Insurance Risk Analyst

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Concord, MA, USA
In-Office
60K-65K Annually
Junior
Insurance
The Role
Collect, cleanse, and analyze insurance, financial, and operational data to produce reports, dashboards, and actionable insights. Support policy administration, renewals, regulatory filings, and project management for insurance company formations and client service.
Summary Generated by Built In

Strategic Risk Solutions Inc. (SRS), the world’s largest independent insurance company manager, is growing and looking for a Risk Analyst to join our team in Concord. You will help transform complex information into meaningful insights that support clients, insurance programs, and business decision-making. 

This role is ideal for someone who enjoys problem-solving, collaborating with others, and building a long-term career within a growing and specialized industry. 

Why Join SRS? 

  • Build expertise in the specialized and growing captive insurance industry. 

  • Work with clients and industry professionals across a variety of industries. 

  • Develop analytical, consulting, project management, and business communication skills. 

  • Gain exposure to insurance company formations, risk financing strategies, and regulatory environments. 

  • Learn from experienced professionals in a collaborative and supportive environment. 

  • Contribute to meaningful projects that impact client and business outcomes. 

Responsibilities 

Data Collection and Analysis 

  • Collect, organize, and maintain insurance, financial, and operational data from multiple sources. 

  • Perform data cleansing, validation, and quality assurance to ensure accuracy and consistency. 

  • Analyze data trends and translate findings into actionable insights that support underwriting, risk financing, and strategic business decisions. 

  • Create and maintain analytical tools, reporting solutions, and operational resources that support client service and business objectives. 

Insurance Policy Support 

  • Assist with the administration and maintenance of insurance policies and related documentation. 

  • Review policy information for completeness and accuracy. 

  • Support policy renewals, endorsements, certificates, and coverage documentation. 

  • Collaborate with colleagues, clients, brokers, carriers, and service providers to gather information and ensure timely completion of projects. 

  • Assist in the preparation and completion of insurance company applications, business plans, and regulatory filings. 

  • Gather supporting documentation and coordinate information requests from regulators, consultants, and service providers. 

  • Maintain organized records of applications and filing materials. 

  • Support project management activities associated with insurance company formations and renewals. 

Report Development and Presentation Support 

  • Prepare reports, dashboards, and analytical summaries for management and clients. 

  • Develop professional presentations and supporting materials using Microsoft PowerPoint. 

  • Compile and present data in a clear and concise manner to support strategic decision-making. 

  • Partner with team members across business functions to develop reporting and presentation materials that support client and management objectives. 

  • Assist with ad hoc projects and special assignments as needed. 

Qualifications 

  • Bachelor’s degree in Risk Management, Finance, Business, Accounting, Economics, or a related field preferred. 

  • One to three years of analytical, insurance, or financial services experience preferred. 

  • Insurance industry experience or knowledge is a plus. 

  • Strong attention to detail and organizational skills. 

  • Excellent written and verbal communication skills. 

  • Ability to manage multiple projects and deadlines in a fast-paced environment. 

  • Experience with Microsoft Office applications and database management tools preferred. 

  • Ability to learn and utilize insurance and risk management software systems. 

Encouraged to Apply 

We recognize that talented professionals bring a variety of experiences and perspectives. If you are excited about this opportunity but do not meet every qualification listed, we encourage you to apply. We value curiosity, learning agility, collaboration, and a commitment to professional growth. 

Salary 

$60,000 - $65,000 annually. Final salary will be determined based on experience and qualifications. 

About SRS 

SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa. 

Offering a competitive salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is dynamic and engaging, offering employees the opportunity to take on meaningful responsibilities, develop new skills, and grow their careers within a collaborative environment. 

EOE 

For more information on SRS, please visit www.strategicrisks.com. 
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Skills Required

  • Bachelor's degree in Risk Management, Finance, Business, Accounting, Economics, or a related field
  • One to three years of analytical, insurance, or financial services experience
  • Insurance industry experience or knowledge
  • Strong attention to detail and organizational skills
  • Excellent written and verbal communication skills
  • Ability to manage multiple projects and deadlines in a fast-paced environment
  • Experience with Microsoft Office applications and database management tools
  • Ability to learn and utilize insurance and risk management software systems

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The Company
HQ: Concord, MA
193 Employees
Year Founded: 1993

What We Do

Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020. For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough. Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by: --Delivering outstanding service; --Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits; --Helping Clients succeed, particularly through our reputation for innovation; and --Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients. This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.

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