Senior Risk Analyst - Insurance Portfolio

Placements24; Stellenbosch; Sur place; ZAR 900 000 - 1 300 000; Plein temps

Avantages offerts par ce poste

Medical benefits

Retirement plan

Professional development

Annual leave

Wellbeing programs

Career advancement

Résumé du poste

Placements24 is seeking a Senior Risk Analyst in Stellenbosch to drive risk management across insurance portfolios. You will develop frameworks, perform detailed risk assessments and deliver strategic recommendations to senior management.

The role requires a strong quantitative background, proficiency with R/Python/SAS and Excel, and collaboration with underwriting, actuarial and finance teams to embed risk considerations in business decisions.

Qualifications

• Master's degree or higher in a quantitative field.
• Strong statistical analysis and modelling abilities.
• Experience with risk management in insurance/financial services.

Responsabilités

• Develop and refine risk management strategies and frameworks for insurance portfolios.
• Conduct comprehensive risk assessments and quantify potential risks.
• Monitor KRIs and build early warning systems for emerging threats.
• Analyze financial data, market trends, and operations for risk exposure.
• Prepare risk reports for senior management and committees.
• Collaborate with underwriting, actuarial and finance to integrate risk management.

Connaissances

Quantitative analysis

Communication

Independent work

Team collaboration

Formation

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

Outils

R

Python

SAS

Excel

Description du poste

About the Role

Our client, a distinguished insurance company, is seeking a highly analytical and experienced Senior Risk Analyst to join their operations in Stellenbosch, Western Cape . This critical role involves the assessment, monitoring, and mitigation of risks across the company's diverse insurance portfolios. You will be responsible for developing and implementing risk management frameworks, conducting in-depth risk assessments, and providing strategic recommendations to senior management to safeguard the company's financial stability and operational integrity. The ideal candidate possesses a strong quantitative background, a thorough understanding of insurance principles, and the ability to translate complex data into actionable insights. This is a key position within the risk management function.

We offer a challenging and rewarding career within a reputable organization committed to excellence. The beautiful setting of Stellenbosch provides an exceptional working environment. You will have the opportunity to work on significant projects, collaborating with cross-functional teams and contributing directly to the company's strategic objectives. We are dedicated to fostering a culture of continuous improvement and professional development for our employees in the Western Cape . This role is ideal for a seasoned professional looking to make a substantial impact in the insurance risk landscape.

Key Responsibilities

• Develop, implement, and refine risk management strategies and frameworks for insurance portfolios.
• Conduct comprehensive risk assessments, identifying, quantifying, and evaluating potential risks.
• Monitor key risk indicators (KRIs) and develop early warning systems for emerging threats.
• Analyze financial data, market trends, and operational processes to identify areas of potential risk exposure.
• Prepare detailed risk reports, presenting findings and recommendations to senior management and relevant committees.
• Collaborate with underwriting, actuarial, and finance departments to integrate risk management into business processes.
• Develop and implement risk mitigation plans and monitor their effectiveness.
• Ensure compliance with regulatory requirements and industry best practices in risk management.
• Stay abreast of global risk management trends and innovations within the insurance sector.
• Contribute to the development and maintenance of the company's risk appetite statement and tolerance levels.

Requirements

• A Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Professional certifications such as FRM, PRM, or equivalent are highly desirable.
• Minimum of 5 years of experience in risk analysis, preferably within the insurance or financial services industry.
• Strong knowledge of risk management principles, techniques, and tools.
• Proficiency in statistical analysis software (e.g., R, Python, SAS) and advanced Excel skills.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to articulate complex risk issues clearly.
• Ability to work independently and collaboratively within a team environment.
• Experience with regulatory frameworks relevant to the insurance industry in South Africa.
• High level of attention to detail and accuracy.
• A proactive approach to identifying and managing risks in the Western Cape context.

Benefits

• Competitive salary package, reflecting experience and qualifications.
• Comprehensive medical and retirement fund benefits.
• Opportunities for professional development, including advanced training and certifications.
• Generous annual leave allowance.
• A dynamic and challenging work environment in a beautiful location.
• Access to cutting-edge risk management tools and technologies.
• Supportive management and a collaborative team culture.
• Potential for career advancement into leadership roles within the risk department.
• Company-sponsored wellness programs.
• Performance-based bonuses.