Insurance Risk Analyst Resume Sample
Consuelo Conn
873 Rachel Glens,
Dallas,
TX
+1 (555) 268 8424
Work Experience
Senior Analyst, RJF Insurance Risk Management
12/2015
-
PRESENT
Chicago, IL
- Identify and treat exposures that affect the North American Business Unit’s physical assets and financial statements by reviewing contracts
- Assist in creating the insurance due diligence for potential acquisitions, as well as assist in integration of all insurance programs inherited via acquisition into the ENGIE master local insurance program
- Play a key role in Business Development activities, including working with brokers to provide budget for construction, operation and placement of insurance
- Responsible for identifying potential insurance providers to select and present the corporate business risk profile to underwriters for competitive bid consideration
- Review insurance market quotations for coverage in order to recommend the most comprehensive and cost effective insurance structure for the company
- Maintain insurance finance records, including tracking invoices, cash flow, fee and premium spend annually
- Maintain insurance policy files and delivery of insurance certificates reflecting endorsements and validating that policies are issued in compliance with coverage required and requested
- Enter open claims and policy premiums into Asterix/ Stars database on a monthly basis
- Oversee management of North American surety bond portfolio; providing requested information to sureties and ensuring bonds are received, extended and/or renewed on a timely basis and oversees billings
Insurance Risk Analyst
09/2012
-
10/2015
Detroit, MI
- Manage, monitor, and resolve auto, property, casualty, and workers compensation claims
- Perform insurance market research and benchmarking
- Assist with the annual insurance renewal process
- Report quarterly changes to our drilling, property, well, and asset schedules to our broker to maintain proper insurance coverage
- Report spills, near misses, and other pollution and safety incidents
- Track risk mitigation efforts in all areas of the company in order to reduce the financial impact of required annual premiums
- Support internal and external insurance audits
Insurance Industry Risk Analyst Summer Intern
09/2008
-
03/2012
New York, NY
- Work with various internal stakeholders to ensure timely and equitable resolution of claims in the event of an accident, injury or contract dispute
- Prepare and distribute materials for the Insurance Review and Risk Committees as needed
- Assist in preparation and delivery of insurance and risk manuals and training programs for key stake holders, as needed
- Assists in preparation of annual group risk mandates and ensures delivery of requirements and monitors compliance of group risk mandates not within GEM US scope including (i) assisting in risk committee administration and reporting; (ii) approving and managing risk policy, risk mandates risk limits, and hedge plans; and (iii) oversee any necessary Dodd Frank tracking and reporting
- Play key role in annual Enterprise Risk Management exercise by meeting with key stakeholders, managing reporting of risks in Risk Register, addressing risks, and preparation of ERM reporting
- Assist in the analysis of and drafting of comprehensive North American Business Continuity and/or Disaster Recovery Plans, as needed
- Serve as Parsley Energy’s insurance advocate to protect Parsley and its employees
- Oversee the maintenance and administration of all insurance policy documentation and supporting information for all lines of coverage
Education
Emporia State University - Metro Learning Center
2003 - 2008
Bachelor's Degree in Mathematics
Professional Skills
- Strong consulting skills to include negotiation, influencing, problem solving, conflict resolution and solid analytical skills with attention to detail
- Comprehensive understanding of life insurance as well as strong skills in analytical research and insurance modeling
- Excellent interpersonal, negotiation, and mediation skills
- Strong Computer Skills and knowledge of PowerPoint and SharePoint
- Strong software skills (Excel, VBA, EMBLEM, Power BI) and preferable exposure to SAS or R
- Good collaboration, communication, writing and computer skills
- Excellent grasp of the statistical & analytical techniques and principles of insurance/underwriting – significant and relevant consumer insurance experience
How to write Insurance Risk Analyst Resume
Insurance Risk Analyst role is responsible for powerpoint, software, insurance, modeling, research, compensation, finance, credit, training, database.
