Senior Insurance Analyst

Job Title: Senior Insurance Analyst Job Code: 107521 Summary The Senior Insurance Analyst is responsible for assisting the Director and Manager, Corporate Insurance in the administration of the NiSource Corporate Insurance Programs, which includes but will not be limited to General Liability, Automobile Liability, Workers Compensation, Excess Liability, Property, Executive Liabilities, Surety, Aircraft Liability, and others. This role is accountable for supporting the Manager, Corporate Insurance in the administration of the annual NiSource corporate insurance renewal, certificate of insurance distribution, surety & performance bond program, facilitating third party loss control and risk assessments and establishing and negotiating contracts and service agreements. The Corporate Insurance department is responsible for the strategic planning and oversight of NiSource's comprehensive insurance programs and captive, as well as, directing risk management processes in collaboration with other departments to assure employees, customers, and assets are protected. The department functions in a fast-paced corporate environment, with varying tasks and providing key analyses, insights, documentation, dashboards, and metrics Principal Duties and Responsibilities Senior Insurance Analyst Coordinates all phases of the insurance program renewal including project timeline development, data collection, review of exposures to identify significant changes in risk exposure, development of submission/application for renewal process, reviewing broker proposals and assisting in making recommendations to senior management. Ensures administration of corrective endorsements, invoices and policies as needed. Obtains and distributes, as required, various evidence of renewal for internal and external stakeholders (certificates of insurance, auto id cards, workers compensation posting notices). Works with Tax Department to ensure compliance on all applicable taxes related to placement of insurance. Assists with the management of critical departmental databases. Acts as an advisor to the business units with respect to coverage terms/conditions, communication of retentions/deductibles, including review of various business contracts. Oversees the issuance of surety bonds for operations and manages the release process. Negotiates effective contract terms to transfer risk and protect NiSource's interests through the review of internal contracts, third party contracts and hold harmless agreements. Facilitates loss control inspections and risk assessments between external consultants and internal stakeholders; oversees assessment of resulting recommendations process; tracks and reports implementation of recommendations to senior management. Provide training and education to key internal stakeholders on insurance processes. Compiles, organizes and formats data, including qualitative analysis required for internal and external reporting. Identifies and researches reporting issues, provides recommendations, assists with the adoption of new reporting requirements and provides support on business case development. Takes action to identify, analyze and improve existing processes within organization to maximize opportunities for efficiency and effectiveness. Recognize exceptions as they occur and resolve problems of varying scope and complexity on own initiative. Lead Insurance Analyst Includes Senior Insurance Analyst duties plus: Leads the development of insurance projects by conducting various analyses. Promotes continuous improvement and innovative approaches. Creates and updates materials to be presented to the Risk Management Committee and other executive audiences. Translates technical analyses into communication materials to effectively present to colleagues for peer review and discussions with stakeholders. Acts as subject matter expert and assists in development of contractual risk transfer strategy specific to insurance terms and conditions Maintains knowledge of trends in insurance industry, including thorough working knowledge of insurance products, coverage, and pricing Independently answer questions related to insurability risks and opportunities General understanding of insurance captive financials and impact of captive to the parent company Required Qualifications for Position Bachelor's Degree from an accredited college/university or equivalent work experience required. Minimum of three to five years of experience in a Legal, Insurance, Claims, or Risk Management department Strong skillset in Microsoft Office (Excel, Word, and PowerPoint) is required. Advanced communication skills required. This includes ability to represent the company to external stakeholders, as well as provide presentation support and leadership to senior executives within the company. Strong interpersonal and written communication skills, strong organizational skills, attention to detail, consistency, dependability, willingness/confidence to manage projects and follow-through independently. Strong analytical, innovative and critical thinking skills. Demonstrate sound judgment and initiative in working within departmental and corporate guidelines, including the ability to handle highly confidential information. Strong time management skills, ability to prioritize, and the ability to multi-task effectively. Travel could be expected 10-15%. Time might be required outside of traditional business hours Preferred Additional Qualifications for Position Professional designations commensurate with the profession (i.e. AIC, ARM, CPCU, etc.) is a plus. Insurance brokerage or insurance company strongly preferred. Six Sigma background a plus. Proficiency in Risk Management Information System is preferred. Disclaimer This description is not designed to be a complete list of all duties and responsibilities required of the position. Work Authorization Authorized to work in the United States without requiring sponsorship. Inclusion & Diversity Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners. Respect and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent all walks of life and all backgrounds. Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment. Equal Employment Opportunity NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle. By applying, you may be considered for other job opportunities. Safety Statement Promote a safe work environment by actively participating in all aspects of our employee safety program. Report any unsafe conditions and take actions to prevent personal injuries. Support our interdependent safety culture by ensuring the safety of your co-workers. Stay focused on the task at hand and promote productivity through good work habits. Salary Range: $77,400.00 - $116,200.00 Posting Start Date: Posting End Date (if applicable): Please note that the job posting will close on the day before the posting end date. At NiSource, you'll be part of the team serving nearly four million customers throughout the Midwest and Mid-Atlantic, who count on us to energize their homes and businesses. Whether speaking with customers by phone, analyzing financial data or installing new gas lines in a neighborhood, you'll meet exciting challenges each day and make the most of your skills and talents. And you'll be part of a company that was named by Forbes magazine as one of America's Best Large Employers. We're looking for talent from all backgrounds. We invite candidates of all abilities to come as they are and do what they love. Through our years of successful growth, we've stayed true to our roots by making a difference in the lives of millions of our customers. If you're interested in joining an inclusive, innovative company that fosters opportunity for growth, NiSource might be the place for you.

Created: 2024-10-29