Risk Analyst - Commercial Insurance

Placements24; Stellenbosch; Presencial; ZAR 520.000 - 900.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical aid

Provident fund

Professional development

Descripción de la vacante

Placements24 in Stellenbosch is seeking a meticulous Risk Analyst to join our client's commercial insurance division. The role focuses on identifying, assessing, and mitigating risks within the portfolio and supporting underwriting and claims with data-driven insights.

You will develop risk assessment tools, prepare reports, and collaborate with underwriters to evaluate risk profiles of prospective clients.

Formación

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, Risk Management, or a related quantitative field.
• Minimum of 3 years of experience in risk analysis, preferably within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, statistical software packages).
• Excellent understanding of insurance principles and commercial lines of business.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Meticulous attention to detail and a commitment to accuracy.
• Ability to work effectively both independently and as part of a team in an office-based setting in Stellenbosch.
• Familiarity with South African insurance regulations is an advantage.

Responsabilidades

• Analyze underwriting data to identify trends, patterns, and potential risks within the commercial insurance portfolio.
• Develop and implement risk assessment methodologies and tools.
• Prepare comprehensive risk reports, highlighting key exposures and providing actionable recommendations for mitigation.
• Collaborate with underwriters to evaluate the risk profiles of prospective clients and large commercial accounts.
• Monitor the effectiveness of risk management strategies and advise on adjustments as needed.
• Stay informed about regulatory changes and industry best practices related to risk management in insurance.
• Assist in the development and implementation of internal controls and compliance procedures.
• Support the claims department in analyzing loss data and identifying potential fraud indicators.
• Contribute to the development of pricing models that accurately reflect risk.

Conocimientos

Analytical thinking

Quantitative analysis

Problem solving

Communication

Educación

Bachelor's degree in Finance, Economics, Statistics, Mathematics, Risk Management, or a related quantitative field

Herramientas

Excel

SQL

Statistical software

Descripción del empleo

About the Role

Our client, a leading insurance provider with a significant presence in Stellenbosch, Western Cape, is seeking a meticulous Risk Analyst to join their commercial insurance division. This role is crucial for identifying, assessing, and mitigating risks associated with the company's commercial insurance portfolio. The successful candidate will play a key part in supporting the underwriting and claims teams by providing data-driven insights and recommendations. You will contribute to maintaining the financial health and stability of the business by ensuring that potential risks are well understood and managed effectively. This on-site position is ideal for an individual who thrives in a collaborative office environment within the vibrant business community of Stellenbosch.

Key Responsibilities

• Analyze underwriting data to identify trends, patterns, and potential risks within the commercial insurance portfolio.
• Develop and implement risk assessment methodologies and tools.
• Prepare comprehensive risk reports, highlighting key exposures and providing actionable recommendations for mitigation.
• Collaborate with underwriters to evaluate the risk profiles of prospective clients and large commercial accounts.
• Monitor the effectiveness of risk management strategies and advise on adjustments as needed.
• Stay informed about regulatory changes and industry best practices related to risk management in insurance.
• Assist in the development and implementation of internal controls and compliance procedures.
• Support the claims department in analyzing loss data and identifying potential fraud indicators.
• Contribute to the development of pricing models that accurately reflect risk.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, Risk Management, or a related quantitative field.
• Minimum of 3 years of experience in risk analysis, preferably within the insurance industry.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, statistical software packages).
• Excellent understanding of insurance principles and commercial lines of business.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Meticulous attention to detail and a commitment to accuracy.
• Ability to work effectively both independently and as part of a team in an office-based setting in Stellenbosch.
• Familiarity with South African insurance regulations is an advantage.

Benefits

Our client offers a competitive salary and benefits package, including medical aid, a provident fund, and opportunities for professional development. Employees benefit from a stable work environment and the chance to contribute to critical business decisions within the Western Cape insurance market. Join a reputable organization in Stellenbosch that values analytical expertise and provides a clear path for career advancement.