Risk Analyst - Insurance Portfolio

Placements24; Bloemfontein; Hybrid; ZAR 420,000 - 680,000; Full time

Benefits offered by this job

Remote work

Health insurance

Professional development

Job summary

Placements24 is seeking a sharp and analytical Risk Analyst to join our growing team. The role focuses on the insurance portfolio, developing models and delivering strategic recommendations to senior management.

You will work remotely supporting clients in the Welkom area, requiring strong quantitative skills, data analysis, and effective communication to drive risk mitigations and protect profitability.

Qualifications

• Bachelor's degree in a quantitative field.
• Minimum 4 years in risk analysis, financial modeling, or related role within insurance/financial services.
• Proficiency in R, Python, SAS and advanced Excel.
• Strong understanding of risk management principles in financial services.

Responsibilities

• Develop and implement quantitative risk models to assess portfolio risks (market, credit, operational).
• Analyze large datasets to identify risk exposures, anomalies, and trends in the insurance portfolio.
• Prepare risk reports and presentations for senior management with findings and mitigation strategies.
• Collaborate with underwriting, actuarial, and claims to ensure integrated risk management.
• Monitor regulatory changes and ensure compliance with risk management frameworks.
• Contribute to development and refinement of risk management policies and procedures.

Skills

Analytical thinking

Data analysis

Communication skills

Problem solving

Education

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

Tools

R

Python

SAS

Excel

Job description

About the Role

Our client is seeking a sharp and analytical Risk Analyst to join their expanding team, focusing on the insurance portfolio, based remotely but serving clients in the Welkom area. This role is pivotal in identifying, assessing, and mitigating financial and operational risks associated with the company's insurance products and services. You will be responsible for developing risk models, analyzing data to detect emerging trends, and providing strategic recommendations to senior management to safeguard the company's assets and profitability. The ideal candidate possesses strong quantitative skills, a meticulous approach to data analysis, and a comprehensive understanding of risk management principles within the financial services industry.

Key Responsibilities

• Develop and implement quantitative risk models to assess portfolio risks, including market, credit, and operational risks.
• Analyze large datasets to identify potential risk exposures, anomalies, and emerging trends within the insurance portfolio.
• Prepare detailed risk reports and presentations for senior management, highlighting key findings and mitigation strategies.
• Collaborate with underwriting, actuarial, and claims departments to ensure integrated risk management practices.
• Monitor regulatory changes and ensure compliance with relevant risk management frameworks and guidelines.
• Contribute to the development and refinement of risk management policies and procedures.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 4 years of experience in risk analysis, financial modeling, or a related role within the insurance or financial services sector.
• Proficiency in statistical software (e.g., R, Python, SAS) and advanced Excel skills.
• Strong understanding of risk management principles, financial markets, and insurance products.
• Excellent analytical, problem-solving, and communication skills.
• Experience with data visualization tools is a plus.

Benefits

• Competitive salary and performance-based bonus incentives.
• Fully remote work arrangement, providing flexibility and work-life balance.
• Comprehensive health, dental, and vision insurance coverage.
• Opportunities for professional development, certifications, and continuous learning.
• Engaging work environment with a focus on data-driven decision-making and risk mitigation strategies for the Free State region.