Marine Insurance Risk Analyst - Hybrid, Data-Driven Modeling

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Bonuses

Hybrid work

Professional development

Job summary

Placements24 is seeking a meticulous Risk Analyst for a leading marine insurance underwriter in Richards Bay, KwaZulu-Natal. The role focuses on identifying, assessing, and quantifying marine risk across cargo, hull, and liability portfolios.

You will develop risk models, monitor market shifts, and collaborate with underwriters to define appetite and limits. The position offers a hybrid work model in a dynamic insurance environment with opportunities for professional growth.

Qualifications

• Bachelor's or master's degree in stats, math, econ, finance or related quantitative field.
• Minimum 3 years of risk analysis experience in insurance or maritime sector.
• Strong knowledge of risk management principles and modelling methods.
• Proficiency in R, Python, SAS and Excel.
• Excellent analytical, problem-solving and communication skills.

Responsibilities

• Analyze marine insurance risks including cargo, hull, and liability exposures.
• Build and maintain risk models to quantify potential losses.
• Assess financial impact of risk scenarios and market changes.
• Provide risk mitigations and guidance to underwriters and management.
• Monitor industry trends and regulatory changes affecting marine insurance.
• Collaborate with underwriters to align risk appetite and limits.
• Prepare reports for senior management and stakeholders.
• Assist in developing underwriting tools and methodologies.
• Maintain knowledge of global shipping regulations and trade.

Skills

Statistical modeling

Analytical ability

Communication skills

Project management

Education

Bachelor's or Master's degree in Statistics/Mathematics/Economics/Finance or related quantitative field

Tools

R

Python

SAS

Excel

Job description

Placements24 is seeking a meticulous Risk Analyst for a leading marine insurance underwriter in Richards Bay, KwaZulu-Natal. The role focuses on identifying, assessing, and quantifying marine risk across cargo, hull, and liability portfolios.

You will develop risk models, monitor market shifts, and collaborate with underwriters to define appetite and limits. The position offers a hybrid work model in a dynamic insurance environment with opportunities for professional growth.