LA Metro

Public Risk Management Association

Full-time - Mid Level

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Principal Risk Analyst plays a crucial role in managing risk within the organization, focusing on insurance and contracts. This position involves leading projects related to Risk Management Information Systems, providing technical support for claims systems, conducting feasibility studies, and developing training programs. The analyst will also oversee budget preparation, actuarial studies, and the development of statistical reports to assist management in decision-making. The role requires a strong understanding of risk management principles and the ability to communicate effectively with various stakeholders.

Responsibilities

• Serve as Project Leader on the Risk Management Information Systems function, including selection of hardware/software, configuration, maintenance, and technical training.
• Provide technical and business support for Workers' Compensation and General Liability claims computer systems, including day-to-day functionality, mandatory federal and state reporting, and systems upgrades.
• Perform requirements analyses and feasibility studies, and prepare project proposals for the development, enhancement, and maintenance of an information system specific to Risk Management functions.
• Assess training needs and develop training and support programs for internal and external users of the Risk Management Public Liability/Property Damage and Workers' Compensation claims systems.
• Act as Project Leader on critical technical, financial, and operating projects to ensure they are completed according to deadlines and standards.
• Implement regulatory and statistical reporting of safety, public liability/property damage, and workers' compensation.
• Develop the fiscal year budget for the department expenditures and agency claims reserves.
• Oversee preparation of actuarial studies of loss reserves, funding analysis, and recommendations for reserve valuation for the Workers' Compensation and General Liability programs.
• Develop complex statistical and analytical reports on risk management issues, including development of forecasting models.
• Perform explanatory data analyses, prepare and analyze historical data, identify patterns, and make recommendations to assist management with decision making.
• Contribute to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out.

Requirements

• Bachelor's Degree in Actuarial Sciences, Statistics, Accounting, Economics, Business Administration or a related field; Master's Degree in a related field preferred.
• Five years of relevant experience performing risk financing, actuarial studies, financial accounting, insurance analysis, or contract claims management; or working with risk management information systems or property and liability insurance claims analysis; project lead experience preferred.
• A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions.

Nice-to-haves

• Experience mitigating loss of risk exposures in major construction activities and robust programs of insurance.
• Experience supporting insurance program placement including coordinating exposure data, working with stakeholders, and preparing underwriting specifications and coverage requirements.
• Experience developing risk management and insurance coverage reports and presentations to educate and inform internal and external audiences.
• Experience developing, negotiating, and monitoring compliance of insurance requirements during major highway, light rail, heavy rail, or related construction projects.
• Professional designations in insurance or related areas.