Senior Insurance Analyst

Exelon Corporation; Washington (District of Columbia); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Annual salary range

Annual bonus

401(k) match

Medical/dental/vision insurance

Life and disability insurance

Generous paid time off

Employee Assistance Program

Wellbeing programs

Referral bonus

Job summary

Exelon Corporation is seeking a skilled professional to execute corporate policy for insurance and risk retention programs. The role administers third-party and self-insured programs, interfacing with brokers and insurer staff to manage costs and compliance.

Primary duties include coordinating programs, evaluating exposures, and supporting negotiations of coverages. Strong analytical ability and industry knowledge are essential for success in this multi-location posting.

Qualifications

• Undergraduate degree in risk management & insurance, accounting, finance, engineering or related degree.
• 5+ years experience in insurance or risk management.
• Knowledge of risk management principles and insurance markets.
• Ability to analyze insurance decisions and their impact on Exelon and its subsidiaries.

Responsibilities

• Assist in the coordination of the corporate insurance program and the management of risks through the administration of third party and self-insured programs. (30%)
• Identify and evaluate corporate risk exposures. Make recommendations to Insurance Department Leadership for addressing these exposures. (20%)
• Coordinate specific corporate insurance programs and represent corporate interests with brokers and insurers. (30%)
• Support the negotiation of specific insurance coverages, review insurance contracts, administer insurance policies, and ensure compliance with governmental regulations. (20%)
• Perform analytical and administrative tasks necessary to support the management of specific lines of insurance coverage.

Skills

Risk management

Insurance

Analytical skills

Knowledge of insurance markets

CPCU/ARM designation

Budget/ cost analysis

Education

Undergraduate degree in risk management & insurance, accounting, finance, engineering or related degree

Job description

Who We Are

We're powering a cleaner, brighter future.

Exelon is leading the energy transformation, and we're calling all problem solvers, innovators, community builders and change makers. Work with us to deliver solutions that make our diverse cities and communities stronger, healthier and more resilient.

We're powered by purpose-driven people like you who believe in being inclusive and creative, and value safety, innovation, integrity and community service. We are a Fortune 200 company, 20,000 colleagues strong serving more than 10.7 million customers at six energy companies -- Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco).

We're committed to creating an environment where every person can thrive. Our employee experience is grounded in four tenets that guide how we support our people: purposeful careers, growth opportunities, community impact, and support to thrive.

In our relentless pursuit of excellence, we elevate diverse voices, fresh perspectives and bold thinking. And since we know transforming the future of energy is hard work, we provide competitive compensation, incentives, excellent benefits and the opportunity to build a rewarding career.

Are you in?

Primary Purpose

Execute corporate policy for insurance and risk retention programs and represent corporate interests. Administer corporate risk related to loss of assets or claims against the corporation through the administration of third-party and self-insurance programs. Assist in providing risk management consulting expertise to the company and continuously focus on cost effective avenues to decrease insurance and risk management related expenses. Interface with corporate personnel, insurance brokers and insurer staff regarding insurance programs.

This is a multiple‑location posting. The selected candidate may be based out of our Exelon Corporate Office locations in Washington, DC, Philadelphia, PA, Kennett Square, PA, Baltimore, MD, Owings Mills, MD, Chicago, IL, Oakbrook Terrace, IL, Newark, DE, Carneys Point, NJ

Primary Duties

• Assist in the coordination of the corporate insurance program and the management of risks through the administration of third party and self-insured programs. (30%)


• Identify and evaluate corporate risk exposures. Make recommendations to Insurance Department Leadership for addressing these exposures. (20%)


• Coordinate specific corporate insurance programs and represent corporate interests with brokers and insurers. (30%)


• Support the negotiation of specific insurance coverages, review insurance contracts, administer insurance policies, and ensure compliance with governmental regulations. (20%)

Job Scope

• Perform analytical and administrative tasks necessary to support the management of specific lines of insurance coverage.


• Assist the Insurance Department Leadership to efficiently insure Exelon's transmission and distribution assets through best practice risk management techniques.


• Maintain strong working relationships with insurance brokers and insurers.


• Act as liaison between various internal and external parties. Serve as consultant to internal organizations on risk management issues.


• Support the administration of the corporate insurance program, review insurance policies and coordinate the payment of invoices and broker services.

Minimum Qualifications

• Undergraduate degree in risk management & insurance, accounting, finance, engineering or related degree.


• Completion of insurance related professional designation: Chartered Property and Casualty Underwriter (CPCU) or Associate in Risk Management (ARM) preferred (unless applicant possesses a risk management & insurance undergraduate degree).


• 5 or more years experience in insurance or risk management desired.


• Demonstrated analytical and evaluation skills.


• Knowledge of risk management principles and insurance markets


• Ability to analyze insurance decisions and their impact on Exelon and its subsidiaries

Benefits

• Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $80,000.00/Yr. – $110,000.00/Yr.


• Annual Bonus for eligible positions: 15%


• 401(k) match and annual company contribution


• Medical, dental and vision insurance


• Life and disability insurance


• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave


• Employee Assistance Program and resources for mental and emotional support


• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement


• Referral bonus program


• And much more

Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.