Risk Analyst - Insurance

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

Benefits offered by this job

Competitive salary

Medical & retirement benefits

Certifications opportunities

Challenging insurance role

Hybrid work model Richards Bay

Job summary

Placements24 is looking for a sharp Risk Analyst to enhance risk identification, assessment and mitigation within our insurance operations in Richards Bay. The role focuses on developing risk management strategies, analyzing data for trends, and ensuring regulatory compliance across products and processes.

You will work with actuarial, underwriting and claims teams to safeguard financial health and operational integrity in KwaZulu-Natal's dynamic insurance sector.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in risk analysis, preferably within insurance/financial services.
• Strong analytical and quantitative skills with proficiency in statistical software or tools.
• Excellent understanding of risk management principles and frameworks.
• Experience with data analysis and modeling techniques is essential.

Responsibilities

• Identify and assess potential financial, operational, and strategic risks facing the organization.
• Develop and implement risk management frameworks, policies, and procedures.
• Analyze large datasets to identify risk patterns, correlations, and potential areas of concern.
• Prepare regular risk reports for senior management, outlining findings and recommendations.
• Collaborate with actuarial, underwriting, and claims departments on risk-related matters.
• Monitor regulatory changes and ensure the company's risk management practices remain compliant.

Skills

Analytical thinking

Quantitative skills

Data analysis

Risk modeling

Insurance risk exp

Education

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

Tools

Statistical software

Job description

About the Role

Our client is seeking a sharp and analytical Risk Analyst to join their established insurance operations in Richards Bay . This role is essential for identifying, assessing, and mitigating potential risks across the company's insurance products and operations. You will be instrumental in developing risk management strategies, analyzing data to identify trends, and ensuring compliance with regulatory frameworks. The successful candidate will work closely with various departments to safeguard the company's financial health and operational integrity within the dynamic KwaZulu-Natal insurance sector .

Key Responsibilities

• Identify and assess potential financial, operational, and strategic risks facing the organization.
• Develop and implement risk management frameworks, policies, and procedures.
• Analyze large datasets to identify risk patterns, correlations, and potential areas of concern.
• Prepare regular risk reports for senior management, outlining findings and recommendations.
• Collaborate with actuarial, underwriting, and claims departments on risk-related matters.
• Monitor regulatory changes and ensure the company's risk management practices remain compliant.

Requirements

• Bachelor'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 quantitative skills, with proficiency in statistical software or tools.
• Excellent understanding of risk management principles and frameworks.
• Ability to communicate complex risk issues clearly and effectively to diverse audiences.
• Experience with data analysis and modeling techniques is essential.

Benefits

• Competitive salary commensurate with experience and expertise.
• Comprehensive medical and retirement benefits package.
• Opportunities for professional certifications and advanced training in risk management.
• A stimulating role involving complex problem-solving in the insurance industry .
• A collaborative work environment with a hybrid working model in Richards Bay .