Compliance & Risk Analyst

Hannover Re

1d•$79,100 - $107,000

About The Position

The Compliance & Risk Analyst supports the Company's third-party oversight and risk management programs by conducting financial and operational compliance audits of delegated authority partners. The audits assess compliance with key terms of Program and Claims Administrator agreements, applicable regulatory requirements, and Company policies. The role also supports the enterprise risk management framework by partnering with business stakeholders to identify, document, implement, and monitor internal controls. The position's work is allocated approximately 70% to program partner audits, 20% to risk management, and 10% to due diligence for new delegated authority programs. Domestic travel, including overnight stays, is required approximately 20% of the time.

Requirements

Bachelor of Science or Bachelor of Arts degree from an accredited college or university.
At least 5 years of property and casualty insurance industry experience.
Experience implementing processes, internal control systems, and process improvements.
Demonstrable skills with Microsoft Office and similar business software applications.
Excellent verbal and written communication skills.
Excellent planning, problem-solving, and critical-thinking skills.
Effective organization and time-management skills, including the ability to work under pressure and meet project deadlines.
High degree of initiative, mature judgment, and discretion.
Ability to adapt quickly to changing situations.
Strong analytical skills.
Ability to travel domestically approximately 20% of the time, including overnight stays.

Nice To Haves

Finance or accounting degree.
Controls audit experience.

Responsibilities

Conduct financial and operational audits of program partners, including agents and claims third-party administrators with delegated underwriting and claims handling authority.
Assess program partners' compliance with contractual obligations, regulatory requirements, and Company policies.
Evaluate the design and operating effectiveness of controls supporting delegated underwriting and claims processes.
Support enterprise risk management initiatives and other compliance monitoring activities.
Work with functional areas to maintain risk governance documentation, including process narratives and risk and controls matrices.
Support internal controls testing and implementation of corrective action plans.
Perform operational, financial, and compliance due diligence reviews of prospective delegated authority partners.