Risk Analyst - Insurance

Placements24; Vereeniging; Hybrid; ZAR 800,000 - 1,100,000; Full time

Benefits offered by this job

Bonuses

Health benefits

Retirement benefits

Professional development

Flexible hybrid work

Job summary

Placements24, on behalf of a prominent insurance firm in Vereeniging, seeks a detail-oriented Risk Analyst. You will identify, assess, and mitigate risks across insurance portfolios and investments, developing risk management frameworks and providing strategic insights to senior management.

The role requires advanced quantitative skills, experience with statistical modeling and financial analysis, and the ability to collaborate across departments to implement controls.

Qualifications

• Minimum 5 years in risk analysis, preferably in insurance.
• Strong quantitative and analytical skills with statistical modeling expertise.
• Proficiency with risk management software and data tools.
• Excellent report writing and presentation abilities.
• Relevant degree in Finance, Economics, or Statistics; professional certs a plus.

Responsibilities

• Identify, analyze, and quantify risks across insurance portfolios.
• Develop and implement risk assessment models and methodologies.
• Monitor risk exposures and prepare reports for senior management.
• Collaborate across departments to implement risk controls.
• Stay updated on regulatory changes and industry best practices.

Skills

Quantitative analysis

Statistical modeling

Financial analysis

Report writing

Presentation skills

Education

Bachelor's degree in Finance, Economics or Statistics

Tools

Risk management software

Job description

About the Role

Our client, a prominent insurance firm in Vereeniging , is seeking a detail-oriented Risk Analyst to join their growing team. This analytical role focuses on identifying, assessing, and mitigating various risks associated with insurance operations and investments. You will be instrumental in developing risk management frameworks, conducting financial modeling, and providing strategic insights to senior management to safeguard the company's assets and ensure long-term stability. This is a challenging position for a quantitative professional looking to make a significant impact within the Gauteng insurance landscape.

Key Responsibilities

• Identify, analyze, and quantify potential risks across the company's insurance portfolio and operations.
• Develop and implement robust risk assessment models and methodologies.
• Monitor risk exposures and prepare regular reports on risk status for senior management.
• Collaborate with various departments to implement risk mitigation strategies and controls.
• Stay current with industry best practices, regulatory changes, and emerging risks in the financial sector.

Requirements

• Minimum 5 years of experience in risk analysis or a related field, preferably within the insurance industry.
• Strong quantitative and analytical skills, with expertise in statistical modeling and financial analysis.
• Proficiency in risk management software and tools.
• Excellent report-writing and presentation skills.
• A relevant degree in Finance, Economics, Statistics, or a related field; professional certifications are a plus.

Benefits

• Competitive salary with performance-based bonuses.
• Comprehensive health and retirement benefits package.
• Opportunities for professional development and advanced certifications.
• Flexible working arrangements combining office and remote work.
• A stimulating analytical role within a well-established company in Vereeniging.