Senior Insurance Risk Analyst

Placements24; Klerksdorp; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary

Executive bonus potential

Healthcare & retirement benefits

Growth opportunities

Job summary

Placements24 in Klerksdorp is seeking a highly analytical Senior Insurance Risk Analyst to join our strategic team. You will assess, monitor, and manage financial and operational risks across insurance products and operations.

The ideal candidate has 6+ years in risk analysis within insurance, strong quantitative skills, and professional designations such as FRM or actuarial qualifications are desirable.

Qualifications

• 6+ years of experience in risk analysis within the insurance sector.
• Strong quantitative and analytical skills with proficiency in modeling techniques.
• Desirable FRM/PRM or actuarial qualifications.

Responsibilities

• Develop risk assessment methodologies and models for insurance portfolios.
• Analyze data, market trends, and regulatory changes to identify risks.
• Monitor KRIs and prepare risk reports for senior management.
• Conduct stress testing and scenario analyses for resilience.

Skills

Quantitative analysis

Analytical skills

Statistical modeling

Insurance domain knowledge

Report writing

Independent project leadership

Education

Bachelor's degree in risk management/actuarial science or related field

Tools

SAS

R

Python

Job description

About the Role

Our client, a leader in risk management and insurance solutions, is seeking a highly analytical Senior Insurance Risk Analyst to join their strategic team in Klerksdorp . This critical role involves assessing, monitoring, and managing financial and operational risks associated with the company's insurance products and operations. You will provide insights and recommendations to senior management to ensure the company's financial health and stability. This is an excellent opportunity for a seasoned risk professional to contribute to key decision-making processes within a growing organization in the North West province.

Key Responsibilities

• Develop and implement risk assessment methodologies and models for insurance portfolios.
• Analyze financial data, market trends, and regulatory changes to identify and quantify potential risks.
• Monitor key risk indicators (KRIs) and prepare regular risk reports for senior management.
• Conduct stress testing and scenario analysis to evaluate the company's resilience to adverse events.
• Collaborate with various departments to implement risk mitigation strategies and controls.
• Ensure compliance with all relevant risk management regulations and industry best practices.

Requirements

• Minimum of 6 years of experience in risk analysis, actuarial science, or a related field within the insurance industry.
• Strong quantitative and analytical skills, with proficiency in statistical software and modeling techniques.
• In-depth understanding of insurance products, financial markets, and risk management frameworks.
• Excellent report writing and presentation skills, with the ability to communicate complex information clearly.
• Relevant professional qualifications such as FRM, PRM, or actuarial designations are highly desirable.
• Proven ability to work independently and lead complex analytical projects.

Benefits

• Highly competitive salary and executive bonus potential.
• Comprehensive healthcare, life insurance, and retirement benefits.
• Significant opportunities for professional growth and advancement.
• A challenging and intellectually stimulating work environment.
• Key role in shaping the risk strategy for the company in Klerksdorp.