Entry Level Risk Analyst

Job type:
New Jersey
flag_no USA
project ID:

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  • Collect and manage current and historical exposure information and prepare annual underwriting submissions on a timely basis for all risk financing/insurance programs
  • Analyze loss experience at the location, business unit, and corporate level to identify trends; maintain data communication with Safety Department on a timely basis
  • Evaluate of risk financing alternatives, adequacy of limits and make recommendation
  • Check accuracy of insurance policies, prepare insurance coverage summaries
  • Coordinate audits of insurance programs
  • Arrange for timely payment of all costs associated with the cost of risk; keep accurate records of risk management expenses, including loss costs
  • Prepare annual insurance and risk management budget and cost of risk allocations to business units
  • Manage compliance with state regulations for workers compensation in self-insured and monopolistic states
  • Analyze cost benefit of various programs and procedures within risk management
  • Assist with insurance and risk management due diligence reviews for mergers and acquisitions
  • Provide ongoing risk management support and assistance as needed
  • Assist in the development of and maintain communication tools for senior management and operating personnel describing risk management policies and programs.
  • Update the annual Risk Management Policy Digest and Insurance Coverage Summary and other pertinent documentation as required
  • Provide expertise in policy and coverage interpretation to operating company personnel
Claims Management
  • Assist in implementing workers compensation management system and reports
  • Review losses, prepare loss triangles for reserve analysis

  • College degree with major in finance, accounting or risk management
  • CRM, ARM designation or CPCU course work a plus
  • Minimum of ten years within a risk management environment or insurance company or brokerage experience handling national or global accounts
  • Demonstrated capabilities in the major areas of responsibilities described above
  • Looking for Insurance professionals
  • Looking for 3-20 years experience
  • Must have commercial insurance experience
Special Skills
  • Excellent oral and written communication skills
  • Strong interpersonal skills; must be able to interface with all levels of personnel at operating units and corporate staff
  • Heavy administrative and organizational skills; must be detail oriented and comfortable working with numbers
  • Computer skills, experienced in Windows environment, Word, Excel, Access, and Lotus Notes software and use of on-line claims data systems
  • Time management skills, flexible and able to handle a variety of tasks simultaneously