Remote Risk Analyst - Insurance

Placements24; Vereeniging; Hybrid; ZAR 900,000 - 1,100,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Learning budget

Remote-friendly culture

Job summary

Placements24 is seeking a highly analytical Remote Risk Analyst to bolster our capabilities from anywhere within South Africa. You will identify, assess, and mitigate risks across operations and product lines, supporting strategic decisions in a remote-first environment.

The role requires a master's degree in a quantitative field and 5+ years in risk analysis or related areas, with proficiency in R, Python, or SAS. Collaboration with finance and underwriting is essential.

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics, or related field.
• 5+ years of experience in risk analysis, financial modeling, or actuarial science in insurance/financial services.
• Proficiency in statistical software (R, Python, SAS) and data visualization.
• Strong understanding of financial markets, regulations, and risk management principles.

Responsibilities

• Analyze large datasets to identify risks, trends, and potential financial exposure.
• Develop risk management frameworks, models, and mitigation strategies.
• Monitor KRIs and prepare reports for senior management and committees.
• Conduct scenario analysis and stress testing for resilience.
• Collaborate with underwriting, claims, and finance to embed risk principles.
• Stay updated on regulatory changes and best practices in risk management.

Skills

Risk analysis

Financial modeling

Attention to detail

Education

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

Tools

R

Python

SAS

Job description

About the Role

Our client, a leading innovator in the insurance market , is seeking a highly analytical Remote Risk Analyst to bolster their capabilities from anywhere within South Africa . This position plays a critical role in identifying, assessing, and mitigating potential risks across the company's operations and product lines. You will be instrumental in developing strategies to protect the company's financial health and ensure compliance in an ever‑evolving landscape. This is an exceptional opportunity for a data‑driven professional to contribute to strategic decision‑making within a dynamic, remote‑first work environment that fosters intellectual curiosity and professional growth.

Key Responsibilities

• Analyze large datasets to identify emerging risks, trends, and potential areas of financial exposure for the company.
• Develop and implement risk management frameworks, models, and strategies to mitigate identified risks.
• Monitor key risk indicators (KRIs) and prepare regular reports for senior management and relevant committees.
• Conduct scenario analysis and stress testing to evaluate the company's resilience to various market and operational shocks.
• Collaborate with cross-functional teams, including underwriting, claims, and finance, to embed risk management principles.
• Stay abreast of regulatory changes and industry best practices in risk management.

Requirements

• A Master's degree or equivalent qualification in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A minimum of 5 years of experience in risk analysis , financial modeling, or actuarial science, preferably within the insurance or financial services industry .
• Advanced proficiency in statistical software (e.g., R, Python, SAS) and data visualization tools.
• Strong understanding of financial markets, regulatory requirements, and risk management principles.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to work autonomously and manage multiple projects effectively in a remote environment .

Benefits

• Highly competitive annual salary for a remote position .
• Comprehensive health, dental, and vision insurance coverage.
• Generous retirement plan with employer contributions.
• Support for continuous learning and professional certifications.
• A flexible and empowering remote work culture , enabling a strong work-life balance.