Sr Analyst- Insurance/ Risk Management

About the role

This position supports the strategic development, implementation, and effective administration of all corporate global insurance/risk management programs.

Responsibilities

• Support insurance renewals, multi-line claims management, and insurance-related initiatives, including identifying, measuring, and managing risks, developing reports and plans, and analyzing risk/insurance challenges/successes to optimize future operations.
• Facilitate insurance claims management and related activities, such as initial reporting, claim development, claim settlements, etc.
• Procure insurance (renewals and new placements) and related in-house services, including preparation of underwriting information, placement/renewal applications, and certificates of insurance.
• Procure surety bonds (renewals and new issuances) and related in-house services, such as preparation of bond forms and securing surety bond releases.
• Manage service provider/vendor relationships, including fulfillment of agreed services and report generation.
• Coordinate with insurance brokers, claim administrators, actuaries, insurance companies/underwriters, insurance consultants, and act as liaison with in-house legal counsel.
• Assess and recommend reserves for claims exposures, communicate with underwriters and internal accounting personnel about reserves, and produce monthly loss histories detailing net exposures.
• Support the development of proactive risk management techniques, such as operational audits to identify and minimize potential losses.
• Support the development of overall corporate risk management strategies using loss data and industry trends to determine optimal retention levels.
• Support the implementation of policies, procedures, and programs for reducing claims costs and frequency, including attending claim reviews, generating loss runs, and reviewing recurring incident reports.
• Perform other duties and special projects as requested by senior management.

Requirements

• Bachelor’s degree in risk management or other business-related field.
• 5+ years of progressive experience in claims management (litigated and non-litigated).
• Experience in the resolution of physical damage claims, including addressing disputed insurance coverage issues and third-party recoveries.
• Strong analytical and quantitative skills.
• Knowledge of risk management principles and practices in the Energy-Oil & Gas industry.
• Knowledge of current office practices and procedures related to risk management, including:
  • MS Office 365 (Excel, Word, PowerPoint).
  • Risk management information systems.
  • General risk management policies, procedures, and standards.
• Ability to interpret financial statements and reports.
• Ability to organize, analyze, and interpret data to solve issues.
• Ability to deal tactfully, effectively, and equitably with people.

Preferred Qualifications

• Adjuster License – All Lines (Property, Casualty & Surety, Workers' Compensation, Employer's Liability & USL&H).
• Associate in Claims (AIC) or Associate in Risk Management (ARM) certification.
• Working experience in the onshore/offshore oil and gas drilling industry or with an energy-related service company.
• 3+ years of progressive experience in claims management (litigated and non-litigated) for an organization with international operations.
• Experience with placement of insurance in both domestic and international insurance markets.
• Experience in the preparation of insurance renewal submissions and underwriter audits.
• Experience in a multi-entity, multi-national corporate environment.
• Experience with audits of data or organizational effectiveness, such as payroll audits or SOX Controls audits.

Skills

• Strong analytical skills.
• Ability to handle multiple projects simultaneously and meet strict deadlines.
• Strong problem-solving and negotiation skills.
• Strong written and verbal communication skills.
• Strong team player with the ability to work well within a team.
• Willingness to receive and provide constructive feedback.
• High tolerance for fast-paced environments.
• Strong communication and organizational skills.
• Motivated, energetic, self-starter.

Candidates must be currently authorized to work in the United States on a full-time basis. Nabors does not provide work visa sponsorship for this position, now or in the future.