Risk Engineer II, Equipment Breakdown

Chubb Life Fund; Cleveland, Northern (OH, KY); Hybrid; USD 90,000 - 120,000; Full time

Job summary

The Risk Engineer II, Equipment Breakdown at Chubb Life Fund conducts risk evaluations, assesses exposures and controls, and develops loss estimates to inform underwriters and clients.

Responsibilities include boiler and pressure inspection programs, identifying hazards, recommending corrective actions, and generating reports that detail insurability and potential loss. The role supports the global consultancy services offered to clients.

Job description

The Risk Engineer II, Equipment Breakdown performs risk evaluations, evaluates exposures and controls, develops meaningful loss estimates, and communicates findings to business partners. Responsibilities include the application of critical thinking to determine the adequacy of controls, the likelihood of loss, the magnitude of loss, and overall insurability. This position is in the Ohio area.

This position will conduct boiler and pressure inspections in accordance with jurisdictional rules by performing thorough examinations, identifying hazardous conditions, applying appropriate codes and standards, recommending corrective action, and submitting required reports. The Risk Engineer explains to the customer how these recommendations impact their business and appropriate courses of action. Position will also perform claims investigations which include evaluating the elements of the accident, extent of damage, damage verification, invoice review, and cause of loss. Provides risk improvement services to customers, including identifying exposures with significant loss potential, investigation of losses and evaluation of preventative maintenance management programs. Written reports will include evaluations of equipment breakdown and business interruption exposures, which will assist underwriters in evaluating risks and assigning proper premium for the exposure. Responsibilities include the development of risk evaluation reports, recommendations, and other risk assessment documentation. The position will support Chubb’s global consultancy, including client assistance through sourcing and delivering sustained and contracted service offerings.