Senior Insurance Risk Analyst

Placements24; Stellenbosch; Hybrid; ZAR 900,000 - 1,600,000; Full time

Benefits offered by this job

Remote work flexibility

Health, dental, vision insurance

Retirement savings plan with company  

Cutting-edge analytics tools

Professional development opportunities

Job summary

Placements24 is seeking a highly analytical Senior Insurance Risk Analyst to join the Stellenbosch team. You will identify and mitigate risks across the insurance portfolio, translate complex data into actionable recommendations, and support senior leadership in maintaining a robust risk framework.

The role requires mastery of statistical modeling and advanced data tools (R, Python, SQL) with several years of relevant experience.

Qualifications

• Master's degree in Finance, Economics, Statistics, or related quantitative field.
• 7+ years of experience in risk management, actuarial science, or financial analysis within insurance.
• Advanced proficiency in statistical modeling, data analysis tools (e.g. R, Python, SQL), and risk modeling software.
• Strong understanding of insurance products, regulations, and capital requirements.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Develop and implement risk assessment frameworks and methodologies.
• Analyze financial data, market trends, and operations to identify risks.
• Quantify and model impact of risk scenarios on the business.
• Design and recommend risk mitigation strategies and controls.
• Prepare detailed risk reports and present findings to management.
• Monitor regulatory changes and ensure compliance across the organization.

Skills

Statistical modeling

Data analysis

Python

SQL

R

Risk modeling software

Communication skills

Education

Master's degree

Tools

R

Python

SQL

Job description

About the Role

Our client is looking for a highly analytical and experienced Senior Insurance Risk Analyst to join their team, supporting operations from Stellenbosch . This role is integral to identifying, assessing, and mitigating potential risks across the company's insurance portfolio. You will leverage data analysis and industry expertise to provide strategic insights that inform decision-making and safeguard the company's financial health. This position requires a proactive approach to risk management and the ability to translate complex data into actionable recommendations for senior leadership, contributing to a robust risk framework.

Key Responsibilities

• Develop and implement comprehensive risk assessment frameworks and methodologies.
• Analyze financial data, market trends, and operational performance to identify potential risks.
• Quantify and model the impact of various risk scenarios on the business.
• Design and recommend risk mitigation strategies and controls.
• Prepare detailed risk reports and present findings to management and stakeholders.
• Monitor regulatory changes and ensure compliance across the organization.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• 7+ years of experience in risk management, actuarial science, or financial analysis within the insurance sector.
• Advanced proficiency in statistical modeling, data analysis tools (e.g., R, Python, SQL), and risk modeling software.
• Strong understanding of insurance products, regulations, and capital requirements.
• Excellent analytical, problem-solving, and critical thinking skills.
• Demonstrated ability to communicate complex technical information to non-technical audiences.

Benefits

• Executive-level compensation package including base salary and significant bonus potential.
• Remote work flexibility to support a healthy work-life balance.
• Premium health, dental, and vision insurance coverage.
• Generous retirement savings plan with employer matching.
• Access to cutting-edge analytics tools and continuous professional development opportunities.