Insurance Risk Analyst - Financial Lines

Placements24; Paarl; Híbrido; ZAR 480.000 - 720.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Competitive salary and bonuses

Medical aid and life insurance

Retirement savings plan

Hybrid work model

Professional growth opportunities

Descripción de la vacante

Placements24 in Paarl, Western Cape, seeks a meticulous Risk Analyst to quantify financial lines risks, influencing underwriting and pricing decisions. The role calls for strong analytical and communication skills to translate complex data into actionable insights.

You will develop risk models, analyze market trends, collaborate with underwriters, and support risk management policies in a hybrid work setup within the Cape Winelands region.

Formación

• Minimum 3 years of risk analysis, actuarial, or underwriting experience in financial lines.
• Solid understanding of financial lines products (D&O, PI, Cyber, Crime).
• Proficiency in quantitative analysis, statistics, and data tools.
• Great problem-solving and communication skills.
• Bachelor’s degree in a quantitative field; FRM/PRM advantageous.

Responsabilidades

• Conduct in-depth risk assessments for new and existing financial lines policies.
• Develop and maintain risk models to quantify losses and volatility.
• Analyze market data, trends, and emerging risks relevant to financial lines.
• Collaborate with underwriters to provide risk insights for decisions.
• Assist in risk management policy development and implementation.
• Prepare reports and presentations on exposures and mitigations.
• Monitor performance of the financial lines portfolio from a risk view.
• Participate in capital allocation and solvency assessment processes.
• Stay updated with regulatory developments and best practices.

Conocimientos

Quantitative analysis

Statistical modeling

Data manipulation

Communication skills

Risk analysis

Underwriting collaboration

Presenting findings

Educación

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

FRM or PRM (advantageous)

Herramientas

Excel

R

Python

SQL

Descripción del empleo

About the Role

Our client, a specialist provider of financial lines insurance, is seeking a meticulous and analytical Risk Analyst to join their growing team. This role is based in the historic town of Paarl, Western Cape . You will be instrumental in assessing and quantifying the risks associated with various financial lines products, including Professional Indemnity, Directors & Officers Liability, and Cyber Liability. Your analysis will directly influence underwriting decisions, pricing strategies, and the overall risk management framework of the company. The ideal candidate will possess strong quantitative skills, a deep understanding of financial and emerging risks, and the ability to communicate complex findings effectively. This is an excellent opportunity to contribute to risk mitigation and strategic decision-making within a specialized insurance niche in Paarl, Western Cape .

Key Responsibilities

• Conduct in-depth risk assessments for new and existing financial lines insurance policies.
• Develop and maintain risk models to quantify potential losses and volatility.
• Analyze market data, industry trends, and emerging risks relevant to financial lines.
• Collaborate closely with underwriters to provide risk insights and support underwriting decisions.
• Assist in the development and implementation of risk management policies and procedures.
• Prepare detailed reports and presentations on risk exposures and mitigation strategies for management.
• Monitor the performance of the financial lines portfolio from a risk perspective.
• Contribute to the capital allocation and solvency assessment processes.
• Stay current with regulatory developments and best practices in risk management for financial institutions.

Requirements

• Minimum of 3 years of experience in risk analysis, actuarial, or underwriting within the financial lines insurance sector.
• Strong understanding of financial lines products (e.g., D&O, PI, Cyber, Crime).
• Proficiency in quantitative analysis, statistical modeling, and data manipulation tools (e.g., Excel, R, Python, SQL).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to interpret complex financial data and risk information.
• Strong written and verbal communication skills, with the ability to present findings to diverse audiences.
• Detail-oriented with a commitment to accuracy and quality.
• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Professional certifications such as FRM or PRM are advantageous.

Benefits

• Our client offers a competitive salary, complemented by performance-based bonuses and potential profit-sharing.
• Employees receive comprehensive medical aid, life insurance, and a retirement savings plan.
• The hybrid work model provides flexibility, promoting a good work-life balance.
• Opportunities for professional growth and development in risk management and financial lines insurance are encouraged.
• Join a dynamic team in the beautiful Cape Winelands town of Paarl, Western Cape , and contribute to a culture of responsible and strategic risk-taking.