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Company

ICU Medical · 3 hours ago

Insurance Risk Analyst

United States

Full-time

Remote

Entry Level

1+ years exp

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Responsibilities

Assist the Corporate Risk Manager in managing and administering multiple insurance programs, including global liability, product liability, workers' compensation, and other corporate insurance coverages that protect our worldwide manufacturing operations, employees, and corporate assets.

Assist with the data collection, analysis, and management to support the insurance renewal process, including:

Collaborating with various departments (IT, Payroll, HR, Legal, Regulatory, etc.) to gather and validate data for insurance applications.

Developing and maintaining accurate and comprehensive insurance data, including Statements of Value (SOV), asset schedules, and other critical information.

Supporting the preparation and submission of insurance applications, renewals, and other related documents.

Foster and maintain a strong working relationship with our designated broker representatives, ensuring seamless collaboration and communication throughout the insurance renewal process and beyond.

Assist in managing and maintaining all insurance exposure data, documents, and electronic risk management files.

Review and analyze contracts to ensure insurance provisions align with company requirements and comply with customer contractual requirements.

Assist internal departments with insurance certificate requests, proof of insurance, claims processing, and coordinate interface with insurance brokers.

Manage and maintain a centralized repository of insurance documents, ensuring accuracy, completeness, and organization, including:

Verifying receipt of all insurance documents, including binders, policies, endorsements, and related materials.

Reviewing documents for accuracy and completeness.

Maintaining up-to-date and orderly electronic and physical files.

Creating redacted policies and documents as required for sharing with stakeholders, such as customers, vendors, or auditors.

Oversee billing and invoicing related to insurance programs, ensuring accuracy and timely payments.

Provide excellent customer service to internal clients with the ability to prioritize multiple requests and meet deadlines such as providing COI requests, ad hoc analysis on requests, and coordinating risk assessment site visits with insurers engineers.

Other risk management duties as assigned.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Microsoft ExcelRisk ManagementInsurance FundamentalsFinance/AccountingData Analysis

Required

Must be at least 18 years of age.

Bachelor's degree in Business, Accounting, Risk Management, Finance or related field from an accredited college or university is required.

Basic Knowledge and experience in areas of Finance/Accounting, Risk Management, or Insurance required.

Strong computer skills and expertise in Microsoft Excel required.

Impeccable attention to detail.

Ability to work independently and also be a collaborative team member.

Ability to maintain a high level of confidentiality.

Strong organizational and time management skills, with the ability to manage multiple matters and accommodate tight deadlines while working in a fast-paced and rapidly evolving environment.

Ability to effectively communicate with all levels of management, orally and in writing.