Senior Insurance Risk Analyst

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Hybrid work model

Professional development opportunities

Competitive compensation

Job summary

Placements24 in Mpumalanga is seeking a Senior Insurance Risk Analyst to lead risk assessment and mitigation across the insurance portfolio. The role involves ensuring regulatory compliance and safeguarding financial health while collaborating with underwriting and claims teams to implement strategies.

The ideal candidate holds a Master’s in a quantitative field and 5+ years in risk analysis within insurance, with strong analytical and communication skills to report to senior management.

Qualifications

• Master's degree in Finance, Economics, Statistics, or related quantitative field.
• 5+ years of experience in risk analysis, preferably within the insurance sector.
• Strong knowledge of risk management principles, statistical modeling, and financial analysis.
• Proficiency in risk management software and data analysis tools.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Conduct comprehensive risk assessments for new and existing insurance products and operations.
• Develop and implement risk management strategies and frameworks.
• Monitor market trends and regulatory changes that may impact risk exposure.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Collaborate with underwriting and claims departments to implement risk mitigation strategies.

Skills

Risk analysis

Statistical modeling

Financial analysis

Data analysis

Communication

Education

Master's degree in Finance/Economics/Statistics or related field

5+ years experience in risk analysis

Tools

Risk management software

Data analysis tools

Job description

About the Role

Our client is looking for a highly analytical and experienced Senior Insurance Risk Analyst to join their team in Nelspruit . This role involves identifying, assessing, and mitigating risks across the company's insurance portfolio. You will play a crucial part in safeguarding the company's financial health and ensuring compliance with regulatory frameworks. If you have a strong background in risk management and a deep understanding of the insurance industry , this position in Mpumalanga offers a challenging and rewarding career path in Nelspruit .

Key Responsibilities

• Conduct comprehensive risk assessments for new and existing insurance products and operations.
• Develop and implement risk management strategies and frameworks.
• Monitor market trends and regulatory changes that may impact risk exposure.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Collaborate with underwriting and claims departments to implement risk mitigation strategies.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• 5+ years of experience in risk analysis, preferably within the insurance sector.
• Strong knowledge of risk management principles, statistical modeling, and financial analysis.
• Proficiency in risk management software and data analysis tools.
• Excellent analytical, problem-solving, and communication skills.

Benefits

• Competitive salary and performance-based bonuses.
• Hybrid work model offering flexibility and a good work-life balance.
• Comprehensive health, disability, and life insurance benefits.
• Opportunities for professional development and obtaining risk management certifications.
• A collaborative and intellectually stimulating work environment in Nelspruit .