To write great resume for insurance risk analyst job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Insurance Risk Analyst Resume
The section contact information is important in your insurance risk analyst resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Insurance Risk Analyst Resume
The section work experience is an essential part of your insurance risk analyst resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous insurance risk analyst responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular insurance risk analyst position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Insurance Risk Analyst resume experience can include:
- Strong organizational skills, and ability to lead projects and processes
- Communicate and work effectively with multiple departments including legal, security, operations, and accounting
- Financial skills (intermediate level)
- Demonstrated ability to solve problems and operate in a multi-task environment
- Relevant Experience: General office or insurance experience
- Part-qualified actuary not essential, but would provide strong evidence of balance of statistical/insurance background
Education on an Insurance Risk Analyst Resume
Make sure to make education a priority on your insurance risk analyst resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your insurance risk analyst experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Insurance Risk Analyst Resume
When listing skills on your insurance risk analyst resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical insurance risk analyst skills:
- Demonstrated ability to communicate effectively with colleagues in various departments and geographical locations
- Proven ability to be adaptable, manage multiple priorities, and work to deadlines
- Prior experience with an insurance database tools
- Advanced computer skills with MS Word, Excel, and PowerPoint
- Experience: 2 years related work experience in financial risk management and insurance
- Microsoft skills, Word, Excel, PowerPoint
List of Typical Experience For an Insurance Risk Analyst Resume
1
Experience For Insurance & Risk Analyst Resume
- Perform ongoing contractor insurance compliance audits by monitoring service charges on invoices
- Review and approve Indemnification language in Drilling Contracts, JOAs, and MSA's, etc
- Challenge existing insurance and contract management processes to improve performance or efficiency
- Aptitude to lead and mentor staff while adhering to Parsley Energy corporate values and culture
- Knowledge of various types of oil and gas contractual agreements (e.g., MSA’s, Drilling Contract, Water Disposal Agreements, etc.)
- Proactively participates in relevant job related training to keep current with the industry’s best practices, changes and future trends
- Partner with insurance operations team to identify and implement process improvements on risk underwriting
- Communicate product line performance findings to executive leadership during monthly insurance product line review
- Work with internal marketing resource to develop collateral and educational material to support product line growth and awareness
2
Experience For Senior Analyst, RJF Insurance Risk Management Resume
- Review and approve vendor insurance variance requests
- Register performance and surety bonds with the RRC
- Monitor and analyze loss history and reserve increases
- Price and underwrite corporate insurance products through the captive
- Produce annual insurance company analysis and ensure that Citi’s aggregate level of exposure to the company remains appropriate relative to its current credit worthiness
- Accountable for analyzing exposures and assuring that the organization’s domestic and international offices, activities and risks are appropriately insured and that decisions to self-insure risks are properly documented and reported
- Partner with stakeholders across the organization to document, track, analyze the effectiveness of, and maintain a listing of implemented mitigations for the organization’s top risks
- Perform research into country risk issues in countries where CFA Institute does business, including country stability, economic outlook, security concerns, and regulatory issues, and assess how each fits into the organization’s risk appetite
3
Experience For Financial Analyst, Credit Risk & Insurance Resume
- Implement the approved insurance strategy to ensure appropriate protection of National Grid’s assets and insurable liabilities
- Extensive communications with all levels of Highmark and Subsidiary management
- Extensive external communication with outside legal counsel, insurance companies, Insurance Brokers and other Safety and Risk Management Consultants
- Assess the physical work process and equipment, perform job safety analysis, and identify work habits, environmental factors and outside/personal factors that contribute to occupational injuries, define specific corrective measures and assist with return to work programs
- Communicate through personal interactions and follow-up monitoring to develop contributing factors and influences of CTDs
- Prepare recommendations detailing costs and benefits in order to assist management in the decision making
