Risk Management Analyst (Return to Work Opportunity)

About the position

We are seeking a detail-oriented Risk Analyst to join our Risk Management team. This role will help identify and evaluate potential risks within the organization by analyzing data related to insurance policies, claims history, and industry trends, and help to implement risk management solutions. Eligibility details: This is a flexible role, and it is ideal for someone who is looking to return to work or change careers. We are looking for previously employed professionals with 3-5 or more years of work experience.

Responsibilities

• Maintain in-house hard copy files and secure electronic files.
• Manage off-site file storage for easy access and retrieval.
• Assist in reporting in areas such as budget review and analysis, accruals and invoice processing and tracking.
• Review monthly budget reports and keep up-to-date with any changes to AP and GBS processes, including TMS, Basware, and ServiceNow.
• Update documentation of all current processes as needed.
• Manage Risk Mgmt Request mailbox email traffic, ensuring speedy response times for inquiries and resolving issues.
• Maintain POA and Letters of Authorization document storage and retrieval.
• Work with Crisis24 tech team to review/purge old accounts and address any maintenance issues.
• Assist team members with registration, account set-up, and travel itinerary uploads, and answer questions about travel safety service and features.
• Prepare Travel Insurance Certificates as needed for international travelers.
• Assist with US POA renewals, preparing documents and securing officer signatures as needed.
• Conduct comprehensive risk assessments by reviewing insurance policies, claims data, and industry reports to identify potential hazards and exposures.
• Utilize data analysis tools to identify trends and patterns in claims data, helping to predict future risk occurrences.
• Develop and implement risk mitigation strategies to reduce the likelihood and severity of potential losses, including safety training programs and operational changes.
• Analyze existing insurance policies to ensure adequate coverage, negotiate with brokers to optimize policy terms and premiums during renewal processes.
• Monitor claims activity, investigate incidents, and coordinate with adjusters to minimize claim costs.
• Prepare reports on risk assessments, loss trends, and risk management initiatives for senior management and stakeholders.
• Ensure adherence to regulatory requirements and company risk management policies.

Requirements

• Associate’s or Bachelor’s Degree
• 3+ years of experience
• Ability to interpret data, identify trends, and draw meaningful conclusions.
• Ability to use effective written and verbal communication skills to present complex information to different stakeholders.
• Ability to analyze situations, identify root causes, and develop practical solutions.

Nice-to-haves

• Basic understanding of various insurance policies, coverage types, and underwriting principles.
• Familiarity with risk identification, assessment, and mitigation strategies.
• Proficient in using data analysis software to manipulate and interpret data.

Benefits

• Health insurance (medical, dental, vision, Rx)
• Life insurance
• Accidental death & dismemberment (AD&D)
• Short-term and long-term disability
• Extended leave options
• Paid time off
• Company holidays
• 401k matching
• Employee stock purchase plan
• Legal assistance
• Wellness programs
• Tuition reimbursement
• Discount programs