Risk Management Analyst

Medline Industries, Inc.; Northfield (MN); On-site; USD 73,000 - 110,000; Full time

Benefits offered by this job

Health insurance

401(k) contributions

Paid time off

Employee Assistance Program

Job summary

Medline Industries, LP seeks a risk management specialist to support its global insurance program and risk control initiatives. You will work with brokers, insurers, and TPAs to gather data, update property values, issue certificates, and review policy wording.

You will coordinate loss control efforts and assist with claims, while leveraging risk systems for tracking and reporting. Ideal candidates have a bachelor’s degree, at least two years in finance or risk management, strong

Qualifications

• Bachelor’s degree is required.
• Minimum 2 years in Finance, Risk Management, or related field.
• Experience with insurance processes and policy wording.

Responsibilities

• Support insurance and risk programs with brokers, insurers, and TPAs.
• Coordinate loss control programs and implement risk mitigation strategies.
• Prepare data for insurance renewals and manage claims with adjusters.
• Utilize Risk Management Information System for tracking and reporting.

Skills

Insurance knowledge

Excel

Outlook

Word

Communication

Organizational skills

Customer service

Data analysis

Time management

Detail oriented

Stakeholder management

Travel readiness

Education

Bachelor’s degree

Tools

SAP

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.

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.

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.