Risk Management Associate
Fairlawn, OH or Columbus, OH (Hybrid)
Competitive Pay and Benefits
Risk Management Associate contributes to the risk management teams objective to optimize our clients total cost of risk by compiling, scrubbing, and analyzing client information for annual risk management processes.
Risk Management Associate Responsibilities:
- Assisting in the coordination of broker and third party agreements, conducting premium audits, drafting risk management budgets, leading activities to obtain engineering services
- Assisting in the preparation of submissions and acquisition of coverage activities, and creating client reports.
- Compile and ensure accuracy of client data for annual risk management process.
- Conduct Total Cost of Risk (TCOR) analyses and develop TCOR benchmark analyses.
- Communicate with brokers and clients throughout the renewal process to provide timely and accurate information.
- Communicate with third parties and assist in the vendor selection process.
- Assist in establishing broker agreements by communicating with brokers, analyzing broker selection data, compiling information for presentations to clients, and communicating information to clients.
- Lead the engineering coordination process under the direction of a Risk Manager or Senior Associate, Risk Management by organizing site visits and communicating with engineers and project managers
- Present information and facilitate discussions with clients, brokers, underwriters, engineers, and other partners to fully inform all partners of the risk management annual process and to understand client needs and use the information to complete the clients risk management processes
- Assist in the preparation of submissions; validates and scrubs client data to confirm accuracy
- Assist in compiling client information for underwriters
- Assist in analyses to identify optimal coverage options for clients
- Assist in the renewal process to procure quote(s), present options to client, obtain final binding order and secure financing, as needed
- Provide timely and accurate data to actuaries for completion of actuarial studies
- Assist in creating insurance budgets and obtaining client approval of the same
- Assist in creating client reports
- Assist in conducting client intake and onboarding activities
- Conduct premium allocations
- Coordinate insurance invoices
- Assist in writing presentations, reports, and manuals for use by clients and other partners
- Maintain client files according to company standards
- Participate in special projects to develop broad risk management capabilities
- Support a team-based environment that reinforces values of intelligence, integrity, consistency, energy, advocacy, service, and respect
- Assist in conducting due diligence and integration activities for mergers and acquisitions
- Assist in writing client proposals
- Assist in leading client intake and onboarding activities
- Work cooperatively with other departments to ensure work is completed according to timelines and quality standards
- Verify necessity of certificates of insurance and assist in their distribution to clients and third parties
- Assist in third-party administrator (TPA) selection and transition process
- Communicate with third parties and assist in the vendor selection process
Risk Management Associate Requirements:
- Bachelor’s degree, with a strong preference for a degree in Risk Management, Actuarial Science, or closely related field.
- 0-3 years’ experience in the Risk Management field through a formal internship or work experience is desirable.
- Preference given to individuals that have obtained, or are in the process of obtaining, the Associate of Risk Management (ARM) designation, or another similar designation.
- Data Analysis skills
- Client Service, Internal and External experience
- Strong communication skills with Internal and External Partners (Written and Verbal)
- Strong skills in critical thinking and deductive reasoning
- Mathematical Aptitude
- Active Listening
- Organizing, Planning, and Prioritizing Work
