Senior Risk Analyst - Underwriting - WhatJobs Direct

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

Benefits offered by this job

Medical aid

Retirement fund

Annual bonus

Professional development

Analytics tools

Hybrid work model

Job summary

Placements24 is seeking an experienced Senior Risk Analyst for the underwriting division in Mossel Bay, Western Cape. This role involves analyzing risks across insurance product lines, developing risk models, and supporting pricing strategies to safeguard profitability.

The ideal candidate has a Bachelor's in a quantitative field and at least six years of risk analysis experience, with proficiency in R or Python and strong communication skills.

Qualifications

• A Bachelor's degree in Finance, Statistics, Economics, Actuarial Science, or related quantitative field.
• Minimum of 6 years of risk analysis experience, preferably in insurance or financial services.
• Experience in developing and implementing risk models and methodologies.
• Strong analytical and quantitative skills with data interpretation.
• Knowledge of Mossel Bay insurance underwriting principles.
• Proficiency in R and Python for data analysis.
• Certifications like FRM/PRM are advantageous.

Responsibilities

• Analyze risks across insurance product lines.
• Develop and refine risk models to predict losses and identify trends.
• Provide data-driven insights to underwriting and product teams.
• Collaborate with actuaries and underwriters on pricing.
• Monitor risk profile and report key risk indicators.
• Due diligence on new business opportunities.
• Ensure regulatory and internal risk compliance.
• Develop and deliver training on risk assessment.
• Stay updated on emerging risks and best practices.
• Contribute to the overall risk management framework.

Skills

Risk analysis

Analytical thinking

Communication skills

Education

Bachelor's degree in Finance/Statistics/Economics/Actuarial Science

Tools

R

Python

Job description

About the Role

Our client, a prominent player in the insurance industry, is seeking an experienced Senior Risk Analyst to join their esteemed underwriting division in Mossel Bay, Western Cape . This strategic role involves the comprehensive analysis of risks associated with potential insurance policies, contributing to the development of robust underwriting strategies and pricing models. The successful candidate will play a crucial part in ensuring the financial stability and profitability of the company by accurately identifying, quantifying, and mitigating potential exposures. This is an ideal position for a seasoned risk professional looking to contribute to a leading organisation.

Key Responsibilities

• Analyze and assess various types of risks across different insurance product lines.
• Develop and refine risk models to predict potential losses and identify trends.
• Provide data-driven insights and recommendations to the underwriting and product development teams.
• Collaborate with actuaries and underwriters to establish appropriate pricing and retention strategies.
• Monitor the risk profile of the insurance portfolio and report on key risk indicators.
• Conduct due diligence on new business opportunities and partnerships.
• Ensure compliance with regulatory requirements and internal risk management policies.
• Develop and deliver training on risk assessment and management principles to relevant staff.
• Stay updated on emerging risks and industry best practices in risk analysis and insurance.
• Contribute to the overall risk management framework of the organization.

Requirements

• A Bachelor's degree in Finance, Statistics, Economics, Actuarial Science, or a related quantitative field.
• A minimum of 6 years of experience in risk analysis, preferably within the insurance or financial services sector.
• Proven experience in developing and implementing risk models and methodologies.
• Strong analytical and quantitative skills, with the ability to interpret complex data sets.
• Knowledge of insurance underwriting principles and practices in Mossel Bay, Western Cape.
• Proficiency in statistical software (e.g., R, Python) and data analysis tools.
• Excellent communication and presentation skills, with the ability to convey technical information to non-technical audiences.
• Strong problem-solving abilities and strategic thinking capabilities.
• Ability to work independently and collaboratively within a team environment.
• Relevant professional certifications (e.g., FRM, PRM) are an advantage.

Benefits

• This Senior Risk Analyst position offers a highly attractive annual salary ranging from , commensurate with your extensive experience and expertise.
• Competitive medical aid plan.
• Robust retirement fund.
• Opportunities for annual performance bonuses.
• Ongoing professional development.
• Access to cutting-edge analytics tools.
• Collaborative work environment.
• Hybrid work model allows for a flexible balance between in-office collaboration and remote work, ensuring a productive and engaging experience in Mossel Bay, Western Cape.