Insurance Risk Analyst - Portfolio Management

Placements24; Polokwane; Hybrid; ZAR 520,000 - 700,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Annual leave

Professional development

Modern offices

Bonus opportunities

Job summary

Placements24 is hiring an Insurance Risk Analyst in Polokwane, Limpopo, to manage risk across a diverse insurance portfolio. The role requires strong analytical and quantitative capabilities, collaboration with underwriting and actuarial teams, and ensuring regulatory compliance.

The successful candidate will develop risk frameworks, monitor risk indicators, and contribute to capital modeling and solvency assessments.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 3 years of experience in risk analysis, preferably in insurance.
• Strong analytical and quantitative skills with proficiency in data analysis tools.
• Knowledge of South African insurance regulations and reporting requirements.

Responsibilities

• Analyze insurance policy data to identify, assess, and quantify risks.
• Develop and implement risk management frameworks and strategies.
• Monitor the risk profile of the insurance portfolio and report on key risk indicators.
• Conduct research on emerging risks and their potential impact on the business.
• Collaborate with underwriting, actuarial, and finance teams to provide insights.
• Assist in the development and execution of risk mitigation plans.
• Ensure compliance with relevant insurance regulations and reporting requirements.
• Prepare comprehensive risk reports and presentations for senior management.
• Work with actuarial teams on capital modeling and solvency assessments.
• Contribute to the continuous improvement of risk management processes and tools.

Skills

Analytical skills

Quantitative skills

MS Excel

Education

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

Tools

R

Python

Job description

About the Role

Our client, a prominent player in the insurance industry, is seeking a detail-oriented and analytical Insurance Risk Analyst to join their esteemed team in **Polokwane**, **Limpopo**. This role is central to managing and mitigating risks across the company's diverse insurance portfolio. The successful candidate will be responsible for analyzing risk exposures, developing risk management strategies, and ensuring compliance with regulatory frameworks. A strong quantitative background, combined with excellent analytical and problem-solving skills, is essential for this position. You will work closely with underwriting, actuarial, and finance teams to provide insights that support sound business decisions. We are looking for an individual who is proactive, possesses a deep understanding of risk principles, and is committed to safeguarding the company's assets and profitability. This is an excellent opportunity to grow your career in risk management within a supportive and forward-thinking organization in **Polokwane**. Your contributions will be vital in maintaining the financial stability and operational integrity of the insurance operations in the **Limpopo** province.

Key Responsibilities

• Analyze insurance policy data to identify, assess, and quantify risks.
• Develop and implement risk management frameworks and strategies.
• Monitor the risk profile of the insurance portfolio and report on key risk indicators.
• Conduct research on emerging risks and their potential impact on the business.
• Collaborate with underwriting teams to ensure risks are priced appropriately.
• Assist in the development and execution of risk mitigation plans.
• Ensure compliance with relevant insurance regulations and reporting requirements.
• Prepare comprehensive risk reports and presentations for senior management.
• Work with actuarial teams on capital modeling and solvency assessments.
• Contribute to the continuous improvement of risk management processes and tools.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 3 years of experience in risk analysis, preferably within the insurance sector.
• Strong analytical and quantitative skills with proficiency in data analysis tools.
• Understanding of insurance principles, products, and risk management concepts.
• Knowledge of relevant South African insurance regulations.
• Excellent report writing and presentation skills.
• Ability to work independently and collaboratively in a team environment.
• Proficiency in MS Excel and experience with statistical software (e.g., R, Python) is a plus.
• Strong problem‑solving abilities and attention to detail.
• Must reside in or be able to commute to **Polokwane**, **South Africa**.

Benefits

• Competitive annual salary package.
• Performance-related bonus opportunities.
• Comprehensive medical aid benefits.
• Retirement fund contributions.
• Generous annual leave entitlement.
• Opportunities for professional development and certifications.
• A dynamic and collaborative work environment in **Polokwane**.
• Exposure to strategic risk management initiatives.
• Modern office facilities in **Limpopo**.