Senior Captive Insurance Finance & Risk Analyst

Cummins; Indianapolis (IN); On-site; USD 80,000 - 110,000; Full time

Job summary

Cummins Inc. is seeking a Finance professional to partner with captive administrators, actuaries and consultants.

You will analyze and support financial transactions and claims for the captive and risk management team, aiding financial reporting and governance activities. You will provide analytic support for domestic and international insurance programs across property, liability and other lines, preparing complex analyses and reports.

Qualifications

• College, university or equivalent degree required in Finance, Accounting, Treasury or Insurance related field.
• Intermediate level of relevant professional work experience in the field of study required.
• Professional certifications preferred (ARM, CPCU, CPA, CCI, ACI, or similar).
• Project management, communication and collaboration skills are preferred.

Responsibilities

• Provides analytic support on domestic and international insurance programs including: Property, Marine, General Liability, Professional liability, Crime, Auto, Products liability, and Employers Liability.
• Responsible for the preparation of complex and interpretive financial analyses and reports.
• Coordinates captive financial aspects, including monthly financial reports, year-end financial report, investment, tax, and captive service level agreement.
• Monitors renewal progress and premium cessions by lines with Global Risk Managers.
• Performs cash management including approval of payments.
• Coordinates collection and review of data by line of coverage in support of actuarial loss studies for policy renewals and budget determination.
• Participates in regular claim review and analysis, including monthly captive insurance company reporting, quarterly large claim review with the Claims team and third-party claims administrator.
• Provides analysis and oversight of various large property and casualty claims; performs claim trend analysis and monitoring.
• Prepares and facilitates captive meetings, including the annual Board of Director meeting in Vermont, quarterly Advisory Committee meetings, and quarterly finance reviews.
• Manages financial transactions of acquired group captive insurance programs and run-off insurance programs; manages internal communications, tracks/ monitors third party captive administrator.

Education

College degree in Finance, Accounting, Treasury or Insurance related field

Job description

Cummins Inc. is seeking a Finance professional to partner with captive administrators, actuaries and consultants.

You will analyze and support financial transactions and claims for the captive and risk management team, aiding financial reporting and governance activities. You will provide analytic support for domestic and international insurance programs across property, liability and other lines, preparing complex analyses and reports.