Lead Risk and Insurance Analyst

AES US•Louisville, CO

1d•Hybrid

About The Position

The AES Corporation (NYSE: AES), a Fortune 500 company, is a leader in the global energy revolution, operating in 14 countries and committed to shaping a future through innovation and collaboration. Recognized as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022 and certified as a Great Place to Work, AES is dedicated to its people and groundbreaking ideas. As the #1 globally ranked company in renewable energy sales to corporations, with $12.7B in revenues in 2023, AES provides electricity to 25 million customers worldwide. The company is committed to meeting the Paris Agreement's goals by 2050 and is driving rapid, global decarbonization with innovative solutions like 24/7 carbon-free energy for data centers. This role is with AES Clean Energy Services, LLC, located in Louisville, CO, with telework permitted two days per week and 10% domestic and international travel.

Requirements

4 years of experience in any occupation involving risk insurance management or a related field.
Four (4) years of experience in reviewing and analyzing insurance policies (Casualty, Property, Financial Program and Cyber).
Strong reporting skills with experience in Power BI or similar tools.
Three (3) years of experience in analyzing claims frequency, severity, loss ratio, premium growth rate and exposure.
Three (3) years of experience in conducting monthly reporting, invoicing, and reviewing financial transactions.

Nice To Haves

Experience with Power BI or similar data visualization tools.

Responsibilities

Conduct high-quality analysis to support development, legal, construction, and operations activities from an insurance perspective, managing contractual risks and implementing insurance programs.
Develop new analytical methods to support the Risk and Insurance Management Office’s renewal and payment processes.
Communicate regularly with various departments (Finance, Operations, HR, Purchasing, etc.) to ensure compliance with Risk and Insurance Management responsibilities.
Collect and analyze complex data related to business changes, including new assets, sales, operations, and financial obligations.
Provide technical and analytical support for claims, including coordinating with brokers, adjusters, and business areas on property and financial data.
Maintain relationships with internal departments, brokers, insurance companies, and third-party vendors to manage insurance and risk effectively.
Review and analyze the insurance portfolio to ensure adequate coverage, eliminating redundancies, and negotiating better premiums or terms based on the company’s risk profile.
Evaluate all types of insurance policies (Casualty, Property, Financial Program and Cyber) to ensure they meet the organization’s risk coverage needs, examining wording, exclusions, deductibles, and coverage limits.
Collect and analyze data for underwriting ensuring accurate reporting of exposures and risks.
Review and analyze different types of contracts to assess insurance and liability requirements, ensuring proper wording and alignment with the company’s risk strategy.
Manage budgeting, forecasting, and payment processing (Including creation of PR, PO and invoice tracking) to ensure accurate financial planning and compliance with business objectives.
Conduct comprehensive risk assessment of M&A projects, identifying potential risks and developing mitigating strategies.
Analyze claims frequency, severity, loss ratio, premium growth rate and exposure to adjust insurance policies coverage, deductibles and limits.
Conduct monthly reporting, invoicing, and reviewing financial transactions to identify discrepancies, analyze complex data, and ensure proper allocation of payments.
Develop procedures, forms and educational information for dissemination to the Company and Businesses through periodic reports.