Risk Analyst - Remote

Placements24; Pretoria; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Performance-based incentives

Fully remote work

Health, disability, and life insurance

Job summary

Placements24 in South Africa is seeking a highly analytical Risk Analyst to join a fully remote team. You will identify, assess, and mitigate risks tied to insurance products and operations, using advanced data analysis and statistical modeling to inform strategic decisions and protect financial health.

Collaborate with underwriting, actuarial, and compliance teams; develop risk models, stress tests, and scenario analyses; monitor controls and stay current with regulatory changes.

Qualifications

• Bachelor’s or Master’s degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• 3+ years experience as a Risk Analyst or in a similar quantitative role within the insurance industry.
• Strong proficiency in statistical software (R, Python, SAS) and data manipulation tools.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data.
• Experience with risk modeling, stress testing, and scenario analysis.
• Effective communication skills for presenting technical information to non-technical audiences in a remote setting.

Responsibilities

• Develop and maintain risk models to quantify potential financial impacts and identify key risk drivers.
• Analyze large datasets to identify trends, patterns, and emerging risks within the insurance portfolio.
• Prepare comprehensive risk reports and present findings and recommendations to management and relevant committees.
• Collaborate with underwriting, actuarial, and compliance teams to implement risk mitigation strategies.
• Monitor the effectiveness of existing risk controls and recommend improvements.
• Stay abreast of regulatory changes and industry best practices in risk analysis and management.

Skills

Quantitative analysis

Statistical modeling

Data interpretation

Remote communication

Education

Bachelor’s or Master’s degree in Finance/ Economics/ Statistics/ Mathematics

Tools

R

Python

SAS

Job description

About the Role

Our client is looking for a highly analytical and quantitative Risk Analyst to join their fully remote team. In this crucial role, you will focus on identifying, assessing, and mitigating various risks associated with insurance products and operations. You will utilize advanced data analysis techniques and modeling to provide insights that inform strategic decision-making and safeguard the company's financial health. This position is ideal for a proactive individual who thrives on problem-solving and possesses a strong understanding of statistical modeling and risk management principles within the insurance context. You will be a key contributor to a virtual team dedicated to robust risk management practices and the overall stability of the business.

Key Responsibilities

• Develop and maintain risk models to quantify potential financial impacts and identify key risk drivers.
• Analyze large datasets to identify trends, patterns, and emerging risks within the insurance portfolio.
• Prepare comprehensive risk reports and present findings and recommendations to management and relevant committees.
• Collaborate with underwriting, actuarial, and compliance teams to implement risk mitigation strategies.
• Monitor the effectiveness of existing risk controls and recommend improvements.
• Stay abreast of regulatory changes and industry best practices in risk analysis and management.

Requirements

• Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Proven experience (3+ years) as a Risk Analyst or in a similar quantitative role within the insurance industry.
• Strong proficiency in statistical software (e.g., R, Python, SAS) and data manipulation tools.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data.
• Experience with risk modeling , stress testing, and scenario analysis.
• Effective communication skills for presenting technical information to non-technical audiences in a remote setting.

Benefits

• Attractive annual salary with performance-based incentives.
• Fully remote work arrangement, offering unparalleled flexibility.
• Comprehensive health, disability, and life insurance coverage.
• Opportunities for advanced training and certifications in risk management .
• A collaborative and intellectually stimulating virtual work environment.