Senior Risk Analyst - Insurance Portfolio Management (Remote)

Placements24; Paarl; Hybrid; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Remote work flexibility

Health, dental, and vision insurance

Retirement savings plan

Professional development opportunities

Job summary

Placements24 is seeking a Senior Risk Analyst to join a prominent insurer in a fully remote South Africa role. You will assess, monitor, and manage risks across insurance portfolios, developing risk frameworks and monitoring KRIs/KPIs from a remote location.

The role demands strong quantitative analysis, statistical modeling, and data interpretation with collaboration across underwriting, actuarial, claims, and finance to ensure regulatory compliance and robust risk mitigation strategies.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 5 years of experience in risk management, preferably within insurance or financial services.
• Strong understanding of insurance principles, products, and regulatory environment.
• Proficiency in quantitative analysis, statistical modeling, and data interpretation.
• Experience with risk management software and tools.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently in a remote setting.
• Certifications such as FRM/PRM or actuarial progress are advantageous.

Responsibilities

• Conduct risk assessments and analyses of insurance products, portfolios, and operations.
• Develop and implement risk management frameworks, policies, and procedures.
• Monitor KRIs and KPIs to identify risks and trends.
• Analyze financial data, market trends, and economic factors affecting portfolios.
• Quantify potential financial impacts and develop mitigation strategies.
• Prepare risk reports and presentations for senior management and committees.
• Collaborate with underwriting, actuarial, claims, and finance to integrate risk practices.
• Ensure compliance with regulatory requirements and best practices.

Skills

Quantitative analysis

Statistical modeling

Data interpretation

Risk management

Risk assessments

Communication skills

Independent remote work

Education

Bachelor's degree in Finance/Economics/Statistics/Mathematics

Tools

Risk management software

Job description

About the Role

Our client, a prominent player in the insurance sector, is seeking an experienced Senior Risk Analyst to join their dynamic team. This position is fully remote, allowing you to work from anywhere within **South Africa**. You will play a crucial role in assessing, monitoring, and managing various risks associated with the company's insurance portfolios. The ideal candidate will possess a strong analytical background, a deep understanding of risk management principles within the insurance industry, and proficiency in quantitative analysis techniques. This role offers a unique opportunity to contribute to strategic risk mitigation efforts and influence decision-making processes that safeguard the company's financial health and stability. You will be part of a collaborative, forward-thinking team, driving best practices in risk management from your remote location, potentially near **Paarl, Western Cape**.

Key Responsibilities

• Conduct comprehensive risk assessments and analyses of insurance products, portfolios, and business operations.
• Develop and implement risk management frameworks, policies, and procedures.
• Monitor key risk indicators (KRIs) and key performance indicators (KPIs) to identify emerging risks and trends.
• Analyze financial data, market trends, and economic factors impacting the insurance portfolios.
• Quantify potential financial impacts of identified risks and develop mitigation strategies.
• Prepare detailed risk reports and presentations for senior management and relevant committees.
• Collaborate with underwriting, actuarial, claims, and finance departments to integrate risk management practices.
• Ensure compliance with regulatory requirements and industry best practices related to risk management.
• Develop and maintain risk models and tools for scenario analysis and stress testing.
• Contribute to the continuous improvement of the company's risk management capabilities.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 5 years of experience in risk management, preferably within the insurance or financial services industry.
• Strong understanding of insurance principles, products, and the regulatory environment.
• Proficiency in quantitative analysis, statistical modeling, and data interpretation.
• Experience with risk management software and tools.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Ability to work independently and manage multiple priorities in a remote setting.
• Relevant certifications such as FRM, PRM, or progress towards actuarial exams are advantageous.
• High level of attention to detail and accuracy.

Benefits

• Competitive salary package and performance-based bonuses.
• Fully remote work arrangement, offering significant flexibility.
• Comprehensive health, dental, and vision insurance.
• Retirement savings plan with company contributions.
• Professional development opportunities, including training and certifications.
• Opportunity to make a significant impact on the company's risk strategy.
• Work from anywhere in **South Africa**, contributing to our client's success, potentially from the **Paarl, Western Cape** area.