Risk Analyst - Insurance - Hybrid

Placements24; Polokwane; Hybrid; ZAR 450,000 - 750,000; Full time

Benefits offered by this job

Hybrid work model

Medical and retirement benefits

Professional development opportunities

Collaborative work environment

Job summary

Placements24 is recruiting a meticulous Risk Analyst for a hybrid role in Polokwane, Limpopo. You will identify, assess, and mitigate risks, develop risk management strategies, and analyze data to inform strategic decisions.

The ideal candidate has 3+ years of risk analysis experience and strong skills in Excel, SQL, R, and Python. You will collaborate with stakeholders to ensure regulatory compliance and contribute to business continuity planning, with opportunities for professional development

Qualifications

• Minimum 3 years of experience in risk analysis, preferably in insurance/financial services.
• Bachelor's degree required in Finance, Economics, Mathematics or related field.
• Proficiency with data analysis tools (Excel, SQL, R, Python).
• Strong analytical, quantitative, and writing skills.

Responsibilities

• Identify, assess, and monitor potential risks across business units.
• Develop and implement risk management strategies and policies.
• Analyze financial data and operational metrics to identify risk exposures and trends.
• Prepare risk assessment reports and present findings to management.
• Develop and maintain risk models and frameworks.
• Monitor regulatory changes and ensure compliance with legislation.
• Collaborate with stakeholders to promote a risk-aware culture.
• Conduct due diligence on potential partners and investments.
• Investigate and report incidents and near misses.
• Contribute to business continuity and disaster recovery planning.

Education

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

Tools

Excel

SQL

Python

R

Job description

About the Role

Our client, a prominent insurer operating across South Africa, is seeking a meticulous and analytical Risk Analyst to join their team in Polokwane . This hybrid role offers the advantage of working both remotely and from our local office, promoting a flexible and productive work environment. You will be instrumental in identifying, assessing, and mitigating various risks that could impact the company's operations and financial performance. This involves developing and implementing risk management frameworks, analyzing data to identify trends, and providing strategic recommendations to senior management. The ideal candidate will possess strong quantitative skills, a deep understanding of risk principles, and the ability to communicate complex findings clearly. This is a significant opportunity to contribute to the stability and growth of our client's business in Limpopo province.

Key Responsibilities

• Identify, assess, and monitor potential risks across various business units.
• Develop and implement risk management strategies and policies.
• Analyze financial data and operational metrics to identify risk exposures and trends.
• Prepare risk assessment reports and present findings and recommendations to management.
• Develop and maintain risk models and frameworks.
• Monitor regulatory changes and ensure compliance with relevant legislation.
• Collaborate with internal stakeholders to promote a strong risk-aware culture.
• Conduct due diligence on potential partners and investments.
• Investigate and report on incidents and near misses.
• Contribute to the development of business continuity and disaster recovery plans.

Requirements

• Minimum of 3 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Strong understanding of risk management principles, methodologies, and best practices.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and techniques (e.g., Excel, SQL, R, Python).
• Strong report writing and presentation skills.
• Ability to work effectively in a hybrid environment, managing time and tasks efficiently.
• Bachelor's degree in Finance, Economics, Mathematics, or a related field is required.
• Relevant professional certifications (e.g., PRM, FRM) are a significant advantage.
• Excellent communication and interpersonal skills.
• High level of attention to detail and accuracy.

Benefits

• Competitive annual salary ranging from Rands .
• Hybrid work model offering flexibility and work-life balance.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and certifications.
• A collaborative and dynamic work environment.
• Work with a leading player in the insurance industry.
• Exposure to diverse risk management challenges.
• Based in Polokwane with convenient office access.
• Career growth opportunities within a stable organization.