Risk Management Analyst Job Vacancy in Harar, Ethiopia – Insurance

Job Description

Position:Risk Management Analyst

Company:Allianz Ethiopia

Location:Harar, Ethiopia

Experience:2-4 years in risk analysis, insurance, or related fields

Education:Bachelor’s degree in Finance, Economics, Actuarial Science, or related field

Employment Type:Full-time

Industry:Insurance

Department:Risk Management

Salary:SSP 250,000 – 350,000 per month

Vacancies:1

Company Overview

Allianz Ethiopia is a leading global insurance and financial services provider with a strong commitment to protecting individuals, families, and businesses across the nation. Operating under the reputable Allianz Group, the company brings over a century of expertise in risk mitigation, asset protection, and innovative insurance solutions. In Ethiopia, Allianz has built a robust network of agents, digital platforms, and customer service centers, delivering tailored products that meet the evolving needs of a dynamic market. The organization values integrity, customer focus, and continuous improvement, fostering a culture where employees are empowered to make impactful decisions. As part of its expansion strategy, Allianz Ethiopia is investing in technology, data analytics, and talent development to enhance underwriting precision and claim efficiency, positioning itself as a trusted partner for risk management in the region. This growth creates exciting career opportunities for professionals seeking to contribute to a forward‑thinking, internationally recognized insurer.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and monitoring insurance risks across Allianz Ethiopia’s portfolio. Working closely with underwriting, actuarial, and claims teams, the analyst will develop risk models, conduct quantitative analyses, and provide actionable insights to support strategic decision‑making. This position offers exposure to a wide range of insurance products, including property, casualty, health, and life, and involves collaboration with regional offices and global risk experts. The role is essential for maintaining the company’s strong risk culture and ensuring compliance with regulatory standards. Candidates will engage in data‑driven projects, contribute to the development of risk mitigation strategies, and support the continuous improvement of risk assessment tools. https://ethiopiajobssearch.com

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Key Responsibilities

• Collect and analyze internal and external data to evaluate insurance risk exposures.
• Develop and maintain statistical risk models for underwriting and pricing.
• Prepare risk assessment reports for senior management and regulatory bodies.
• Collaborate with underwriting teams to refine risk selection criteria.
• Monitor emerging risk trends and recommend proactive mitigation measures.
• Support the implementation of risk management software and data visualization tools.
• Assist in the preparation of capital adequacy and solvency calculations.
• Participate in cross‑functional projects aimed at enhancing operational resilience.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical software (e.g., R, Python, SAS).
• Understanding of insurance principles, underwriting processes, and regulatory frameworks.
• Excellent written and verbal communication skills for report preparation and stakeholder interaction.
• Attention to detail and ability to work with large data sets.
• Problem‑solving mindset with a proactive approach to risk identification.
• Team player who can collaborate across departments and cultures.
• Knowledge of data visualization tools such as Power BI or Tableau is a plus.
• Fluency in English; knowledge of Amharic or local languages is advantageous.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Actuarial Science, Statistics, or a related discipline is required. Advanced certifications such as FRM (Financial Risk Manager) or actuarial qualifications are considered an asset and demonstrate a commitment to professional development.

Experience

Applicants should have 2‑4 years of relevant experience in risk analysis, insurance underwriting, actuarial work, or a similar analytical role within the financial services sector. Experience with risk modeling, data analytics, and regulatory reporting will be highly valued.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and retirement benefits.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus.
• Professional development allowance.
• Flexible working hours and remote work options.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Allianz’s risk framework and systems.
• Access to internal and external risk management courses.
• Mentorship from senior risk analysts and actuaries.
• Opportunities to attend industry conferences and seminars.
• Continuous learning through Allianz’s digital learning platform.

Working Environment

Allianz Ethiopia offers a collaborative, inclusive, and technology‑enabled workplace located in Harar’s modern business district. Employees benefit from open‑plan offices, meeting rooms equipped with video‑conferencing tools, and a supportive culture that encourages innovation. The company promotes work‑life balance through flexible schedules, remote work possibilities, and a focus on employee well‑being.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online application portal on the Allianz Ethiopia careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an assessment center exercise.

Equal Opportunity Statement

Allianz Ethiopia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, religion, disability, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.