Risk Analyst

True Oil•Casper, WY

3d•Onsite

About The Position

The Risk Analyst administers and supports risk-management and loss-prevention programs to protect company assets, reduce the frequency and severity of losses, and maintain cost-effective insurance coverage. The role analyzes exposures across company operations, properties, vehicles, equipment, contracts, projects, products, and services, and identifies trends, gaps, and opportunities to mitigate risk. The position maintains insurance, policy, premium, coverage, and claims records and assists with the placement, renewal, marketing, and administration of corporate insurance programs. It coordinates with brokers, carriers, third-party administrators, claims adjusters, attorneys, consultants, and internal stakeholders on program administration, claims, loss-control recommendations, and risk-management initiatives. The Risk Analyst receives and reports claims, organizes and analyzes claim documentation, monitors claim handling, and maintains complete claim files. The role also tracks workers’ compensation cases and coordinates return-to-work and accommodation efforts; prepares risk and claims reports; responds to audits and information requests; processes bond renewals and invoices; and provides insurance certificates and related documentation. The position requires maintaining confidentiality of claim, medical, financial, legal, insurance, and employee information.

Requirements

Bachelor’s degree in a related field and two to four years of experience in risk management, commercial insurance, contract administration, or vendor compliance; an equivalent combination of education and/or experience may be considered.
Working knowledge of insurance coverages, claims, risk assessment, certificates of insurance (COIs), and policy terminology.
Ability to define problems, collect data, establish facts, and draw valid independent conclusions.
Ability to analyze data and complex insurance, contractual, legal, financial, and technical documents to identify trends, solve problems, and reach sound independent conclusions.
Strong organizational, analytical, and customer-service skills.
Ability to prepare clear reports, correspondence, summaries, presentations, and other business communications.
Ability to manage multiple priorities, maintain accurate records, meet deadlines, and use discretion with confidential information.
Proficiency with Microsoft Office applications, including Outlook, Excel, Word, and PowerPoint.
Ability to use Excel to analyze data, develop reports, track key performance indicators, and maintain insurance and claims records.
English fluency, verbal and written.
Acceptable results of a pre-employment background check, credit check, and drug/alcohol test.

Nice To Haves

Wyoming insurance license, or ability to obtain one within one year of employment.
CPCU, ARM, AIC, CRM, or other relevant insurance or risk-management education, certification, or continuing education.

Responsibilities

Administer and support risk-management and loss-prevention programs to protect company assets, reduce loss frequency and severity, and maintain cost-effective insurance coverage.
Analyze risk exposures related to company operations, properties, vehicles, equipment, contracts, projects, products, and services; identify trends, gaps, and mitigation opportunities.
Maintain accurate records of insurance policies, endorsements, premiums, deductibles, coverage, claims, carriers, and brokers.
Assist with annual placement, renewal, marketing, and administration of corporate insurance programs, including underwriting submissions, exposure data, proposal review, documentation, and evaluation of coverage terms, limits, deductibles, exclusions, and endorsements.
Coordinate with insurance brokers, carriers, third-party administrators, claims adjusters, attorneys, consultants, and internal stakeholders on insurance administration, claims, loss-control recommendations, and risk-management initiatives.
Receive, set up, document, and report workers’ compensation, automobile, cargo, property, general liability, and other claims as appropriate; provide timely notice of loss to carriers, third-party administrators, and other stakeholders.
Collect, organize, and analyze claim documentation; monitor claim-handling activities to support investigations, coverage and liability evaluations, reserving, follow-up, resolution, and complete claim-file maintenance.
Track workers’ compensation lost-time, medical-only, and restricted-duty cases; coordinate return-to-work and accommodation efforts with Human Resources, supervisors, medical providers, and other stakeholders.
Prepare and maintain risk-management reports, claim summaries, loss runs, and exposure information.
Assist with responses to insurance audits, carrier requests, broker inquiries, regulatory inquiries, and internal information requests.
Process bond renewals and invoices and maintain an annual bond inventory by company and state.
Provide insurance certificates, evidence of insurance, and related documentation to the Legal Department and other internal stakeholders.
Maintain confidentiality of claim, medical, financial, legal, insurance, and employee information.