- Identify and develop documentation (written Job Analysis) for the physicians to review of potential modifications of work processes and the environment to enable a "restricted work" employee's return to work
- Develops and conducts work training programs to create awareness of risk and promote safe work habits as well as general ergonomics and safety training programs that are presented to supervisors and other trainers
- Ensure general training programs are available to the entire company
4
Experience For Analyst / Senior Analyst, Risk & Insurance Resume
- Develop intensive training for specific area experiencing higher incidence of claims, those with exposure to identified risk factors, or on a one to one level with injured employees or those at risk
- Conduct sessions that serve to raise the audiences' awareness of ergonomics and worker safety, and teach them to present the ideas to their employees
- Coordinates OSHA compliance throughout the company
- Research the federal register to ascertain the propsed rules and keep abreast of updates and new regulations
- Develop a comprehensive program with means to verify that efforts to control hazards have been achieved, as mandated by OSHA
- Identify the nature and extent of hazards, analyzing available data such as claims incurred, developing programs of preventation and control, developing written compliance plans, providing evidence that training and education has been provided to employees, and maintining a centralized record-keeping function
- Monitor and evaluate programs for effectiveness and assists departments with development and maintenance of their own programs
- Conducts loss control surveys to identify common physical hazards and performs accident investigations to determine the cause and develop corrective actions to prevent reoccurrence
5
Experience For Corporate Insurance Risk Analyst Resume
- Assists in enforcing risk policies, and develops reports that confirm and inform policy
- Assists in generating Risk RADAR reports
- Survey departmental areas as well as storage, operational and common areas to identify and document office hazards
- Generate recommendations to management and appropriate personnel via verbal instruction and/or written memo
- Conduct follow-up surveys to ensure hazard was addressed and corrected
- Assists in the developing, managing and monitoring of risk requirements for strategic projects and major USLI processes to provide the USLI Business with consistent and actionable risk guidelines, and to ensure Risk has proper documentation of assumptions, testing, and decision making
- Prepares analysis to identify and assess Uncontrolled Risk (i.e. risks unable to be managed through contract, process or pricing) that inform business decision making
6
Experience For Insurance Risk Analyst, Insurance Risk Resume
- Acts as subject matter expert for specific risks for internal and external reporting and surveys, as well as conducting industry research and analysis
- Follows risk governance procedures, and ensures risk concerns are documented/ communicated
- Provide risk oversight and representation for projects as assigned by Leadership
- Reviews contracts (such as Requests for Proposals (RFPs), leases and others) for risk related issues including, but not limited to, indemnity, risk of loss, insurance, etc
- Coordinates and manages open items with insurance brokers, follows-up on insurance renewals and ensures that insurance meets the terms and conditions specified
7
Experience For Analyst, Insurance Risk Management Resume
- Works with the accounting to compile quarterly reports and forecasts of exposure; assists in the operations and management of insurance programs to ensure regulatory compliance of MG Insurance (Group Insurance Company) and captives for each state that the Company operates in
- Assists in the auditing insurance policies for the Company and related vendors (TPAs) to ensure that the policies meet the intended coverage; coordinates insurance carrier audits
- Identifies gaps in coverage and measures to address gaps and communicates recommendations to management
- Assists in the management of captives for both property and casualty and health and benefits
- Coordinates, compiles, and prepares insurance underwriting data and applications for property and casualty insurances for submission to brokers and for captives
- Assesses and administers the transition of new insurance for company mergers or acquisitions
8
Experience For Insurance Industry Risk Analyst Summer Intern Resume
- Prepares spreadsheets, graphs, charts, diagrams, and other illustrative tools used in presentations
- Coordinates and manages allocation of premiums to business units and divisions
- Coordinates the issuance of certificates of insurance as needed on behalf of MedImpact and its affiliates
- Maintains current knowledge of and works within the parameters of the department’s policies and pre-established guidelines
- Regularly attends and participates in internal/external meetings
9
Experience For Multifamily Insurance Risk Analyst Resume
- Providing assistance to businesses corporate functions in analyzing complex risk data and ensuring that risks are properly identified, assessed, monitored, controlled and reported
