Risk Analyst

Targa Resources Corp. is seeking a Risk Analyst to work within the corporate Risk Management and Insurance group, reporting to the Manager, Risk Management and Insurance.

About the role

The Risk Analyst will assist in the placement and administration of the corporate insurance program, including preparing underwriting submissions and presentations, reviewing coverage binders and insurance policies, policy audits, contract reviews, and claim handling oversight.

Responsibilities

• Support the execution of the strategic and operational objectives of the risk management and insurance function.
• Work closely with the Legal Department, Supply Chain, Operations, and Commercial Services to develop and/or review revised contract language and maintain a clear understanding of those provisions.
• Monitor Targa’s compliance with insurance covenants in various agreements to ensure that defaults do not occur.
• Review and analyze insurance policies when interpretation of contract terms is needed or when identifying differences in selected terms across contracts.
• Build, maintain, and manage relationships with claims adjusters and other claim-related parties.
• Maintain an efficient process for claim reporting, administration, and management.
• Administer and maintain a robust surety bond portfolio.
• Provide support to the captive management internal and external teams, as needed.
• Review, prepare, and submit invoices for processing.
• Collaborate with the Risk Management and Insurance team to ensure Targa’s exposures are identified and analyzed on an ongoing basis.
• Develop analysis and reporting as needed.
• Lead projects as assigned.
• Perform periodic travel (e.g., property risk surveys, underwriter meetings, policyholder conferences).
• Perform other duties as assigned.

Requirements

• Bachelor’s Degree required; additional education in Risk Management and Insurance preferred.
• A minimum of 1 year of experience in the risk management and insurance field; OR an equivalent combination of related education, training, and work experience.
• Preferred designations: CPCU, ARM, and/or other commercial insurance designations.
• Excellent organizational skills and the ability to work on multiple tasks with little supervision.
• Ability to handle complex issues as appropriate.
• Excellent interpersonal, written, and oral communication skills.
• Computer savvy with strong working knowledge of the full MS Office Suite.
• Regular and reliable attendance.