Senior Risk Analyst - Insurance

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary

Health, dental and retirement benefits

Professional development opportunities

Coastal Richards Bay location

Job summary

Placements24 is seeking a Senior Risk Analyst for their Richards Bay operations to identify, assess, and mitigate financial and operational risks within insurance activities. You will develop risk management policies, frameworks, and reporting to safeguard assets and ensure regulatory compliance.

The role requires strong data-driven analysis, collaboration across departments, and a track record of delivering risk mitigation plans that support strategic decision-making and sustainable growth.

Qualifications

• Minimum of 5 years of experience in risk management, preferably within the insurance industry.
• Strong understanding of risk assessment methodologies, financial modeling, and statistical analysis.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and data analysis tools.
• Strong communication and presentation skills, with the ability to convey complex information clearly.
• Relevant professional qualifications (e.g., FRM, PRM) are highly desirable.

Responsibilities

• Conduct comprehensive risk assessments across all lines of insurance business, identifying potential threats and vulnerabilities.
• Develop, implement, and monitor risk management strategies, policies, and procedures.
• Analyze financial data, market trends, and operational performance to quantify and prioritize risks.
• Collaborate with business units to establish risk mitigation plans and ensure their effective execution.
• Prepare detailed risk reports and present findings and recommendations to senior management and relevant committees.
• Ensure compliance with all relevant industry regulations and internal risk management standards.

Skills

Risk management

Financial modeling

Statistical analysis

Data analysis tools

Communication skills

FRM/PRM

Tools

Risk management software

Data analysis tools

Job description

About the Role

Our client is seeking a highly skilled and analytical Senior Risk Analyst to join their team in Richards Bay . This critical role involves identifying, assessing, and mitigating financial and operational risks within the insurance operations. You will be instrumental in developing and implementing risk management strategies, policies, and frameworks to safeguard the company's assets and ensure regulatory compliance. This is a fantastic opportunity for an experienced professional to make a significant impact on the company's risk profile, working closely with various departments to foster a strong risk-aware culture and drive strategic decision-making within the Richards Bay operations, contributing to sustainable business growth.

Key Responsibilities

• Conduct comprehensive risk assessments across all lines of insurance business, identifying potential threats and vulnerabilities.
• Develop, implement, and monitor risk management strategies, policies, and procedures.
• Analyze financial data, market trends, and operational performance to quantify and prioritize risks.
• Collaborate with business units to establish risk mitigation plans and ensure their effective execution.
• Prepare detailed risk reports and present findings and recommendations to senior management and relevant committees.
• Ensure compliance with all relevant industry regulations and internal risk management standards.

Requirements

• Minimum of 5 years of experience in risk management, preferably within the insurance industry.
• Strong understanding of risk assessment methodologies, financial modeling, and statistical analysis.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and data analysis tools.
• Strong communication and presentation skills, with the ability to convey complex information clearly.
• Relevant professional qualifications (e.g., FRM, PRM) are highly desirable.

Benefits

• Competitive salary and performance-related incentives.
• Comprehensive health, dental, and retirement benefits.
• Professional development opportunities and support for certifications.
• A dynamic work environment with significant influence on company strategy.
• Opportunity to work in the coastal city of Richards Bay.