Risk Management Analyst

The Rockridge Group; Fairfield Township (NJ); Hybrid; USD 70,000 - 100,000; Full time

Job summary

The Rockridge Group in Fairfield, NJ (Hybrid) seeks a Risk Management Analyst to join our global risk management team. The role reports to the Senior Director of Risk Management and covers policy management, underwriting information coordination, and claims handling, including certificates of insurance and surety bonds.

The ideal candidate will participate in risk analysis studies, help develop risk management processes, and communicate findings to stakeholders.

Qualifications

• Bachelor's degree in Business Administration or related field.
• 5-7 years insurance experience in broker, insurer or risk management preferred.
• Proficiency with Microsoft Word, Excel and PowerPoint.

Responsibilities

• Partner with insurance brokers and finance leadership to manage global insurance programs.
• Track claims, conduct investigations, and maintain claims data for litigation.
• Develop metrics for claims by type, cause, and severity to identify trends.

Skills

Analytical skills

Communication skills

Attention to detail

Team player

Multi-tasking

Problem solving

Education

Bachelor's degree in Business Administration or related field

Tools

Microsoft Word

Microsoft Excel

PowerPoint

Job description

Job Title

Risk Management Analyst

Location

185 US-46, Fairfield, NJ 07004, United States (Hybrid)

Job Summary

The Risk Analyst will report to the Senior Director of Risk Management, who is responsible for global Risk Management. The primary responsibilities will include insurance policy management, coordination and review; Working with various departments to compile and analyze underwriting information; Claims management, certificates of insurance, and surety bonds.Participating in risk analysis studies and the development and execution of risk management processes. Candidates must be creative, have excellent analytical and communication skills and thrive in a high-performance culture. Strong customer service to OUTFRONT’s internal customers is vital.

Essential Functions

Partner with insurance brokers, third party administrators, and finance leadership to manage comprehensive and thoughtful global insurance and risk management programs for the company including property and casualty, worker’s compensation, cyber, and executive risk programs through analysis of internal information, meetings with business leaders, and negotiations with insurance vendorsTrack claims, direct investigations, monitor reserves and maintain databasesBenchmark TPA adjuster performanceCompile, organize, maintain data and files for claims in litigation for discoveryPartner with Safety and Operations Manager to triage serious incidentsDevelop metrics for claims by type, cause, frequency and severity in order to identify trends and communicate them to managementBuild and maintain strong relationships with TPA claim’s adjusters, outside legal counsel and internal business partnersPursue subrogation/recovery from third partiesAssist in reviewing business contracts to ensure compliance with established corporate guidelinesOversee issuance of certificates of insurance and auto insurance identification cardsObtain and maintain surety bonds, files and process paymentsParticipates in the development and execution of risk management processes including identifying and analyzing exposures to loss, researching mitigation Strategies through insurance productsPrepare annual insurance and risk management overview for executive managementConduct invoice audits for accuracy

Additional Skills

Strong analytical, written and oral communication skillsAbility to work independently and as part of a team on simultaneous projects or initiativesAbility to multi-task and transition between tasks while maintaining attention to detail and accuracyGood analysis, research, andproblem-solvingskillsGood organizational skills, detail oriented, and ability to prioritizetasks,good follow-up skills

Education and/or Experience

Bachelor's degree in Business Administration or a related fieldInsurance experience (5-7 years) within broker, insurer or risk management department preferred.Understanding of risk management, insurance, and contractual liability conceptsProficiency with Microsoft Word, Excel and PowerPoint