Remote Risk Analyst - Insurance

Placements24; LegKraal Gate; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary and bonuses

Health, dental, and vision insurance

Home office setup allowance

Professional development opportunities

Remote-friendly work environment

Job summary

Placements24 is seeking a highly analytical Remote Risk Analyst to join its insurance team. You will assess and quantify risks across the portfolio, develop models, and provide data-driven recommendations from a fully remote setup.

The role emphasizes KRIs, collaboration with underwriting and claims, and staying current with industry trends. A strong background in finance or statistics and proficiency in Python, R, or SQL are essential.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related field.
• At least 4 years of risk analysis experience, preferably in insurance/financial services.
• Strong quantitative and analytical skills with experience in statistical modeling.
• Experience with Python, R, or SQL for data analysis.
• Ability to work independently in a remote environment.

Responsibilities

• Analyze and assess insurance portfolio risks across market, credit, operational, and underwriting risks.
• Develop risk models and methodologies to quantify potential financial exposures.
• Monitor KRIs and prepare risk reports for senior management.
• Collaborate with underwriting and claims to identify risk drivers and mitigation strategies.
• Stay updated on industry trends, regulations, and emerging insurance risks.
• Contribute to refining the company-wide risk management framework.

Skills

Risk analysis

Python

SQL

R

Statistical modeling

Education

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

Tools

Python

R

SQL

Job description

About the Role

Our client is looking for a highly analytical and proactive Remote Risk Analyst to join their innovative insurance team. This role involves assessing and quantifying various risks across the company's insurance portfolio, developing strategies to mitigate potential financial impacts, and contributing to informed decision-making. You will leverage data analytics and market insights to provide critical risk assessments and recommendations, all within a fully remote work setup. This is an excellent opportunity for a skilled analyst to make a significant impact on the company's strategic direction and profitability from anywhere, supporting a culture of data-driven excellence.

Key Responsibilities

• Analyze and assess insurance portfolio risks, including market, credit, operational, and underwriting risks.
• Develop and implement risk models and methodologies to quantify potential financial exposures.
• Monitor key risk indicators (KRIs) and prepare regular risk reports for senior management.
• Collaborate with underwriting and claims departments to understand risk drivers and implement mitigation strategies.
• Research and stay updated on industry trends, regulatory changes, and emerging risks affecting the insurance sector.
• Contribute to the development and refinement of the company's overall risk management framework.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 4 years of experience in risk analysis or a related role, preferably within insurance or financial services.
• Strong quantitative and analytical skills, with proficiency in statistical modeling and data analysis tools (e.g., Python, R, SQL).
• Excellent understanding of insurance products and risk management principles.
• Demonstrated ability to work effectively and independently in a remote environment.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous allowance for home office setup and technology.
• Opportunities for professional development, including advanced certifications and training.
• A flexible and dynamic fully remote work environment enabling a strong work-life balance.