Remote Insurance Risk Analyst

Placements24; Pretoria; Hybrid; ZAR 900,000 - 1,350,000; Full time

Benefits offered by this job

Competitive salary with incentives

Fully remote work

Job summary

Placements24 is seeking a highly analytical Insurance Risk Analyst to join a fully remote team, supporting operations from Pretoria. You will identify, assess, and mitigate risks across the insurance portfolio using data analytics and industry expertise to inform strategic decisions and strengthen the risk framework.

The ideal candidate has 6+ years of experience, strong quantitative skills, and a solid understanding of insurance products and regulatory requirements.

Qualifications

• Minimum 6 years of risk analysis experience in the insurance industry.
• Strong quantitative and analytical skills with proficiency in statistical software and modeling techniques.
• Excellent understanding of insurance principles, products, and regulatory requirements.
• Ability to translate data into actionable insights and recommendations.
• Exceptional written and verbal communication skills for reporting.

Responsibilities

• Conduct in-depth risk assessments of insurance products, operations, and financial exposures.
• Develop and implement risk models and mitigation strategies to minimize potential losses.
• Analyze large datasets to identify emerging risk trends and patterns.
• Prepare comprehensive risk reports and present findings to senior management.
• Collaborate with underwriting, claims, and compliance teams to embed risk management best practices.
• Monitor and advise on changes in the regulatory landscape affecting risk management.

Skills

Quantitative analysis

Statistical modeling

Data visualization

Communication skills

Insurance fundamentals

Education

Bachelor's or Master's in Finance, Economics, Statistics

Tools

R/Python/SAS

Job description

About the Role

Our client is seeking a highly analytical and proactive Insurance Risk Analyst to join their fully remote team, supporting operations from Pretoria. This role is essential for identifying, assessing, and mitigating potential risks across the company's insurance portfolio. You will leverage data analytics and industry expertise to develop strategies that protect the company's financial stability and enhance its risk management framework. Working independently and collaborating virtually, you'll have a significant impact on strategic decision-making, contributing to a culture of proactive risk mitigation and continuous improvement.

Key Responsibilities

• Conduct in-depth risk assessments of insurance products, operations, and financial exposures.
• Develop and implement risk models and mitigation strategies to minimize potential losses.
• Analyze large datasets to identify emerging risk trends and patterns.
• Prepare comprehensive risk reports and present findings to senior management.
• Collaborate with underwriting, claims, and compliance teams to embed risk management best practices.
• Monitor and advise on changes in the regulatory landscape affecting risk management.

Requirements

• Minimum of 6 years of experience in risk analysis within the insurance industry.
• Strong quantitative and analytical skills, with proficiency in statistical software and modeling techniques.
• Excellent understanding of insurance principles, products, and regulatory requirements.
• Proven ability to translate complex data into actionable insights and recommendations.
• Exceptional written and verbal communication skills for clear reporting and presentation.
• Bachelor's or Master's degree in Finance, Economics, Statistics, or a related field.

Benefits

• Competitive annual salary with performance-based incentives.
• Fully remote work arrangement for optimal flexibility and work-life balance.
• Comprehensive medical, disability, and life insurance coverage.
• Generous professional development budget and support for certifications.
• Opportunity to influence risk strategy in a leading insurance firm.