Senior Risk & Insurance Analyst - Corporate Risk Management
Job Summary
The Senior Risk and Insurance Analyst is part of a team dedicated to mitigating CNA's risk. The group purchases CNA's own insurance, manages any CNA claims, and assists with CNA's reinsurance placements. This role is well suited for an industry professional with a background in an insurance related field including: corporate risk management, claim, underwriting, agency/brokerage or law firm (with claim, coverage, or policy drafting experience).
Under broad supervision prepares, administers, maintains, and determines coverages and premiums for various insurance renewals including but not limited to property, casualty, and specialty lines . The Senior Risk and Insurance Analyst will assist in the process of evaluating CNA's risks and purchasing the best coverage to address those risks. This person will also analyze complex data to distill information needed to address and present CNA's risks accurately. This person has the opportunity to participate in the contract wording and claims process. This role offers broad exposure to different CNA business units, types of coverage, and CNA's system for the evaluation of its direct and reinsurance risks.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Coordinates the renewal process for various insurance coverages. Includes preparation of reports which form the basis of underwriting, claim, and other insurance decisions to identify and manage risk.
- Analyzes risk exposures and monitors losses to determine adequate coverage and protection of the company's interests.
- Reviews insurance and commercial contracts for accuracy and ensures quotes and policies are consistent with specifications submitted.
- Administers claims for insurance lines. Includes reporting of claims to insurers, the investigation of incidents, the development of a claim resolution plan and effective loss control efforts.
- Processes journal vouchers or check requests to pay premiums to brokers or directly to insurance companies.
- Assists with the budgeting and allocation of premiums and administrative costs for insurance programs.
- May function as liaison between state agencies and insurance companies. Includes submission of necessary reports.
- May issue certificates of insurance.
- May assist with reinsurance placements and renewals.
- May assist with projects related to identifying and managing corporate risks.
May perform additional duties as assigned.
Reporting Relationship
Typically Director or above.
Skills, Knowledge & Abilities
1. Strong analytical and problem solving skills with the ability to effectively resolve moderately complex situations and issues.
2. Must be results oriented with the ability to work independently as well as in a team environment.
3. Detail-oriented with strong organizational skills and the ability to manage multiple projects effectively.
4. Strong interpersonal, verbal and written communication skills with the ability to effectively interact with accounting/finance and other staff and departments.
5. Strong knowledge of Microsoft Office Suite and other business-related software systems, including processing systems and applications.
Education & Experience
1. Bachelor's degree in a related discipline, or equivalent.
2. Typically 3 to 5 years of related work experience.
3. CPCU, RPLU or other insurance or reinsurance certification a plus.
