Risk Analyst - Commercial Portfolio Management

Placements24; Klerksdorp; Híbrido; ZAR 600.000 - 900.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Fully remote work arrangement

Competitive salary

Annual performance-based bonus

Health, dental, and vision insurance

Retirement savings plan with employer"

Professional development opportunities

Access to analytical software

Paid time off and holidays

Descripción de la vacante

Placements24 is seeking a meticulous Risk Analyst to support the management of a commercial insurance portfolio. The role is primarily remote, with responsibilities spanning data-driven risk assessment and actionable recommendations to improve profitability.

You will develop models, analyze industry risks, and collaborate with underwriters and actuaries to inform pricing and risk strategies. A strong quantitative background and remote-work capability are essential.

Formación

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related field.
• Minimum 4 years of risk analysis experience in insurance.
• Strong quantitative and analytical skills with statistical modeling and data analysis.
• Experience with data visualization tools.

Responsabilidades

• Analyze historical data and trends to assess risks in the commercial portfolio.
• Develop and maintain quantitative risk models to estimate losses.
• Evaluate underwriting submissions for risk exposure and provide recommendations.
• Monitor portfolio performance and identify concentration or elevated risk.
• Prepare risk reports for senior management with KPIs and mitigations.
• Collaborate with underwriters, actuaries, claims, and compliance teams.
• Support risk management policy development and regulatory research.
• Assess impact of economic, political, environmental factors on risk profile.
• Apply advanced data analytics to derive insights from large datasets.

Conocimientos

Quantitative analysis

Statistical modeling

Data analysis

Risk assessment

Report writing

Communication skills

Educación

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

Master's degree a plus

Herramientas

R

Python

SAS

Descripción del empleo

About the Role

Our client, a distinguished insurance firm, is seeking a meticulous and analytical Risk Analyst to join their team, supporting the management of their commercial insurance portfolio. This role is primarily remote, offering the flexibility to work from anywhere while contributing to critical risk assessment and mitigation strategies. You will be responsible for identifying, analyzing, and quantifying potential risks associated with our commercial clients' operations and exposures. Your insights will be vital in informing underwriting decisions, pricing strategies, and overall portfolio performance. The ideal candidate will possess a strong quantitative background, excellent analytical skills, and a deep understanding of various commercial industries and their inherent risks. You will work with sophisticated data analysis tools and methodologies to develop risk models and reports. This is an excellent opportunity for a proactive individual who thrives on dissecting complex data and providing actionable recommendations to enhance the profitability and stability of the commercial insurance book. Your contribution will directly impact the company's risk appetite and strategic decision-making.

Key Responsibilities

• Analyze historical data and emerging trends to identify and assess risks within the commercial insurance portfolio.
• Develop and maintain quantitative risk models to predict potential losses and financial impacts.
• Evaluate underwriting submissions for risk exposure and provide recommendations to the underwriting team.
• Monitor the performance of the commercial portfolio, identifying areas of concentration or elevated risk.
• Prepare comprehensive risk reports for senior management, highlighting key risk indicators and mitigation strategies.
• Collaborate with underwriters, actuaries, and claims specialists to gain a holistic understanding of risks.
• Contribute to the development and refinement of risk management policies and procedures.
• Conduct research on industry-specific risks and regulatory changes affecting the commercial sector.
• Assess the impact of economic, political, and environmental factors on the portfolio's risk profile.
• Utilize advanced data analytics tools and techniques to derive actionable insights from large datasets.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field. A Master's degree is a plus.
• Minimum of 4 years of experience in risk analysis, actuarial science, or a related analytical role within the insurance industry.
• Strong quantitative and analytical skills, with proficiency in statistical modeling and data analysis.
• Experience with risk management frameworks and methodologies.
• Proficiency in data analysis software such as R, Python, SAS, or similar.
• Excellent report writing and presentation skills, with the ability to communicate complex findings clearly.
• Ability to work independently and manage multiple projects in a remote setting.
• Knowledge of commercial insurance products and business operations is highly desirable.
• Strong attention to detail and commitment to accuracy.
• Experience with data visualization tools.

Benefits

• Fully remote work arrangement offering significant flexibility.
• Competitive salary commensurate with experience.
• Annual performance-based bonus.
• Comprehensive health, dental, and vision insurance plans.
• Generous retirement savings plan with employer contribution.
• Opportunities for professional development and continuing education.
• Access to cutting-edge analytical software and resources.
• Supportive and collaborative virtual team culture.
• Paid time off and company holidays.
• Be a key contributor to risk strategy for a leading insurer in North West .