Risk Management Analyst

Medline; Chicago (IL); Hybrid; USD 73,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Life and disability

401(k) contributions

Paid time off

Job summary

Medline is seeking a Risk Management professional to support the company’s global insurance program and risk control initiatives. You will collaborate with brokers, insurers, and TPAs to gather data, analyze exposures, and renew policies, while implementing loss control measures.

The role requires 2+ years in finance or risk management, strong insurance process knowledge, and proficiency with Outlook, Excel and Word. Travel up to 15% may be required.

Qualifications

• Bachelor’s degree required.
• At least 2 years of Finance, Risk Management, or related discipline.
• Understanding of insurance process.
• Ability to comprehend and navigate policy wording.
• Advanced knowledge of Outlook, Microsoft Excel, and Word applications.
• Excellent communication and organizational skills.
• Strong customer relationship skills.
• Experience analyzing and reporting data to drive improvement and find solutions.
• Experience prioritizing and tracking multiple projects with deadlines.

Responsibilities

• Support Medline's insurance and risk programs by working with brokers, insurers, consultants, and TPAs.
• Gather, analyze, and provide data for insurance renewal, update property values by location, issue certificates of insurance, and process insurance invoices.
• Provide recommendations for updates to policies, practices and processes.
• Ensure receipt of all insurance policies and review policy wording for accuracy.
• Gather global exposures for the insurance program and work with accounting to allocate premiums.
• Coordinate loss control programs between Medline and insurance carriers to support risk improvement.
• Attend loss control surveys to communicate risk mitigation strategies.
• Work with location contacts to implement solutions and reduce risk.
• Compile information to submit insurance claims; follow up with adjusters to ensure payment.
• Support risk management services including risk consulting, contract reviews, vendor COI tracking, business continuity, and budgeting needs.
• Continuously improve the risk management program and utilize the Risk Management Information System.

Skills

Outlook

Excel

Word

Insurance knowledge

Policy wording

Data analysis

Time management

Customer service

Stakeholder mgmt

Education

Bachelor’s degree

Tools

SAP Risk Management

Origami Risk

Job description

Job Summary

Responsible for supporting risk management activities at Medline including the execution of Medline's global insurance program and risk control initiatives. Work with key risk stakeholders to identify, measure, and manage insurable risks to achieve strategic objectives.

Job Description

Major Responsibilities

• Support Medline's insurance and risk programs by working with third party service providers including brokers, insurers, consultants, and TPAs.
• Gather, analyze, and provide data for insurance renewal, update property values by location, issue certificates of insurance, and process insurance invoices.
• Provide recommendations for updates and alterations to the policies, practices and processes as necessary.
• Ensure receipt of all insurance policies and review policy wording to confirm accuracy.
• Gather global exposures for the insurance program across the Company and work with accounting to allocate the insurance premiums.
• Coordinate loss control programs between Medline and insurance carriers in support of risk improvement.
• Attend loss control surveys to communicate Medline's risk mitigation strategies.
• Ensure understanding of insurance company recommendations to improve business practices.
• Work with location contacts to implement solutions and reduce Medline's risk.
• Compile required information from various sources in order to submit insurance claims.
• Follow-up with adjusters and business partners to ensure accurate payment of claims.
• Support broader risk management services, such as risk consulting to business partners, contract reviews, vendor COI tracking, business continuity and certain budget and financial needs.
• Continuously improve the company's risk management program.
• Utilize Medline's Risk Management Information System for tracking, reporting, and collecting required insurance information.
• Validate and enhance existing data as new information is gathered.

Minimum Job Requirements

• Education: Bachelor’s degree.
• Work Experience: At least 2 years of Finance, Risk Management, or related discipline.
• Knowledge / Skills / Abilities: Understanding of insurance process.
• Ability to comprehend and navigate policy wording.
• Advanced knowledge of: Outlook, Microsoft Excel, and Word applications.
• Excellent communication and organizational skills.
• Must have strong customer relationship skills.
• Experience analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and find solutions.
• Experience using time management skills such as prioritizing/organizing and tracking details and meeting deadlines of multiple projects with varying completion dates.
• Detail oriented with a strong sense of follow-up and completion.
• Ability to work with a diverse set of stakeholders and provide excellent customer service.
• Willing to travel up to 15% of the time for business purposes (within state, out of state, and international).

Preferred Job Qualifications

• Certification / Licensure: ARM.
• Work Experience: Intermediate skill level in SAP Risk Management experience in a corporate environment or experience working with insurance brokers.
• Experience with Origami Risk.
• Prior experience in the healthcare or life sciences industries.

Benefits & Compensation

Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

The anticipated salary range for this position: $73,000.00 - $110,000.00 Annual The actual salary will vary based on applicant’s location, education, experience, skills, and abilities.

This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.

Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average.

For roles where employees work less than 30 hours per week, benefits include 401(k) contributions, paid time off, as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp.

For a more comprehensive list of our benefits please click here.

Company Culture & Values

We’re dedicated to creating a Medline where everyone feels they belong and can grow their career.

We strive to do this by seeking diversity in all forms, acting inclusively, and ensuring that people have tools and resources to perform at their best.

Explore our Belonging page here.

Medline Industries, LP is an equal opportunity employer.

Medline evaluates qualified individuals without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, neurodivergence, protected veteran status, marital or family status, caregiver responsibilities, genetic information, or any other characteristic protected by applicable federal, state, or local laws.

Through our culture of belonging, our agile and resilient global team is determined to get our customers exactly what they need, at the right time, every time.

If you’re a self-starter, eager to grow your career within a high-performing environment, this is the place for you.

Introduce yourself to our recruiters and we'll get in touch if there's a role that seems like a good match.

Medline is the largest provider of medical-surgical products and supply chain solutions serving all points of care. Through its broad product portfolio, resilient supply chain and leading clinical solutions, Medline helps healthcare providers improve their clinical, financial and operational outcomes.

Headquartered in Northfield, Illinois, the company employs more than 43,000 people worldwide and operates in more than 100 countries and territories.

To learn more about how Medline makes healthcare run better, visit www.medline.com.