Risk Management Analyst

Job Description

Position Summary:

The Risk Management Analyst is responsible for assisting in the overall management of comprehensive corporate risk management/insurance programs with a concentration on risk identification, risk transfer, and risk retention techniques.

Key Duties and Responsibilities:

Manage day-to-day interaction between managers, brokers, and insurers related to risk management and insurance issues.

Set up and maintain all HOA insurance programs (general liability, umbrella, property, D&O, crime, and workers' compensation.) Manage premium installments process and annual budgets.

Assist Director with understanding insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.

Review and analyze construction trends. Collaborate with construction and legal departments to develop appropriate safety and loss control training, policies, and procedures.

Work in conjunction with legal departments to manage claims and settlements processes (workers' compensation, general liability, and builder's risk).

Maintain knowledge of trends in construction insurance industry, including thorough working knowledge of insurance products, coverage, and pricing.

Provide back-up to Manager of Subcontractor Insurance using MyCOI for subcontractor certificates of insurance evaluation and review. Provide appropriate prequalification feedback on subcontractor partners.

Assist Director with compilation and development of data for annual renewal of corporate property and casualty insurance program, including management of brokers, approval of submissions, and negotiation of terms and premiums.

Assist with budgets, forecasts, and financial reports, including the analysis of annual insurance premiums, financial performance or insurance programs, and determination of billing rates and premium allocations.

Assist with internal communication and strategies related to all risk management initiatives.

Other related duties as assigned by management.

Education & Experience:

Bachelor's Degree required.

Minimum 5-7 years risk management experience; or combination of education and experience.

ARM and/or CPCU designation preferred.

Skills & Abilities:

Possess strong Microsoft Word and Excel skills, database knowledge, and large ERP accounting systems experience.

Excellent communication skills (verbal and written); ability to communicate and interact with all levels of management, brokers, carriers and underwriters.

Demonstrated critical thinking skills and ability to resolve problems and issues as they arise.

Proven experience/expertise in reading and comprehension of contracts, insurance documents and certificates of insurance.

Full-time