Senior Insurance Risk Analyst

Our client, a leading name in the financial services sector, is seeking a highly analytical and detail-oriented Senior Insurance Risk Analyst to join their dynamic team in
** Johannesburg**. This pivotal role involves assessing and mitigating various risks inherent in insurance operations, ensuring the financial health and stability of the organization. The successful candidate will play a crucial part in developing and implementing risk management strategies, contributing significantly to strategic decision-making and regulatory compliance. This position offers an excellent opportunity for a seasoned professional to make a substantial impact within a reputable company.

The role is primarily office-based but offers a flexible Hybrid work arrangement, allowing for a balance between in-office collaboration and remote work. We are looking for an individual with a strong understanding of the insurance industry and a proven track record in risk assessment and management. The ideal candidate will possess exceptional problem-solving skills and the ability to translate complex data into actionable insights.

This is a challenging yet rewarding career move for someone passionate about risk management in the insurance domain.

• Develop and implement sophisticated risk models to identify, assess, and quantify financial and operational risks.
• Monitor and analyze market trends, economic conditions, and regulatory changes impacting the insurance portfolio.
• Prepare comprehensive risk reports for senior management and regulatory bodies, highlighting key findings and recommendations.
• Collaborate with underwriting, claims, and actuarial departments to integrate risk management principles into their processes.
• Design and conduct stress testing and scenario analysis to evaluate the resilience of the company's capital and liquidity.
• Propose and implement risk mitigation strategies and controls to minimize potential losses.
• Stay abreast of emerging risks and best practices in risk management within the insurance industry.
• Contribute to the development and refinement of the company's risk appetite framework.
• Effectively communicate complex risk concepts to non-technical stakeholders.

• A Bachelor's or Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A minimum of 5 years of progressive experience in risk management, preferably within the insurance or financial services industry.
• Strong understanding of insurance products, operations, and regulatory requirements (e.g., Solvency II, IFRS 17).
• Proficiency in risk modeling software and statistical analysis tools (e.g., Python, R, SQL, Excel VBA).
• Excellent analytical, critical thinking, and problem-solving skills.
• Demonstrated ability to interpret complex data and present findings clearly and concisely.
• Strong communication and interpersonal skills, with the ability to build relationships across departments.
• Experience with regulatory reporting and compliance is highly desirable.
• Professional certifications such as FRM, PRM, or CFA are an advantage.
• Must be legally eligible to work in
  ** Johannesburg**.

• Competitive annual salary package and performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Generous paid time off and annual leave allowance.
• Opportunities for professional development, training, and further certifications.
• A dynamic and collaborative work environment with a focus on employee growth.
• Access to cutting-edge technology and analytical tools.
• Hybrid work model promoting work-life balance.
• Pension fund with excellent benefits.
• Regular team-building activities and social events.