Remote Insurance Risk Analyst

Placements24; Durban; Hybrid; ZAR 420,000 - 780,000; Full time

Benefits offered by this job

Competitive salary and performance‑bon

Remote work stipend

Health, dental, and vision insurance

Generous paid time off

Professional development and certs

Job summary

Placements24 is seeking a highly analytical Remote Insurance Risk Analyst to join our client’s team. This Durban-based, fully remote position focuses on identifying and mitigating risks across insurance products, developing risk management strategies to protect assets and profitability.

The role requires strong quantitative skills and autonomous work style, with collaboration across national and international teams.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or related quantitative field.
• Proven experience as a Risk Analyst, preferably within the insurance or financial services industry.
• Advanced analytical and modeling skills, with proficiency in statistical software (e.g., R, Python) and data visualization tools.
• Excellent written and verbal communication skills, with the ability to present complex information clearly.
• Demonstrated ability to work effectively in a fully remote setting, managing time and deliverables independently.

Responsibilities

• Analyze complex datasets to identify emerging risks and trends within the insurance market.
• Develop and maintain risk models, performing stress testing and scenario analysis to assess potential impacts.
• Formulate recommendations for risk mitigation strategies and control improvements.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Stay abreast of global risk management best practices and regulatory changes affecting the insurance industry.

Skills

Advanced analytics

Modeling skills

Remote collaboration

Clear communication

Education

Bachelor's degree in Finance

Bachelor's degree in Economics

Bachelor's degree in Statistics

Tools

R

Python

Tableau/Power BI

Job description

About the Role

Our client is seeking a highly analytical and self-motivated Remote Insurance Risk Analyst to join their growing team. This position, based out of Durban but operating fully remotely, will focus on identifying, assessing, and mitigating potential risks across various insurance products and operations. You will play a key role in developing and implementing risk management strategies to safeguard the company's assets and profitability. The role demands a strong quantitative skillset and the ability to work autonomously while collaborating effectively with national and international teams in the insurance sector.

Key Responsibilities

• Analyze complex datasets to identify emerging risks and trends within the insurance market.
• Develop and maintain risk models, performing stress testing and scenario analysis to assess potential impacts.
• Formulate recommendations for risk mitigation strategies and control improvements.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Stay abreast of global risk management best practices and regulatory changes affecting the insurance industry.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Proven experience as a Risk Analyst , preferably within the insurance or financial services industry.
• Advanced analytical and modeling skills, with proficiency in statistical software (e.g., R, Python) and data visualization tools.
• Excellent written and verbal communication skills, with the ability to present complex information clearly.
• Demonstrated ability to work effectively in a fully remote setting, managing time and deliverables independently.

Benefits

• Competitive salary and performance bonus structure.
• Comprehensive remote work benefits, including home office stipend.
• Health, dental, and vision insurance coverage.
• Generous paid time off and flexible working hours.
• Opportunities for professional development and certifications in risk management.