Risk Analyst

SUMMARY

- Collect and manage current and historical exposure information and prepare annual underwriting submissions on a timely basis for all risk financing/insurance program
- Analyze loss experience at the location, business unit, and corporate level to identify trends; maintain data communication with Safety Department on a timely basis
- Evaluate of risk financing alternatives, adequacy of limits and make recommendations
- Check accuracy of insurance policies, prepare insurance coverage summaries
- Coordinate audits of insurance programs
- Arrange for timely payment of all costs associated with the cost of risk; keep accurate records of risk management expenses, including loss costs
- Prepare annual insurance and risk management budget and cost of risk allocations to business units
- Manage compliance with state regulations for workers compensation in self-insured and monopolistic states
- Analyze cost benefit of various programs and procedures within risk management
- Assist with insurance and risk management due diligence reviews for mergers and acquisitions
- Provide ongoing risk management support and assistance as needed
- Assist in the development of and maintain communication tools for senior management and operating personnel describing risk management policies and programs.
- Update the annual Risk Management Policy Digest and Insurance Coverage Summary and other pertinent documentation as required
- Provide expertise in policy and coverage interpretation to operating company personnel
- Assist in implementing workers compensation management system and reports
- Review losses, prepare loss triangles for reserve analysis

SKILLS:

EXPERIENCE

- Minimum of three years within a risk management environment or insurance company or brokerage experience handling national or global accounts
- Demonstrated capabilities in the major areas of responsibilities described above
- Excellent oral and written communication skills
- Strong interpersonal skills; must be able to interface with all levels of personnel at operating units and corporate staff
- Heavy administrative and organizational skills; must be detail oriented and comfortable working with numbers
- Computer skills, experienced in Windows environment, Word, Excel, Access, and Lotus Notes software and use of on-line claims data systems
- Time management skills, flexible and able to handle a variety of tasks simultaneously