Insurance Risk Analyst at Estrada International Staffing Solutions

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.