Insurance Analyst/Associate-Insurance & Risk Specialist

Responsibilities

• Aid in managing insurance programs and developing risk management processes.
• Collaborate with departments across the enterprise and contribute to the development of policies, procedures, and risk mitigation strategies.
• Coordinate with insurance brokers, carriers, and third-party vendors to obtain information, resolve issues, and support program administration.
• Draft, review, and redline Hold Harmless Agreements and gather insurance documents required for blood drives.
• Work with NYBC’s attorneys to review insurance requirements in contracts for compliance.
• Collect information from stakeholders to complete and submit insurance applications accurately and efficiently.
• Coordinate the timely renewal of all insurance policies to ensure continuous coverage for NYBC.
• Prepare and organize documentation for insurance audits, respond to auditor inquiries, and ensure compliance with audit requirements.
• Communicate insurance updates, changes, and requirements to internal departments and external partners.
• Manage the payment process for claims to ensure timely and accurate processing in compliance with insurance policies and regulations.
• Maintain and update the organization's insurance SharePoint site, ensuring all documents, policies, and procedures are current and easily accessible.
• Submit insurance notifications and work closely with claims adjusters, the Legal Department, and business units to support efficient and effective claim management.
• Create, analyze, and interpret insurance-related analytics and KPIs (e.g., claims trends, coverage utilization, exposure summaries) and present findings to departments across the enterprise.
• Assist in developing, implementing, and updating enterprise-wide risk management processes, practices, and policies.
• Identify opportunities for process improvement in insurance workflows, claims handling, or risk reporting.
• Provide general support such as producing written reports, insurance summaries, and performing various insurance-related tasks, as needed.
• Participate in meetings and committees as needed.
• Make recommendations for improvements of business unit’s processes and practices.
• Works on special projects as assigned.

Qualifications

• Bachelor’s degree in Business, Finance, or other related degree.
• 5 years of experience in insurance coordination, claims management, risk management, or related roles.
• Experience supporting insurance policy administration, including applications, renewals, audits, and document management.
• Exposure to creating dashboards, reports, or KPIs is preferred.
• Knowledge of developing or supporting the creation of organizational policies, procedures, or risk mitigation processes.
• Experience supporting the development or execution of risk management strategies, including identifying exposures, documenting risks, or assisting with mitigation plans.
• Knowledge of a variety of software applications (Microsoft Office Suite).
• Experience in using document management and insurance database software.

Skills

• Cultural competency and effective communication in a culturally sensitive manner with individuals and groups from diverse backgrounds.
• Strong interpersonal skills to handle a variety of complex issues and situations.
• Demonstrated poise, tact, and diplomacy in dealing with a variety of staff up to and including executive leadership.
• Strong organizational skills.
• Strong attention to detail in all work processes.
• Maintains a high level of confidentiality.
• Ability to maintain accurate paper and electronic records.
• Ability to work independently with minimal supervision.
• Ability to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands.
• Ability to identify complex problems in a timely manner, decipher information to develop and evaluate options and implement solutions.
• Ability to effectively solicit, cultivate, and build relationships with constituents and organizations.

Benefits

• This Position is Remote 3 Days a Week with Benefits.
• The proposed hourly salary is $38.72p/hr. to $43.85p/hr. for applicants who will perform this position in New York City or Westchester County.
• Salary will reflect local market rates and be commensurate with the applicant’s skills, job-related knowledge, and experience for applicants who will perform this position outside of New York City or Westchester County.
• All posted opportunities are located in the New York or Greater Tri-State office locations.