Insurance Risk Analyst at Estrada International Staffing Solutions

Estrada International Staffing Solutions is a strategic boutique specialist recruitment consulting firm, serving clients with expertise recruitment services across all sectors ranging from Banking, Insurance, Oil and Gas, Telecommunications, FMCGs and Construction, with the aim of satisfying their recruitment needs.

We are recruiting to fill the position below:

Job Title: Insurance Risk Analyst

Location: Lagos
Employment Type: Full-time

Job Description

• The successful candidate will play a crucial role in assessing and managing risks associated with our insurance operations.

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.

Pay
N500,000 (Subject to increase based on the quality of the candidate).

Application Closing Date
25th October, 2023.