Risk Analyst - Insurance

Placements24; Randburg; On-site; ZAR 800,000 - 1,200,000; Full time

Benefits offered by this job

Annual bonus

Comprehensive health benefits

Retirement plan

Professional growth opportunities (FRM

PRM certifications

Job summary

Placements24 is seeking a Risk Analyst in Randburg to identify, assess, and mitigate financial and operational risks across the insurance business. You will develop risk frameworks, analyze large datasets, and provide strategic recommendations to senior management.

The role requires strong analytical skills, knowledge of Solvency II or Basel frameworks, and the ability to translate data into actionable insights for firm stability and profitability.

Qualifications

• Bachelor's or Master's degree in a quantitative field.
• Minimum 3 years of risk analysis experience, preferably in insurance or financial services.
• Strong analytical and statistical modeling skills.
• Proficiency in data analysis tools such as SQL, Python, or R.
• Excellent written and verbal communication skills.

Responsibilities

• Develop and maintain risk models for insurance-related risks.
• Analyze financial data and trends to identify exposures.
• Design and implement risk mitigation strategies and controls.
• Prepare comprehensive risk reports for senior management and regulators.
• Collaborate with departments to embed a risk culture.
• Stay updated on regulatory changes and impacts.

Skills

Analytical thinking

Statistical modeling

SQL

Python

R

Communication skills

Risk management knowledge

Education

Bachelor's degree in Finance/Economics/Statistics

Master's degree preferred

Tools

SQL

Python

R

Job description

About the Role

Our client is seeking a quantitative and insightful Risk Analyst to join their team in Randburg . This role is central to identifying, assessing, and mitigating financial and operational risks across the insurance business. You will be responsible for developing and implementing risk management frameworks, analyzing large datasets to identify trends, and providing strategic recommendations to senior management. The ideal candidate will possess strong analytical skills, a deep understanding of insurance operations, and the ability to translate complex data into actionable insights, ensuring the firm's stability and profitability.

Key Responsibilities

• Develop and maintain risk models to assess various insurance-related risks (e.g., market, credit, operational).
• Analyze financial data and industry trends to identify potential risk exposures and opportunities.
• Design and implement risk mitigation strategies and controls.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Collaborate with different departments to embed a strong risk management culture.
• Stay abreast of regulatory changes and their potential impact on the business.

Requirements

• Bachelor's or Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in risk analysis, preferably within the insurance or financial services industry.
• Strong analytical and statistical modeling skills.
• Proficiency in data analysis tools such as SQL, Python, or R.
• Excellent written and verbal communication skills, with the ability to present complex information clearly.
• Knowledge of relevant risk management frameworks (e.g., Solvency II, Basel) is a plus.

Benefits

• Highly competitive salary and annual bonus.
• Comprehensive health, retirement, and insurance benefits.
• Opportunities for professional growth and certifications (e.g., FRM, PRM).
• Exposure to strategic decision-making within a leading insurance company in Randburg .
• A challenging and intellectually stimulating work environment.