Insurance Specialist

Risk Management

Research, evaluate, and make recommendations on trends in risk management and loss control strategies to minimize potential risks.

Insurance Renewal Process

• Collect underwriting information across the company's portfolio
• Manage contract reviews
• Negotiate terms and premiums
• Handle broker communications during the annual renewal process

Financial Analysis & Reporting

• Aid in preparing budgets, forecasts, and financial reports
• Analyze insurance premiums
• Evaluate the financial performance of insurance programs and captives
• Determine premium allocations

Claims Management

• Oversee claims management
• Coordinate with third-party administrators
• Communicate with insurers and operational groups
• Facilitate claim review meetings
• Analyze claim reserves

Vendor & Broker Relations

• Maintain strong relationships with insurers, brokers, and program administrators
• Manage services provided by these partners
• Ensure all aspects of the insurance program run smoothly

Data Analysis & Reporting

• Analyze loss data
• Prepare management reports
• Identify loss data trends
• Implement risk mitigation strategies as needed

Insurance Certificates & Documentation

• Collaborate with brokers to issue insurance certificates, Auto ID cards, and other necessary insurance documents
• Manage day-to-day interactions related to insurance needs

Contract Support

• Assist in the review of contracts to ensure risk-related provisions comply with insurance policies
• Assure competitiveness in the marketplace