Insurance Analyst
Core
Analyze insurance and claim data, evaluate risk, and develop strategies to minimize costs and maximize coverage for a global manufacturing company.
Role type
Insurance and Risk Analyst
Builds
Insurance policies, coverage options, and risk mitigation strategies
Domain
Manufacturing / Insurance
Required skills
Data analysis, risk assessment, policy management, claims processing, report preparation, premium allocation, bond placement
Preferred skills
Experience with global manufacturing companies, knowledge of risk management tools
Technologies
Microsoft Suite
Responsibilities
Collect and analyze claims data to identify trends; prepare detailed reports and presentations for management; evaluate risk and forecast future insurance trends; consider risk mitigation strategies and recommend appropriate coverage options; conduct regular reviews of policies to ensure completeness and accuracy; assist in the development and modification of insurance policies and coverage; maintain an inventory of the Company's insurance policies; assist in the preparation and compilation of underwriting information; follow up on obtaining from the broker policies, binders, and other insurance documentation; perform an initial review of policy documentation; prepare the allocation of insurance premiums; place the Company's insurance bonds; maintain the relationship with the Company's third party adjuster; process and manage claims including submitting data, managing claims through to settlement and analyzing insurers coverage position; prepare monthly claim reports for discussion with the insurance and risk team; prepare Ad-Hoc claim reports as requested; identify claim trends and emerging risks; provide guidance and support to internal clients regarding insurance policies and claims; address internal client inquiries and resolve any issues related to insurance coverage; handle routine simple insurance inquiries; work closely with claims adjusters to review and process insurance claims; participate in team meetings and contribute to insurance placement strategy and insurance program development