Senior Risk Management Analyst

This is a hybrid role with 1-2 days on-site at our Chicago, IL office

Responsible for identifying, assessing, and managing risks within the organization. Participate in the development and implementation of risk management strategies, policies, and procedures to minimize potential losses and ensure compliance with regulations. Complete risk assessments, analyze data, and provide recommendations to senior management.

Responsibilities:

Insurance Program Management:

• Actively participate in the operations of the company’s global risk insurance programs which includes US and International programs.
• Facilitate day-to-day activities including internal information requests for policies, insurance certificates and/or auto ID cards, accounting/billing, coordination of claims/loss control services, inquiries as to coverage.
• Execute and support insurance renewal processes including data collection, underwriting coordination, and renewal strategy in all areas of insurance; GL, Auto, Property, Cyber, Professional liability, Cargo, Crime and Product Liability.
• Works collaboratively with the brokers and internal clients in the renewal process including preparation of all necessary applications and submissions to underwriters.
• Internal communications with stakeholders and business leads.
• Manage post-bind deliverables, policy issuance, and insurer/broker relationships.
• Create and manage content for the Risk Management website and internal communication platforms as needed.
• Serve as single point of contact for facilities and business teams regarding insurance inquiries.
• Support contract review of liability and insurance provisions from business and contract transaction team.
• Assist with Workers Compensation self-insurance run-off requirements for states
• Support Mergers and Acquisition integration
• Assist with allocation of certain premium and expenses to facilities
  
  Claims Management:
   
• Work closely with brokerage and insurance partners to manage claims effectively and efficiently.
• Retrieve and analyze claims data and work with brokerage and insurance carrier partners to facilitate timely closure of claims.
  
  Risk Analysis:
   
• Performs risk analysis duties including compilations of underwriting information and coverage placement, loss forecasting and analysis in order to promote maximum protection of our assets and assist in loss reduction often acting as lead responsible for coverage placement.
• Conduct risk assessments to mitigate liability exposures and contractual risks.