Remote Risk Analyst - Specialty Insurance

Placements24; Gqeberha; Hybrid; ZAR 700,000 - 950,000; Full time

Benefits offered by this job

Remote work

Performance-based bonuses

Professional development and certs

Medical aid and retirement fund

Job summary

Placements24 is seeking a sharp and analytical Risk Analyst for a remote-first role in the insurance sector. You will identify and mitigate risks across specialty lines, develop risk management frameworks, and provide insights to senior management from a home office.

The role requires experience in risk analysis, strong quantitative abilities, and proficiency with Excel, SQL, Python, and R. Remote work offers flexibility and growth opportunities within a growing insurer.

Qualifications

• A relevant tertiary qualification in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 4 years of experience in risk analysis, preferably within the specialty insurance sector.
• Strong understanding of risk management frameworks and methodologies.
• Proficiency in data analysis tools (Excel, SQL, Python, R) and risk modeling software.
• Excellent communication and report-writing skills for a remote role.

Responsibilities

• Identify and analyze potential risks within specialty insurance portfolios.
• Develop and implement risk management strategies and policies.
• Conduct quantitative and qualitative risk assessments.
• Monitor emerging risks and market trends relevant to specialty insurance.
• Prepare detailed risk reports and present findings to management.
• Collaborate with underwriting and claims teams to address identified risks.
• Develop and maintain risk modeling tools and databases.
• Ensure compliance with regulatory requirements related to risk management.

Skills

Analytical skills

Quantitative skills

Problem-solving

Communication skills

Report-writing

Independent work

Education

Finance, Economics, Statistics, Mathematics or related field

Tools

Excel

SQL

Python

R

Job description

About the Role

Our client is a forward-thinking insurer looking for a sharp and analytical Risk Analyst to join their expanding remote team. This role is crucial for identifying, assessing, and mitigating potential risks across various specialty insurance lines. As a Remote Risk Analyst, you will play a key part in developing and implementing risk management frameworks, conducting in-depth risk assessments, and providing insights to senior management. This position is a remote-first opportunity, allowing you to contribute significantly to the company's success from the comfort of your home office. We are committed to fostering a distributed workforce and offer excellent support for our remote employees. If you are a self-starter with strong analytical capabilities and a deep understanding of risk management principles in the insurance sector, this is the ideal role for you. You will be instrumental in ensuring the company's financial stability and operational resilience. This is an excellent chance to advance your career in a dynamic and challenging field, working with a company that values innovation and employee well-being. Your expertise will be vital in safeguarding the company's assets and reputation.

Key Responsibilities

• Identify and analyze potential risks within specialty insurance portfolios.
• Develop and implement risk management strategies and policies.
• Conduct quantitative and qualitative risk assessments.
• Monitor emerging risks and market trends relevant to specialty insurance.
• Prepare detailed risk reports and present findings to management.
• Collaborate with underwriting and claims teams to address identified risks.
• Develop and maintain risk modeling tools and databases.
• Ensure compliance with regulatory requirements related to risk management.

Requirements

• A relevant tertiary qualification in Finance, Economics, Statistics, Mathematics, or a related field.
• Minimum of 4 years of experience in risk analysis, preferably within the specialty insurance sector.
• Strong understanding of risk management frameworks and methodologies.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools (e.g., Excel, SQL, Python, R) and risk modeling software.
• Strong communication and report-writing skills, essential for a remote role.
• Ability to work independently, manage time effectively, and meet deadlines in a fully remote setting.
• Knowledge of specific specialty lines such as professional indemnity, cyber, or D&O insurance is highly advantageous.
• Familiarity with South African insurance regulations.

Benefits

• Competitive salary package.
• Performance-based bonuses.
• Fully remote work arrangement, offering excellent flexibility.
• Opportunities for professional development and certification.
• Contribution to medical aid and retirement fund.
• Exposure to diverse and challenging risk scenarios.
• A supportive and collaborative remote team culture.
• Career progression opportunities within a growing specialist insurer.