Senior Risk Analyst - Insurance

Placements24; Gauteng; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Executive-level salary

Hybrid work arrangement

Medical benefits

Retirement plan

Leadership development

Job summary

Placements24 seeks a highly skilled Senior Risk Analyst to join its strategic risk management team in Pretoria. This role focuses on identifying, assessing, and mitigating risks across the company’s insurance operations while developing frameworks to safeguard assets and ensure long-term sustainability.

You will lead analytics, stay abreast of insurance industry risk trends, and collaborate with departments to promote a risk-aware culture across the Pretoria office and organization.

Qualifications

• Master's degree in a quantitative field is required.
• 6+ years of risk analysis experience in insurance or financial services preferred.
• Strong analytical, problem-solving and communication skills.
• Experience with regulatory frameworks such as Solvency II is advantageous.

Responsibilities

• Develop and maintain enterprise-wide risk assessment models and methodologies.
• Analyze insurance product performance, market trends and processes to identify emerging risks.
• Design and implement risk mitigation strategies, controls and contingency plans.
• Prepare risk reports and present findings to senior management and committees.
• Monitor regulatory changes and best practices in risk management and compliance.
• Conduct internal audits to ensure adherence to risk policies in Gauteng.

Skills

Statistical analysis

Financial modeling

Risk management

Education

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

Tools

Risk management software

Job description

About the Role

Our client is looking for a highly skilled Senior Risk Analyst to join their strategic risk management team in Pretoria . This critical role involves identifying, assessing, and mitigating potential risks across the company's insurance operations. You will be instrumental in developing and implementing risk management frameworks, policies, and procedures to safeguard the company's assets and ensure long-term sustainability. The successful candidate will possess strong analytical acumen, a deep understanding of insurance industry risks, and the ability to collaborate effectively with various departments to foster a strong risk-aware culture within the Pretoria office and across the organization.

Key Responsibilities

• Develop and maintain enterprise-wide risk assessment models and methodologies.
• Analyze insurance product performance, market trends, and operational processes to identify emerging risks.
• Design and implement risk mitigation strategies, controls, and contingency plans.
• Prepare comprehensive risk reports and present findings and recommendations to senior management and relevant committees.
• Stay abreast of regulatory changes and industry best practices in risk management and compliance.
• Conduct internal audits and reviews to ensure adherence to risk management policies and procedures in Gauteng.

Requirements

• A Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 6 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Strong proficiency in statistical analysis, financial modeling, and risk management software.
• Excellent analytical, problem-solving, and critical thinking skills.
• Demonstrated ability to communicate complex risk concepts clearly and concisely to diverse audiences.
• Experience with regulatory frameworks such as Solvency II or similar is advantageous for this role in Pretoria.

Benefits

• Attractive executive-level salary and potential bonus structures.
• Hybrid work arrangement providing a balance between office collaboration and remote flexibility.
• Comprehensive medical, retirement, and other executive benefits.
• Significant opportunities for professional growth, leadership development, and strategic input.
• A dynamic work environment focused on innovation and proactive risk management.