SUMMARY
Responsible for continuous collaboration with the team by interacting with internal claim managers, business associates, and brokers; along with outside counsel and third parties. This position is an integral part of the Corporate Risk Management Department in both a technical and operational side of the organization. Duties may include claims reporting and analysis, data analysis and collection, contract reviews and negotiations, large corporate insurance program administration that will include: budgeting, policy summary and language comparison reviews, and other needs as assigned.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Analyzes and compares current exposures and can develop renewal specifications for marketing.
- Identifies and proactively addresses year over year changes in underwriting data, general data calculations, and claim values
- Collaborates with Claim Managers on claims management, claim reviews, and overall claim communication.
- Advises on total cost of risk for insurance premiums, and claims.
- Analyzes and Advises on the insurance renewal process, marketing results, and renewal strategies.
- Coordinates directly with Claims Managers, Legal and Business teams to ensure timely handling of DOI's and Subpoena's.
- Performs reviews and negotiations on: client contracts, RFP request, and Vendor Selection.
- Analyzes financial statements.
- Collaborates with multiple internal departments, business leaders, brokers and underwriters.
- Identifies problems and proactively problem solves.
- Provides instruction and training as needed for team members.
QUALIFICATIONS
EDUCATION / EXPERIENCE
- Bachelor's Degree in business, finance, accounting or equivalent combination of education and experience
- Three (3) or more years of Experience collaborating with corporate departments, clients, attorneys, and carriers
- Five (5) or more years of Experience with insurance procurement, placement or insurance risk management
- Five (5) or more years of Strong property & casualty background, employee benefits, and/or agency operations
- Three (3) or more years of Experience with claim management software, or database management
- Experience with Corporate Risk Management Information System (RMIS) data standards, design, reports and data integrity.
- Property Casualty Insurance Licenses, Associate in Risk Management, Certified Property and Casualty Underwriter (CPCU)
SKILLS
- Ability to work within a team and to foster teamwork
- Advanced skills in Microsoft Office products
- Excellent verbal and written communication skillsStrong analytical and quantitative skills
- Proactive, Advanced planning, organizational and time management skills
- Excellent attention to detail and solid problem solving skills
- Advanced understanding of insurance policy language and its respective meaning in order to compare for accuracy and analysis
- Self management required with high persistency for all renewals, management of projects and initiatives
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