Risk Analyst - Insurance

Placements24; Mossel Bay; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Hybrid working model

Medical aid

Retirement fund

Life insurance

Support for professional certs

Job summary

Placements24 is seeking a sharp and analytical Risk Analyst to join our insurance operations in Mossel Bay. You will identify, assess, and mitigate risks affecting financial stability and operations.

You will leverage data analytics to interpret risk trends, develop models, and ensure regulatory compliance, contributing to resilience and strategic decision-making.

Qualifications

• Bachelor's or Master's degree in Finance, Economics, Statistics, Actuarial Science, or related quantitative field.
• Experience as Risk Analyst in financial services or insurance.
• Proficiency in R, Python, SQL and data analysis tools.
• Strong communication and regulatory knowledge.

Responsibilities

• Identify and assess potential risks across insurance lines (market, credit, operational, underwriting).
• Develop and implement quantitative and qualitative risk models to measure and monitor risk exposures.
• Analyze large datasets to identify trends and potential areas of concern.
• Formulate recommendations for risk mitigation strategies and control measures.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Stay abreast of industry best practices, regulatory changes, and emerging risks in the insurance sector.

Skills

Analytical skills

Problem-solving

Statistical software

Education

Bachelor's or Master's degree in Finance, Economics, Statistics, Actuarial Science, or related quantitative field

Tools

R

Python

SQL

Job description

About the Role

Our client is seeking a sharp and analytical Risk Analyst to join their insurance operations in Mossel Bay. This role is crucial for identifying, assessing, and mitigating potential risks that could affect the company's financial stability and operational effectiveness. You will leverage data analytics to interpret risk trends, develop risk management strategies, and ensure compliance with regulatory frameworks. The ideal candidate possesses strong quantitative skills, a deep understanding of the insurance landscape, and a proactive approach to risk management, contributing to the company's resilience and strategic decision-making.

Key Responsibilities

• Identify and assess potential risks across various insurance lines, including market, credit, operational, and underwriting risks.
• Develop and implement quantitative and qualitative risk models to measure and monitor risk exposures.
• Analyze large datasets to identify trends, patterns, and potential areas of concern.
• Formulate recommendations for risk mitigation strategies and control measures.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Stay abreast of industry best practices, regulatory changes, and emerging risks in the insurance sector.

Requirements

• Bachelor's or Master's degree in Finance, Economics, Statistics, Actuarial Science, or a related quantitative field.
• Demonstrated experience in a Risk Analyst role within the financial services or insurance industry.
• Strong analytical and problem-solving skills with proficiency in statistical software and data analysis tools (e.g., R, Python, SQL).
• Excellent understanding of financial markets, insurance products, and risk management principles.
• Effective communication skills, with the ability to present complex findings clearly and concisely.
• Experience with regulatory compliance frameworks relevant to the insurance sector.

Benefits

• Competitive salary and potential for annual bonuses based on performance.
• Hybrid working model to balance work and personal life.
• Comprehensive medical aid, retirement fund, and life insurance benefits.
• Support for professional certifications and continuous learning opportunities.
• Engaging work environment with opportunities for cross-functional collaboration.