- Participating in delivering risk management training to businesses and/or corporate functions, drafting policy statements, procedures, and processes as necessary, and updating and or maintaining ERM methodologies, tools and processes
- Improves financial status of the insurance product line by auditing, analyzing results; monitoring variances; identifying trends; recommending actions to management
- Analyze insurance product line trends and create audit and exception reporting based on findings
- Analyze sales performance to identify additional revenue opportunities for growth
10
Experience For Annuities & Insurance Central Review Unit Risk Analyst Resume
- Present work product to various levels within the organization as required
- Extensive exposure to corporate insurance policies, interaction with third party carriers and brokers
- Expertise in insurance products and services
- Advanced knowledge of MS applications especially Excel, PowerPoint
- Excellent programming experience/skills including desktop computing applications such as Visual Basic for Applications and SQL, MS Access, advanced MS Excel, MS Word, MS PowerPoint
- Communicate very technical, analytical or conceptual information and ideas to management, other risk professionals, and analytic developers
- A sound knowledge of all of the usual lines of coverage purchased by a corporation of National Grid’s size and nature; with a detailed understanding in some of these classes
List of Typical Skills For an Insurance Risk Analyst Resume
1
Skills For Insurance & Risk Analyst Resume
- Experience: 3 years of Treasury, Insurance, or Finance experience; Workers Compensation and Auto Liability claims management
- Comfortable working with ambiguity and through changing requirements and priorities while maintaining a positive and can-do attitude
- Prior participation in developing and implementing business continuity and disaster recovery plans
- Experience overseeing the design and placement of a corporate insurance program covering Casualty, Property, Professional Liability, & Cyber
- Demonstrate a general understanding of the control systems the organization has in place to internally control financial operations
2
Skills For Senior Analyst, RJF Insurance Risk Management Resume
- Experience using Microsoft Word, Excel, PowerPoint, Access, PeopleSoft
- Experience reviewing corporate contracts and certificate of insurance to ensure adequacy of insurance and indemnification language
- Work experience in insurance, claims adjusting, compliance, business analysis, project management or related fields
- Experience of working within a consumer general insurance environment
- Experience with manipulating complex data structures
- Or more experience - Property & Casualty Insurance and Claims
- Previous experience in Risk Management Department or Brokerage Firm
- Detailed oriented with excellent follow-up practices
3
Skills For Financial Analyst, Credit Risk & Insurance Resume
- Create and maintain effective relationships with internal and external clients
- Experience in Enterprise Risk Management principles, process and implementation
- Experience in Risk Management or Property/Casualty insurance
- Continue to cultivate strong relationships with Japanese markets
- Risk Management Information System experience
- Skill set in data-driven analysis
- Commercial risk insurance and claims experience
- Relevant experience in insurance and risk
4
Skills For Analyst / Senior Analyst, Risk & Insurance Resume
- Experience in risk management insurance services combined with exposure to a corporate environment
- Risk management, actuarial, or finance experience
- Participate in analyzing competitors' financial information, identifying their strengths and weaknesses, in comparison to the organization's
- Financial Reporting and Accounting
- Assists in providing risk oversight for assumption setting, risk and profitability metrics
- Generates benchmarking, dashboards and other reporting tools
5
Skills For Corporate Insurance Risk Analyst Resume
- Assists in the management and reporting of insurance claims working in conjunction with the Company’s Safety Officer
- Sense of urgency and problem solving
- Eager to expand knowledge, learn all aspects of the job, and willing to lead within a few years
- Analyze and identify opportunities for investing in insurance and reinsurance tools to reduce insurable risk
- Survey accident area and interviews appropriate personnel documenting necessary data specific to incident
- Attention to detail and follow through strengths
6
Skills For Insurance Risk Analyst, Insurance Risk Resume
- Reviews, understands, and participates in the renewal of Umbrella policies associated with underlying basic liability policies. Monitors and reports claims in excess of basic policy limits and tracks claims and settlements under Umbrella policy. Interprets and communicates policy terms. Assist in settlement negotiations
- Satisfies clients' requirements for bonds and/or letters of credit by performing due diligence, completing application, credit check and screening processes, assisting in language negotiations, participating in the renewal process and assisting with endorsements / amendments. Works with upper level analyst in the timely attainment for approvals
