
• Develop and maintain risk models and metrics to monitor risk exposure.
• Analyze historical data to identify trends, patterns, and emerging risks.
• Collaborate with various departments (e.g., underwriting, claims, finance) to gather information and implement risk mitigation strategies.
• Prepare comprehensive risk reports and present findings to senior management.
• Monitor the effectiveness of implemented risk management controls.
• Stay updated on industry best practices, regulatory changes, and emerging risk management techniques.
• Contribute to the development and refinement of the company's enterprise risk management framework.
• Ensure compliance with relevant risk management regulations.

Skills

Analytical

Quantitative

Problem solving

Data analysis

Presentation skills

Education

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

Tools

Excel

R

Python

Job description

Placements24 is seeking a skilled Risk Analyst for our client, a prominent insurer, in Upington, Northern Cape. You will identify, assess and manage risks, build models, and translate data into strategic recommendations. The role requires 3+ years in risk analysis, strong quantitative skills, and proficiency with Excel, R or Python.

Collaboration with underwriting, claims and finance will be essential. The successful candidate will contribute to enterprise risk management, stay current with