Risk Analyst II

Howard Energy Partners • San Antonio, TX

4d

About The Position

The Risk Analyst II supports the functions of the group in the placing and administration of insurance programs, including the Owner Controlled Insurance Program (OCIP), for Howard Energy Partners and affiliated companies with a focus on accurate financial reporting, cost allocation, and effective program execution in coordination with Risk Management, Accounting, and Operations teams. Duties/Responsibilities: Administers insurance related accounting functions, including annual budgeting, cost allocation, invoice processing, and forecast to actual variance analysis, ensuring accuracy and alignment with internal controls. Supports the administration of the OCIP’s by guiding contractors through enrollment, ensuring required documentation is completed, assisting with monthly payroll reporting, coordinating with third party administrators (TPAs) on claims, and supporting the preparation and distribution of periodic ROCIP reports. Supports insurance program administration and renewals for all insurance policies and programs across HEP and its subsidiaries, including preparation of underwriting information, coordination with insurance carriers, and analysis of coverage structures and limits. Coordinates with Operations and Engineering teams by planning and conducting site visits at HEP asset locations and maintaining effective communication to facilitate timely and accurate reporting. Supports claims management activities coordinating with the Legal Department and insurance carriers through claim resolution, and managing auto claims with third party carriers and repair vendors. Provides collateral and surety program support by assisting with the procurement and renewal of surety bonds required for HEP operations and administrative functions, in coordination with brokers and surety representatives. Performs other related duties as assigned.

Requirements

• General knowledge of insurance and risk management concepts, including common lines of coverage, claims processes, deductibles/retentions, and insurance program administration.
• Accounting and financial analysis skills, with the ability to support insurance program budgeting, cost allocation, invoice processing, and variance analysis.
• Proficiency in Microsoft Excel, including use of formulas, data reconciliation, and cost allocations.
• High attention to detail and accuracy, particularly when working with financial data, insurance documentation, and reporting requirements.
• Effective communication skills, with the ability to work cross functionally with Accounting, Risk Management, Legal, Operations, and external partners such as insurers and third-party administrators.
• Bachelor’s degree in a relevant field preferred
• 2+ years of accounting and/or risk management/insurance experience

Responsibilities

• Administers insurance related accounting functions, including annual budgeting, cost allocation, invoice processing, and forecast to actual variance analysis, ensuring accuracy and alignment with internal controls.
• Supports the administration of the OCIP’s by guiding contractors through enrollment, ensuring required documentation is completed, assisting with monthly payroll reporting, coordinating with third party administrators (TPAs) on claims, and supporting the preparation and distribution of periodic ROCIP reports.
• Supports insurance program administration and renewals for all insurance policies and programs across HEP and its subsidiaries, including preparation of underwriting information, coordination with insurance carriers, and analysis of coverage structures and limits.
• Coordinates with Operations and Engineering teams by planning and conducting site visits at HEP asset locations and maintaining effective communication to facilitate timely and accurate reporting.
• Supports claims management activities coordinating with the Legal Department and insurance carriers through claim resolution, and managing auto claims with third party carriers and repair vendors.
• Provides collateral and surety program support by assisting with the procurement and renewal of surety bonds required for HEP operations and administrative functions, in coordination with brokers and surety representatives.
• Performs other related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees