Position Overview:
We are seeking candidates with a solid understanding of property/casualty insurance coverages, various bond types relevant to their operations, and comprehensive risk management concepts. The ideal candidate will identify and assess risks and insurance exposures pertinent to our core business activities. We are looking for someone who is resourceful, efficient, and capable of thriving in a fast-paced environment, with a flexible, reliable, and positive 'can-do' attitude.
Key Responsibilities:
- Collaborate with the in-house team and coordinate with insurance service providers to ensure seamless operations.
- Respond to requests from internal and external stakeholders, conducting thorough analysis of data, policies, processes, and regulatory requirements.
- Manage all insurance claims, acting as an advocate for the business on complex matters.
- Oversee claim correspondence, documentation, and data gathering to ensure timely and accurate claims processing.
- Regularly review and analyze trends in risk exposures, and conduct audits of existing insurance programs for company assets.
- Manage projects with broker partners and third-party vendors, compiling data and collaborating with the Corporate Insurance team on renewal strategies, market submissions, and the renewal process.
- Coordinate risk and control surveys, engineering reports, and manage third-party vendors to obtain necessary insurance reports.
- Assist in the placement of surety bonds and manage the distribution of Certificates of Insurance (COIs) and surety bonds as required by contracts.
- Review insurance provisions in third-party contracts and financing agreements, providing expert feedback and coordinating on annual insurance reporting related to financing.
- Analyze insurance policies, offering insights and recommendations for enhancements.
- Assist in the procurement of representation and warranty insurance for acquisitions and dispositions.
- Track and report on insurance market updates, highlighting notable trends that impact business operations.
- Manage administrative tasks including presentations, training, insurance summaries, and providing guidance for portfolio companies.
- Maintain accurate insurance records related to communications, renewals, loss surveys, invoicing, premium allocation, and premium estimates.
- Collaborate with stakeholders across the business to ensure alignment and support.
- Evaluate and address deficiencies, identifying root causes, and developing practical recommendations with clear timelines for remediation.
- Review and update internal controls documentation as necessary, including risk-control matrices, narratives, flowcharts, and testing plans.
- Prepare premium allocations and assist in optimizing critical business processes and procedures.
- Provide strategic advice and recommendations to enhance internal controls.
- Manage the onboarding and offboarding of new projects under our insurance policy.
Qualifications & Experience:
- Bachelor's degree with a minimum of five (5) years of relevant experience in risk management, insurance carrier, or brokerage.
- Industry certifications (CIP, FCIP, CRM, or equivalent) are preferred but not required.
- Proven project management or coordination experience, with a strategic mindset and strong analytical and problem-solving skills.
- Ability to work effectively in a team environment, maintaining positive interpersonal relationships.
- Experience with insurance organizations is a plus.
- Strong verbal and written communication skills, with the ability to present effectively and influence decision-making.
- Demonstrated ability to identify risks and recommend cost-effective internal controls.
- Experience working in dynamic, growing organizations with evolving needs and handling multiple complex business transactions.
This position offers an exciting opportunity to contribute to a growing organization, where you can apply your expertise in insurance and risk management to make a meaningful impact.
