Risk Analyst

Placements24; Vereeniging; Hybrid; ZAR 350,000 - 650,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Professional development

Generous annual leave

Flexible working arrangements

Job summary

Placements24 in Vereeniging is seeking a highly analytical Risk Analyst to identify, assess, and quantify financial and operational risks across the insurer's portfolio. You will help develop strategies to mitigate risks and support stability and profitability in the Gauteng region.

The role requires 3+ years in risk analysis within financial services or insurance, strong modeling and data analysis skills, and the ability to present findings to diverse audiences.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or related quantitative field.
• 3+ years of experience as a Risk Analyst or similar in financial services or insurance.
• Strong risk management, financial modeling, and statistical analysis skills.
• Proficient in data analysis tools (Excel, SQL, statistical packages).
• Excellent written and verbal communication and presentation abilities.

Responsibilities

• Conduct risk assessments and analyses of insurance products, operations, and financial exposures.
• Develop and implement risk management frameworks, policies, and procedures.
• Monitor KRIs and report risk profiles to senior management.
• Analyze data to identify emerging risks and mitigation strategies.
• Collaborate with underwriting, claims, and finance to integrate risk practices.
• Ensure compliance with relevant regulations and reporting requirements.

Skills

Excel

SQL

Statistical packages

Data analysis

Analytical thinking

Problem solving

Communication skills

Education

Bachelor's degree in Finance, Economics, Statistics

Job description

About the Role

Our client is seeking a highly analytical and detail-oriented Risk Analyst to join their esteemed team in Vereeniging . This critical role involves identifying, assessing, and quantifying financial and operational risks across the company's insurance portfolio. You will play a key part in developing strategies to mitigate these risks and ensure the organization's stability and profitability. This position offers a fantastic opportunity for a professional looking to make a significant impact within the insurance sector in the Gauteng province.

Key Responsibilities

• Conduct comprehensive risk assessments and analyses of insurance products, operations, and financial exposures.
• Develop and implement risk management frameworks, policies, and procedures.
• Monitor key risk indicators (KRIs) and report on the risk profile to senior management.
• Analyze data to identify emerging risks and recommend appropriate mitigation strategies.
• Collaborate with various departments, including underwriting, claims, and finance, to integrate risk management practices.
• Ensure compliance with relevant industry regulations and reporting requirements.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Proven experience (3+ years) as a Risk Analyst or in a similar role within the financial services or insurance industry.
• Strong understanding of risk management principles, financial modeling, and statistical analysis techniques.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, statistical packages).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present findings clearly to diverse audiences.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development, certifications, and further education.
• Generous annual leave and flexible working arrangements.
• A challenging and rewarding work environment in Vereeniging .