• Application Deadline: Tue, 14 Nov 2023 00:00:00 GMT
• Position: Insurance Risk Analyst


• Job Type Full Time


• Qualification BA/BSc/HND , MBA/MSc/MA


• Experience 4 - 10 years


• Location Lagos


• Job Field Insurance 
  


• Salary Range ₦400,000 - ₦500,000/month
  

Responsibilities:

• Risk Assessment: Analyze and evaluate potential risks related to insurance policies, claims, and underwriting processes. Identify and quantify risks associated with various insurance products.


• Data Analysis: Utilize statistical methods to analyze large datasets, identifying trends, patterns, and anomalies that could impact risk exposure. Collaborate with data teams to ensure accurate and timely data retrieval and interpretation.


• Modeling and Forecasting: Develop and maintain predictive models to assess the likelihood of different risk events occurring. Use historical data to forecast potential losses and contribute to pricing strategies.


• Risk Mitigation Strategies: Collaborate with cross-functional teams to develop strategies for minimizing risks. Recommend improvements to policies, procedures, and guidelines to enhance risk management efforts.


• Regulatory Compliance: Stay up-to-date with industry regulations and compliance standards. Ensure all risk assessment processes and strategies adhere to regulatory requirements.


• Reporting: Prepare comprehensive risk assessment reports for internal stakeholders and management. Clearly communicate complex risk analysis findings to non-technical audiences.


• Collaboration: Work closely with underwriters, claims professionals, actuaries, and other relevant teams to gather information and insights that contribute to a holistic risk assessment.


• Continuous Improvement: Identify opportunities to enhance risk assessment methodologies, streamline processes, and improve overall efficiency.


• Emerging Trends: Stay informed about emerging risks and trends in the insurance industry. Proactively provide insights on how these trends might impact the company's risk profile.

Qualifications:

• Bachelor's degree in Risk Management, Actuarial Science, Mathematics, Statistics, or a related field. Master's degree is a plus.


• years of experience as an Insurance Risk Analyst or in a similar role within the insurance sector.


• Strong understanding of insurance products, policies, and underwriting processes.


• Proficiency in data analysis and statistical modeling techniques.


• Familiarity with risk assessment software and tools.


• Excellent communication skills, both written and verbal, to convey complex risk analysis to various stakeholders.


• Detail-oriented with strong problem-solving skills.


• Ability to work collaboratively within cross-functional teams.


• Knowledge of regulatory compliance within the insurance industry.


• Professional certifications such as the Chartered Insurance Institute of Nigeria  (CIIN) is a plus.