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Financial Analyst, Property & Casualty Insurance

This position is responsible for performing key functions involving the management of the company’s global insurance programs. The individual will work cross-functionally with internal and external stakeholders, including Enterprise and Division Finance Groups, insurance carriers, brokers, and third-party service providers.

This role is not hybrid/remote and will report to our Global Headquarters in Cleveland, OH.

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

At Sherwin-Williams, our purpose is to inspire and improve the world by coloring and protecting what matters. Our paints, coatings and innovative solutions make the places and spaces in our world brighter and stronger. Your skills, talent and passion make it possible to live this purpose, and for customers and our business to achieve great results. Sherwin-Williams is a place that takes its stability, growth and momentum and translates it to possibility for our people. Our people are behind the strength of our success, and we invest and support you in:

Life … with rewards, benefits and the flexibility to enhance your health and well-being
Career … with opportunities to learn, develop new skills and grow your contribution
Connection … with an inclusive team and commitment to our own and broader communities
It's all here for you... let's Create Your Possible

At Sherwin-Williams, part of our mission is to help our employees and their families live healthier, save smarter and feel better. This starts with a wide range of world-class benefits designed for you. From retirement to health care, from total well-being to your daily commute—it matters to us. A general description of benefits offered can be found at http://www.myswbenefits.com/. Click on “Candidates” to view benefit offerings that you may be eligible for if you are hired as a Sherwin-Williams employee.

Compensation decisions are dependent on the facts and circumstances of each case and will impact where actual compensation may fall within the stated wage range. The wage range listed for this role takes into account the wide range of factors considered in making compensation decisions including skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The wage range, other compensation, and benefits information listed is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, with or without notice, subject to applicable law.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable federal, state, and local laws including with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act where applicable.

Sherwin-Williams is proud to be an Equal Employment Opportunity employer. All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, marital status or any other consideration prohibited by law or by contract.

As a VEVRAA Federal Contractor, Sherwin-Williams requests state and local employment services delivery systems to provide priority referral of Protected Veterans.

Please be aware, Sherwin-Williams recruiting team members will never request a candidate to provide a payment, ask for financial information, or sensitive personal information like national identification numbers, date of birth, or bank account numbers during the application process.

CORE RESPONSIBILITIES AND TASKS

Supports the company’s global insurance programs including self-insured property claim program, workers’ compensation program, subrogation support, global premium payments, and filing new insurance claims.
Analyze department data and prepare recurring and ad hoc reports to support month and quarter end close processes.
Provides day-to-day support & service to all locations regarding the application and interpretation of the company’s risk management & insurance programs.
Manage the monthly accrual process for property insurance and international claims, including reconciliation of all related accounts.
Gathers and validates underwriting data for insurance program renewals in accordance with established guidelines and formats. Partner with brokers to assist in the marketing of the global insurance program.
Participate in the adjustment of insured losses and coordinate with operating management in the preparation of claims.
Manages the global stock throughput insurance program.
Manage the global property loss control program that utilizes multiple vendors performing fire protection, jurisdictional inspections, and infrared audits.
Compiles information required to support the management of the Company’s insurance captive.
Provides support for all key department projects, including acquisition integration and vendor RFPs

Claims Management:

Work with Risk Management, broker team members, and loss adjusters to provide support for claims management of both property and workers compensation claims.
Maintain process for assessing extent of employee injuries and provide technical expertise to resolve claims, while partnering with loss adjuster.
Review and evaluate claim reserves for timeliness, appropriateness, and adequacy to ensure accurate financial reporting.
Facilitate strategic claim discussions and resources to maximize opportunities for claim resolution including leveraging claim settlements.
Communicate with appropriate HR/EHS, site/store management on claim resolution and action plan for injured employees.
As necessary, engage outside counsel to assist in resolving workers’ compensation claims.
Engage and counsel LOA Team, HR or EHS Managers with recommendations, referencing and applying internal policies, processes, state laws or regulations.

Major Activities and Key Challenges:

Ability to prioritize tasks to meet defined deadlines in a dynamic environment
Supporting cross-functional projects involving individuals throughout the organization
Identify operational risks and opportunities
Operate with close attention to detail and a focus on enhancing controls

POSITION REQUIREMENTS

FORMAL EDUCATION:

Required:

Bachelor’s degree

Preferred:

Bachelor’s degree in Finance or Accounting

KNOWLEDGE & EXPERIENCE:

Required:

2+ years’ experience in Insurance/Claims Management or Finance experience
Business Knowledge includes a working knowledge of SW structure, business processes, and operations.
Skill set includes problem solving, critical thinking, organizational skills, excellent (oral and written) communication skills, and a capability to work independently.
Experience working in a cross-functional team environment to implement process improvements.

Preferred: