Risk Management Analyst

Description:

Summary:

As the Risk Management Analyst, you'll be instrumental in identifying, assessing, and minimizing risks to safeguard our assets and ensure the safety and security of our associates, customers, and property. You'll analyze property and casualty risks, develop financial strategies to manage them effectively and oversee the handling of casualty and property claims through our claim administrators.

Job Responsibilities:

• Maintain updated insurance schedules, detailing policies, premiums, limits, and renewal dates.
• Review non-workers' compensation loss events to identify potential recovery opportunities.
• Prepare various claims reports for internal and external evaluation of loss reserves, forecasts, and allocation.
• Reconcile premium adjustments for expired insurance policies.
• Oversee company-owned vehicle leases, including registration and title acquisition.
• Respond to requests for evidence of coverage and manage the certificate of insurance process.
• Ensure proper handling of claims, gather claim data for record-keeping and forecasting, and estimate claim values.
• Evaluate significant claim and expense payments, reconcile monthly claim invoices, and manage property damage claims.
• Maintain relationships with claim adjusters, insurers, and other relevant parties.
• Review insurance policies and endorsements for accuracy and process risk management invoices.
• Operates within the approved budget parameters.
• Other duties/projects as assigned.

Supervisory Responsibilities:

This position does not have any direct reports.

Work Environment:

This job operates in the corporate setting as well as the retail store setting.

Physical Demands:

This job may involve sitting for up to 8+ hours, occasional standing and walking, frequent talking and hearing, as well as using hands and fingers, and reaching with hands and arms.

Requirements:

Qualifications needed to perform this position:

• Bachelor’s Degree in Business or related field, or equivalent experience
• 4+ years of experience as a risk analyst
• Proficiency in corporate insurance, encompassing general liability, D&O, EPL, and Workers’ Comp
• Ability to effectively interpret documents such as policy and procedure manuals
• Demonstrated skills in analysis and problem-solving
• Capable of multitasking effectively
• Excellent communication skills
• Self-motivated and proactive
• Demonstrates honesty and integrity in all actions
• Well-aligned with organizational culture

Position Type/Expected Hours of Work:

This is a full-time position typically scheduled Monday through Friday, with occasional evening and weekend availability as required by business demands.