- Develops additional skills for the D&O, EPL, crime and Fiduciary policies and contracts by assisting upper level analyst with routine administration to include gathering information for the renewal application gathering process as well as premium allocation documents
- Establish and maintain financial risk management governance regarding insurable exposures to minimize volatility in financial performance
- Develop a structure to monitor financial risk exposure and leading indicators of financial volatility to support and create relevant reporting on executive and Board dashboards
- Review and negotiate insurance policies, including renewals, and manage relationships with third-parties
- Develop policies and KPIs related to insurable risks and develop and monitor trigger thresholds on those KPIs
- Develop and maintain insurance and reinsurance coverage strategy
- Identify insurance issues and resolve issues in a timely manner
7
Skills For Analyst, Insurance Risk Management Resume
- Update the Enterprise Risk Management Steering Committee and Board of Directors insight by providing relevant information regarding financial risk management strategies and exposures
- Continuously evaluate current insurance risk management strategies for ongoing effectiveness and changes in the macroeconomic environment
- Provide compliance and accounting support for capital markets solutions
- Participate in ongoing daily surveillance of market and industry events, industry trends, and macroeconomic trends
- Evaluate potential risk management and insurance solutions, develop strategic partnerships with strategic partners, and execute those solutions
- Advise and raise the awareness of risk elements (e.g., data inconsistencies, processes failure’s, manual adjustments and changes in reporting structure) with both Insurance Risk and Insurance Business Units
- Two (2) years or more experience in finance, analyst or insurance role
- Assess inconsistencies in the actual and budgeted spending and identify proactive programs to prevent them
- Analytical background (intermediate level)
8
Skills For Insurance Industry Risk Analyst Summer Intern Resume
- Proficient in MS Work, Excel, PowerPoint (intermediate level)
- MS Office - Create PowerPoint presentations and excel spreadsheets
- Review budgets for accuracy and process efficiency related to insurance
- Review budget spending patterns to support financial insurance forecasting and the development of projected financial statements, related to the budgeted revenue and cost targets
- Demonstrate a good understanding of metrics and data
- Demonstrate an understanding of management accounting systems
- Leverage existing tools to meet organizational needs
- Deliver high-quality, accurate, and complete management reporting information
- Identify appropriate metrics to assess initiatives
9
Skills For Multifamily Insurance Risk Analyst Resume
- Explain the rationale behind the collection and use of metrics
- Draw insightful conclusions, identifies trends, and recognizes patterns through data analysis and collection
- Connect insights generated from multiple data points to provide insightful recommendations
- Perform analyses on internal key performance indicators (KPIs)
- Organizational Finance Policies Compliance and Maintenance
- Assist in the continuous development of the organization's policies
- Analyze the impact of changes to organizational finance policies
- Encourage others to comply with all organizational regulations, policies, and processes
10
Skills For Annuities & Insurance Central Review Unit Risk Analyst Resume
- Recommend productive and practical updates and modifications to the organization's control policies and procedures
- Make advanced treasury management decisions
- Identify areas of opportunity or barriers for the organization's financing initiatives and insurance risk management by conducting a short-term (1-6 months) environmental scan
- Proven business analysis and problem solving skills. Ability to identify, analyze, and rectify project issues as they arise. Strong diagnostic skills
- Escalate and analyze requests from businesses who want to merge or acquire the organization
- Apply basic knowledge of business, insurance, and asset valuation techniques to address valuations
List of Typical Responsibilities For an Insurance Risk Analyst Resume
1
Responsibilities For Insurance & Risk Analyst Resume
- Knowledge of insurance markets, contractual risk transfer and risk management principles
- Collect and analyze data, draw conclusions from that data, and recommend improvements (processes, procedures, etc.)
- Insurance related certifications (CIC, CPCU, AIA, etc.)
- As required but not anticipated above 10%
- Preferably with progress towards relevant professional qualification (insurance, mathematics, statistics, actuarial)
- Assist in the development of risk management policies for the organization
- Certifications: Professional Certification such as ARM (Associate Risk Management) or CRM (Certified Risk Manager) or OSHA certification
- Investigate false claims
- Credit Checks LI-GP1
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