Senior Risk Analyst - Specialty Insurance - WhatJobs Direct

Placements24; Durban; Híbrido; ZAR 900 000 - 1 300 000; Tempo integral

Vantagens oferecidas por esta oferta de emprego

Competitive compensation

Medical aid

Retirement savings plan

Professional development opportunities

Annual leave and flexible working

Resumo da oferta

Placements24 is seeking a Senior Risk Analyst for its Durban, KwaZulu-Natal client in the insurance sector. The role centers on identifying, assessing, and mitigating a broad range of risks with emphasis on specialty lines.

You will develop risk models, quantify impacts, and present findings to senior management. The ideal candidate has 5+ years in risk analysis, robust quantitative skills, and experience with Solvency II-like frameworks.

Qualificações

• Master's degree in a quantitative field (Statistics/ Mathematics/ Finance/ Economics).
• Minimum 5 years in risk analysis, preferably in insurance.
• Proven expertise in statistical modeling, data analysis and risk assessment.
• Strong understanding of insurance operations and financial principles.
• Proficiency in R, Python, SQL, SAS.
• Excellent analytical, problem-solving and communication skills.
• Familiarity with Solvency II or similar regulatory frameworks.
• Ability to work independently and in a team.
• Familiarity with Durban insurance market is a plus.

Responsabilidades

• Conduct comprehensive risk assessments for new and existing insurance products and operations.
• Develop, implement, and maintain sophisticated risk models and methodologies.
• Identify emerging risks and trends affecting the insurance industry and the company's portfolio.
• Quantify potential financial impacts of various risk scenarios.
• Collaborate with underwriting, claims, and actuarial departments to integrate risk management principles.
• Prepare detailed reports and presentations on risk exposures and mitigation strategies for senior leadership.
• Monitor the effectiveness of risk controls and recommend improvements.
• Stay abreast of regulatory changes and ensure compliance with all risk management requirements.
• Contribute to the development and enhancement of the company's overall risk management framework.
• Mentor junior analysts and provide technical guidance.

Conhecimentos

Statistical modeling

Data analysis

Risk assessment

Communication skills

Problem solving

Team collaboration

Formação académica

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

Ferramentas

R

Python

SQL

SAS

Descrição da oferta de emprego

About the Role

Our client, a distinguished insurer, is actively searching for a seasoned Senior Risk Analyst to join their esteemed team in Durban, KwaZulu-Natal . This critical role involves identifying, assessing, and mitigating a wide array of risks across the company's diverse insurance portfolio, with a particular focus on specialty lines. The ideal candidate will possess a strong quantitative background, exceptional analytical acumen, and a deep understanding of risk modeling techniques. You will play a vital role in safeguarding the company's financial health and strategic objectives by providing insightful risk assessments and recommendations to senior management. This position offers a unique opportunity to shape risk management strategies within the thriving insurance landscape of Durban .

Key Responsibilities

• Conduct comprehensive risk assessments and analyses for new and existing insurance products and operations.
• Develop, implement, and maintain sophisticated risk models and methodologies.
• Identify emerging risks and trends affecting the insurance industry and the company's portfolio.
• Quantify potential financial impacts of various risk scenarios.
• Collaborate with underwriting, claims, and actuarial departments to integrate risk management principles.
• Prepare detailed reports and presentations on risk exposures and mitigation strategies for senior leadership.
• Monitor the effectiveness of risk controls and recommend improvements.
• Stay abreast of regulatory changes and ensure compliance with all risk management requirements.
• Contribute to the development and enhancement of the company's overall risk management framework.
• Mentor junior analysts and provide technical guidance.

Requirements

• Master's degree in Statistics, Mathematics, Finance, Economics, or a related quantitative field.
• A minimum of 5 years of experience in risk analysis, preferably within the insurance sector.
• Proven expertise in statistical modeling, data analysis, and risk assessment techniques.
• Strong understanding of insurance operations, products, and financial principles.
• Proficiency in data analysis tools and software (e.g., R, Python, SQL, SAS).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and presentation skills, with the ability to convey complex information clearly.
• Experience with regulatory frameworks such as Solvency II or similar is beneficial.
• Ability to work effectively both independently and as part of a team.
• Familiarity with the insurance market in Durban, KwaZulu-Natal is an advantage.

Benefits

Our client is pleased to offer a competitive salary commensurate with experience, along with performance-based incentives. This position includes a comprehensive benefits package, featuring excellent medical aid, life insurance, and retirement savings plans. Opportunities for professional development, including advanced training and certifications, are readily available. This role is based in a prime location in Durban , offering a conducive work environment. The company values work-life balance, providing generous annual leave and flexible working arrangements. Join a forward-thinking organization committed to innovation and employee growth.