Job Summary:
The Commercial Insurance Risk Analyst I is responsible for supporting the administration of the company-wide insurance (P&C and Professional lines), reinsurance, and captive insurance programs.
Essential Functions:
- Collaborate with various departments to collect, organize, and analyze the organization’s exposure and claims data.
- Responsible for the preparation and submission of the annual Insurance Renewal Applications.
- Obtain and organize documentation for all insurance policy renewals and modifications.
- Communicate with broker regarding insurance coverage additions, changes, and modifications throughout the year.
- Maintain, update, and distribute Insurance policy information throughout the organization as necessary.
- Work with third-party broker of record to manage certificate of insurance requests.
- Assist with implementation of all claims and coverage reporting requirements.
- Assist the Risk Director and Managers as needed with the integration of newly awarded and/or acquired insurance plans and entities.
- Support overall Risk team with tracking and analysis of reinsurance claim reimbursement activity
- Help to create and maintain short and long-term reinsurance claim forecasts
- Assist with internal and external audit requests related to insurance programs and captive insurance entity
- Perform other Risk team functions as requested
Education and Experience:
- Bachelor’s Degree or equivalent years of relevant work experience is required
- Minimum of one (1) year of risk management, claims, finance, data analysis, or related experience is required
- P&C and Professional lines insurance experience preferred
Competencies, Knowledge and Skills:
- Microsoft Office Proficient
- Excellent verbal and written communication skills
- Demonstrated organizational skills, including judgment/decision making, and the ability to work effectively with others at all levels
- Ability to process large volumes of data in great detail
- Demonstrates analytical/problem solving skills to perform a variety of complicated tasks
- Possess critical thinking/listening skills
- Ability to interact with all levels of management as well as external stakeholders
Licensure and Certification:
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time
Compensation Range:
$53,400.00 - $85,600.00
CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.
Compensation Type (hourly/salary):
Salary
Organization Level Competencies
This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an inclusive environment that welcomes and supports individuals of all backgrounds.
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