Insurance & Actuarial Services Analyst - Risk Management

Enterprise Mobility - Saint Louis, MO

Full-time - Entry Level

Saint Louis, MO

5,001-10,000 employees

Professional, Scientific, and Technical Services

About the position

The Insurance & Actuarial Services Analyst plays a crucial role in evaluating the company's global insurance programs, conducting analysis, loss reporting, and risk assessment of financial outcomes. This entry-level position focuses on learning the fundamentals of insurance, managing self-insurance, and supporting various teams by preparing and analyzing loss data. The role offers opportunities for growth and advancement within the organization.

Responsibilities

• Manage the administration of self-insurance in all 50 states, including submitting loss, vehicle, and financial information to state Departments of Insurance.
• Investigate and respond to questions from state personnel and maintain self-insurance certificates for group vehicles.
• Participate in the formulation and negotiation of insurance placement and renewal strategies.
• Gather underwriting requirements from other departments to submit to insurers.
• Establish and maintain strong partnerships with broker partners throughout the insurance placement process.
• Participate in the company's insurance administration, including Surety bond program, insurance certificates, and policies.
• Review insurance language in contracts and agreements for compliance and risk mitigation.
• Collect risk-related loss and exposure data and validate its accuracy.
• Cleanse loss data and manage the collection of data from various sources (TPAs, insurers, brokers, and ICE).
• Analyze data to ensure accuracy and identify substantial changes.
• Build relationships with brokers, insurers, and TPAs to effectively communicate data needs.
• Ensure timely delivery of data to accounting and actuarial teams.
• Work closely with accounting to reconcile reserve fund and captive reserves and paid losses.
• Conduct risk assessment of the company's loss exposures and assist in determining cost-effective insurance retention/deductible levels.

Requirements

• One (1+) year or more of experience in analysis, customer service, or risk management.
• Intermediate proficiency with Microsoft Office products.
• Bachelor's Degree in Actuarial Science, Business, Statistics, Risk Management, or Mathematics.
• Must be authorized to work in the United States without requiring work authorization sponsorship.

Nice-to-haves

• Attention to detail
• Excellent verbal and written communication skills
• Ability to work effectively in a team environment

Benefits

• Profit sharing
• Health insurance
• Paid time off
• 401(k) matching
• Opportunities for advancement