Risk Management Analyst

Medline Industries, LP; Northfield (MN); On-site; 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 Industries, LP is seeking a Risk Management professional to support its global insurance program and risk control initiatives. You will work with brokers, insurers, consultants, and TPAs to identify and manage insurable risks to help Medline achieve its strategic objectives.

Key duties include gathering data for renewals, updating property values by location, issuing COIs, processing invoices, coordinating loss control programs, and assisting with claims.

Qualifications

• Bachelor’s degree required.
• At least 2 years in Finance, Risk Management, or related discipline.
• Understanding of insurance process.
• Ability to comprehend and navigate policy wording.
• Proficient with Outlook, Excel and Word, and strong communication skills.
• Travel up to 15% for business purposes.

Responsibilities

• Support insurance and risk programs with brokers, insurers, consultants, and TPAs.
• Gather data for renewals, update property values by location, issue COIs, and process invoices.
• Provide recommendations for policy updates and process improvements.
• Ensure receipt and accuracy of all insurance policies.
• Coordinate loss control programs and communicate risk mitigation strategies.
• Submit information for insurance claims and follow up with adjusters.

Skills

Insurance knowledge

Policy wording understanding

Communication

Organization

Data analysis

Time management

Detail orientation

Stakeholder management

Customer service

Education

Bachelor’s degree

Tools

Outlook

Microsoft Excel

Microsoft Word

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.

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

• health insurance
• life and disability
• 401(k) contributions
• paid time off

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
• access to the Employee Assistance Program
• Employee Resource Groups
• the Employee Service Corp.

Salary

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.

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

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.

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.