Risk Analyst

nVent • Saint Louis Park, MN

5d • $76,000 - $141,100 • Hybrid

About The Position

We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions. WHAT YOU WILL EXPERIENCE IN THIS POSITION: The Risk Analyst supports the Risk & Insurance Department, responsible for the global procurement of insurance and Fleet Management, provides claim support and oversight, leads risk transfer, manage fleet vendor relationship, explore initiatives to reduce and mitigate risk to the business on an enterprise-wide scale. Here, you will make an impact by: Insurance Program Support: Compile and analyze renewal exposure and claims data for annual placements and actuarial reviews; coordinate broker and insurer deliverables. Claims Oversight & TPA Coordination: Liaise with third-party administrator (TPA) to ensure accurate reporting, coding, and escalation of claims; track claim progress and maintain compliance documentation. Contractual Risk Management: Review insurance language in contracts; request and track Certificates of Insurance (COIs); ensure compliance with owner and project specifications. Surety/Bond Management: Coordinate bid, performance, and payment bonds with broker; partner with bond requestors to confirm forms and amounts per RFP/contract requirements. Fleet Risk Management: Manage outsourced fleet administrator relationship; align KPIs and projects to ESG goals; support global fleet incidents and documentation. Systems & Reporting: Administer and provide training on Origami RMIS platform; monitor cost and claims reports, including other ad-hoc reports. Risk Governance: Partner with Legal on insurance clauses and indemnities; maintain evidence of coverage across regions. Collaborate cross-functionally with other departments to drive/improve company risk maturity.

Requirements

• Bachelor’s degree in Business Administration, Accounting or Finance and/or 5+ years of equivalent experience.
• Ideally 3+ years of risk management, fleet management or related field experience, preferably with a multi-national manufacturing company in a private/public sector.
• Effective time management skills and the ability to manage multiple tasks/projects.
• Strong problem-solving and analytical skills, including the ability to analyze complex data sets.
• Applies critical thinking skills to understand and organize complex projects.
• Excellent verbal and written communication skills with the ability to work independently and be a self-starter.
• Detail-oriented, with a strong sense of follow-up and completion.

Responsibilities

• Insurance Program Support: Compile and analyze renewal exposure and claims data for annual placements and actuarial reviews; coordinate broker and insurer deliverables.
• Claims Oversight & TPA Coordination: Liaise with third-party administrator (TPA) to ensure accurate reporting, coding, and escalation of claims; track claim progress and maintain compliance documentation.
• Contractual Risk Management: Review insurance language in contracts; request and track Certificates of Insurance (COIs); ensure compliance with owner and project specifications.
• Surety/Bond Management: Coordinate bid, performance, and payment bonds with broker; partner with bond requestors to confirm forms and amounts per RFP/contract requirements.
• Fleet Risk Management: Manage outsourced fleet administrator relationship; align KPIs and projects to ESG goals; support global fleet incidents and documentation.
• Systems & Reporting: Administer and provide training on Origami RMIS platform; monitor cost and claims reports, including other ad-hoc reports.
• Risk Governance: Partner with Legal on insurance clauses and indemnities; maintain evidence of coverage across regions. Collaborate cross-functionally with other departments to drive/improve company risk maturity.

Benefits

• Medical, dental, and vision plans along with flexible spending accounts, short-term and long-term disability benefits, critical illness, accident insurance and life insurance.
• A 401(k) retirement plan and an employee stock purchase plan — both include a company match.
• Other supplemental benefits such as tuition reimbursement, caregiver, personal and parental leave, back-up care services, paid time off including volunteer time, a well-being program, and legal & identity theft protection.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees