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Insurance Risk Management Analyst

Company:
Employment Enterprises, Inc.
Location:
Kings Park West, VA, 22032
Posted:
April 25, 2024
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Description:

Employment Enterprises is currently working with one of the region’s largest privately-owned real estate developers. We are looking for an Insurance Risk Management Analyst to join a dynamic team responsible for The compilation of underwriting information and coverage placement, claims administration oversight and investigation, loss forecasting, and analysis to assist in loss mitigation, as well as support and consult with internal stakeholders, and assist in protecting and managing the brand and reputation of the company. This is a direct hire position located in Fairfax, Virginia.

Insurance Risk Management Analyst Responsibilities:

Collaborate with internal stakeholders to gather relevant data and information for insurance underwriting purposes for annual policy renewals or insurance quotes.

Maintain tables of property and business interruptions values, general liability exposures, fine arts, etc.

Assist in evaluating the organization's risk exposure and identifying appropriate insurance coverage options.

Maintain accurate records of insurance policies, including coverage details, policy limits, and renewal dates.

Assist VP Risk Management in monitoring policy compliance and update stakeholders on any changes to insurance requirements or regulations.

Coordinate with insurance providers to process policy endorsements, cancellations, and other policy-related transactions.

Facilitate the timely reporting of insurance claims and ensure all necessary documentation is provided.

Collaborate with internal teams and external adjusters to manage and expedite the claims process to bring the claim to closure or an expedited subrogation.

Utilize statistical and financial modeling techniques to forecast potential losses and assess their impact on the organization.

Track and analyze historical loss data to identify risk trends and recommend strategies to reduce future losses.

Assist the VP of Risk Management on comprehensive reports and presentations to senior management, highlighting risk exposures and proposing risk mitigation measures.

Work closely with operational teams to implement risk management best practices and preventive measures.

Coordinate risk assessments and recommend risk mitigation strategies for new projects, initiatives, or business processes.

Collaborate with cross-functional teams to develop and implement safety programs and loss prevention strategies, as needed.

Stay up to date with relevant laws, regulations, and industry standards related to insurance and risk management.

Prepare regular risk management reports for departmental and executive review, as required.

Coordinate risk analysis and loss control services with plant managers, insurance carriers and brokers.

Assist VP of Risk Management with the management and administration of the company’s business continuity and disaster recovery programs.

Develop and maintain risk management budget and administration of invoices for approval by the VP of Risk Management

Assist in the oversite of the certificate tracking third party administrator and assist in the certificates of insurance compliance process.

Other risk management duties as assigned.

Insurance Risk Management Analyst Qualifications:

Bachelor’s Degree in Risk Management, Business, Finance, or a related field or equivalent progressive experience in risk management or insurance-related field.

A minimum of 3 years of relevant experience in risk or insurance.

Ability to be detail-oriented, organized, and able to multi-task in a fast-paced and dynamic environment.

Excellent written, oral, and interpersonal communication and presentation skills.

Must be capable of working independently and in a team.

Must possess general knowledge of casualty and property insurance programs.

Requires a basic level of administration (data entry, organization, etc.).

Proficiency in Microsoft Office software (Word, PowerPoint Excel, and Outlook).

Ability to analyze data and draw sound conclusions.

Ability to provide exemplary customer service.

Excellent verbal and written communication skills.

Excellent computer proficiency (MS Office – Word, Excel, and Outlook. PowerPoint is a plus).

High levels of integrity, work ethic and dependability.

Experience in overseeing complex management of various insurance claims.

Prior experience in Property, Casualty, and/or Specialty Lines of Insurance

Certification in Associate in Risk Management (ARM) or Chartered Property & Casualty Underwriter (CPCU)

Experience with risk/claims management information database software.

Ability to work with internal and external stakeholders.

What we offer:

Paid Time Off

Holiday pay

Health Insurance

Dental Insurance

401K

Life Insurance and disability

“Our Equal Employment Opportunity Policy: Employment Enterprises, Inc. is an equal employment opportunity employer. We recruit, employ, assign, train, compensate and promote without regard to race, color, sex, age, disability, religion, national origin, marital status, sexual orientation, ancestry, U.S. Veteran status, or any other protected category under applicable law.”

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