Analyst II - Risk Management

PODS; Clearwater (FL); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Analyst II for Risk Management to enhance their corporate risk management and insurance program. This role involves analyzing loss data, creating risk forecasting models, and collaborating with various teams to ensure effective policy management. The ideal candidate will have a strong background in risk management, finance, or business administration, along with advanced skills in data analysis tools like Microsoft Excel and Power BI. Join a forward-thinking organization where your analytical skills will contribute to strategic decision-making and risk improvement initiatives.

Qualifications

• Bachelor’s degree in relevant field or equivalent experience required.
• 2-4 years of professional experience in risk management or insurance.

Responsibilities

• Analyze and report loss data to support risk management initiatives.
• Create risk forecasting models and collaborate with cross-functional teams.

Skills

Data Analysis

Risk Management

Communication Skills

Strategic Thinking

Education

Bachelor’s degree in Risk Management

Bachelor’s degree in Finance

Bachelor’s degree in Business Administration

Tools

Microsoft Excel

Power BI

Risk Management Information System (RMIS)

Job description

The Analyst II- Risk Management supports all aspects of the corporate enterprise-wide risk management and insurance program, including analyzing and reporting loss data, compilation of underwriting information, and claims administration support.

This role analyzes the Insurance and Enterprise Risk Profile of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, financial reporting, and surveys. Creates risk forecasting models and reporting using business intelligence tools. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assists with gathering internal documentation for insurance renewals and supporting the renewal process.
2. Coordinate with insurance providers to process policy endorsements and other policy related transactions.
3. Track and analyze claims data to identify trends, patterns, and potential areas for risk improvement.
4. Create reports and dashboards using the Risk Management Information System (RMIS) for internal stakeholders.
5. Assist in maintaining the risk management budget and administration of invoices.
6. Assist with the preparation of Enterprise Risk Management surveys, questionnaires, heat maps, etc.
7. Work with the insurance brokerage service to issue Certificates of Insurance (COI’s) as needed.
8. May perform other duties and responsibilities as assigned.

MANAGEMENT & SUPERVISORY RESPONSIBILITIES

Reports to the Director of Risk Management. Job is NOT directly responsible for managing other employees (e.g., hiring/termination and/or pay decisions, performance management).

JOB QUALIFICATIONS: Essential Skills, Abilities and Example Behavior(s)

1. RESULTS ORIENTATION: Able to see the 'big picture' and be future thinking; Able to anticipate future trends and consequences accurately; Able to take a broad perspective; Able to create a vision of organizational objectives; Able to make decisions based on long-term company goals.
2. CHARACTER: Able to effectively gather all relevant information; Able to identify key issues; Able to qualitatively and/or quantitatively process data; Able to identify relationships, draw logical conclusions and interpret results for use in decision-making.
3. HIGH STANDARDS: Able to use effective communication and interpersonal skills to convince others to accept ideas or goals (with or without the formal authority of a higher position); Able to gain agreement and commitment from others to support and implement methods or processes.
4. STRATEGIC THINKING: Able to use effective communication and interpersonal skills to convince others to accept ideas or goals (with or without the formal authority of a higher position); Able to gain agreement and commitment from others to support and implement methods or processes.

JOB QUALIFICATIONS: Education & Experience Requirements

1. Bachelor’s degree in risk management, Finance, Business Administration, predictive analytics, or a related field, or similar proven experience in a Corporate Risk Management Department or Commercial Insurance Brokerage (as equivalency for degree).
2. 2 – 4 years of professional experience required.
3. Advanced Microsoft Excel Skills required.
4. Advanced Power BI Skills a plus Intermediate Skills required.