Risk & Insurance Analyst

Crane Worldwide Logistics

About The Position

Essential Job Functions Works with Risk Manager to maintain the company’s risk management framework, policies, and procedures. Drives sales activity of Crane’s Shippers Interest program via educational tools for sales, streamlining workflows and rate optimization with insurers. Track/trend Shippers Interest activity to drive increased product revenue and to increase penetration rate Process COI requests from clients, vendors, etc. Requests and manages COI’s in support of Crane’s Vendor Management process, ensuring valid and proper evidence of insurance that meets contractual obligations of our vendors Identify, assess, and allocate risks across business units. Perform quantitative and qualitative risk analysis using statistical models and industry benchmarks. Collect, validate, and interpret large datasets to quantify risk exposures in collaboration with brokers and insurance carriers. Prepare detailed risk reports and dashboards for senior management and program compliance. Maintain models such as Origami to support claims, location and financial information. Translate data findings into actionable insights for business stakeholders. Request and maintain evidence of insurance for all primary and contingent programs. Verify risk program aligns with internal policy, industry standards, and material agreement requirements. Collaborate with Risk leadership to develop risk transfer, Total Cost of Risk tracking reports and other strategic projects. Investigate alternative risk transfer strategies and assist in developing related risk policies and procedures. Work closely with Risk leadership, brokers and underwriters on the development of new and renewal insurance market submissions. Other duties as assigned Other Skills & Abilities Loss analysis and trend evaluation (frequency, severity, root cause) Risk transfer vs. risk retention analysis Coverage gap analysis and benchmarking Data analysis and interpretation (loss runs, exposure schedules, KPIs) Understanding of contractual risk transfer and indemnity provisions Strong attention to detail and documentation accuracy Expert/Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) Strong interpersonal and communication skills (verbal, written and comprehension) Highly motivated and energetic with a proven ability to work in a fast-paced and continually changing environment Ability to operate independently and within a team environment Ability to work with technical and non-technical staff at all levels Excellent time management and organizational skills Demonstrates initiative and adaptability Physical Requirements Talking, hearing and using hands to operate a computer keyboard, mouse and other computer components Vision abilities required by this job include close vision and the ability to adjust focus Job may require extended sitting or standing, use of standard office equipment Job will require punctual attendance and regular presence on-site at the assigned work location Education & Experience Bachelor’s degree in Risk Management, Finance, Economics, Actuarial Science, Statistics, or related field is preferred. 2+ years of experience in shippers interest programs, insurance risk analysis, underwriting support, actuarial work, or a similar analytical role. 2+ years of experience in transportation and/or supply chain industry is preferred Strong quantitative skills and proficiency in analytical tools (e.g., Excel, Power BI/Tableau and Origami). Knowledge of insurance products, underwriting principles, and regulatory frameworks. Experience with RMIS systems (ex. Origami, Riskonnect, Aclaimant, etc.) CERTIFICATIONS AND LICENSES Professional certification may be required in some areas. WHY SHOULD YOU WORK FOR CRANE? At Crane, we believe in providing our employees with excellent benefits at a Great Place to Work. We offer: Quarterly Incentive Plan 136 hours of Paid Time Off which equals 17 days for the year, that can be used for Sick Time or for Personal Use Excellent Medical, Dental and Vision benefits Tuition Reimbursement for education related to your job Employee Referral Bonuses Employee Recognition and Rewards Program Paid Volunteer Time to support a cause that is close to your heart and contributes to our communities Employee Discounts Wellness Incentives that can go up to $100 per year for completing challenges, in addition to a discount on contribution rates Come join the leader in logistics and take your career in the right direction. Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. We maintain a drug-free workplace and perform pre-employment substance abuse testing. This position requires the final candidate to successfully pass an E-Verify Check. More Information: http://www.dhs.gov/e-verify [http://www.dhs.gov/e-verify] Company benefits are contingent upon meeting eligibility requirements and plan conditions.

Requirements

Loss analysis and trend evaluation (frequency, severity, root cause)
Risk transfer vs. risk retention analysis
Coverage gap analysis and benchmarking
Data analysis and interpretation (loss runs, exposure schedules, KPIs)
Understanding of contractual risk transfer and indemnity provisions
Strong attention to detail and documentation accuracy
Expert/Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
Strong interpersonal and communication skills (verbal, written and comprehension)
Highly motivated and energetic with a proven ability to work in a fast-paced and continually changing environment
Ability to operate independently and within a team environment
Ability to work with technical and non-technical staff at all levels
Excellent time management and organizational skills
Demonstrates initiative and adaptability
Talking, hearing and using hands to operate a computer keyboard, mouse and other computer components
Vision abilities required by this job include close vision and the ability to adjust focus
Job may require extended sitting or standing, use of standard office equipment
Job will require punctual attendance and regular presence on-site at the assigned work location
2+ years of experience in shippers interest programs, insurance risk analysis, underwriting support, actuarial work, or a similar analytical role.
Strong quantitative skills and proficiency in analytical tools (e.g., Excel, Power BI/Tableau and Origami).
Knowledge of insurance products, underwriting principles, and regulatory frameworks.
Experience with RMIS systems (ex. Origami, Riskonnect, Aclaimant, etc.)

Nice To Haves

Bachelor’s degree in Risk Management, Finance, Economics, Actuarial Science, Statistics, or related field is preferred.
2+ years of experience in transportation and/or supply chain industry is preferred
Professional certification may be required in some areas.

Responsibilities

Works with Risk Manager to maintain the company’s risk management framework, policies, and procedures.
Drives sales activity of Crane’s Shippers Interest program via educational tools for sales, streamlining workflows and rate optimization with insurers.
Track/trend Shippers Interest activity to drive increased product revenue and to increase penetration rate
Process COI requests from clients, vendors, etc.
Requests and manages COI’s in support of Crane’s Vendor Management process, ensuring valid and proper evidence of insurance that meets contractual obligations of our vendors
Identify, assess, and allocate risks across business units.
Perform quantitative and qualitative risk analysis using statistical models and industry benchmarks.
Collect, validate, and interpret large datasets to quantify risk exposures in collaboration with brokers and insurance carriers.
Prepare detailed risk reports and dashboards for senior management and program compliance.
Maintain models such as Origami to support claims, location and financial information.
Translate data findings into actionable insights for business stakeholders.
Request and maintain evidence of insurance for all primary and contingent programs.
Verify risk program aligns with internal policy, industry standards, and material agreement requirements.
Collaborate with Risk leadership to develop risk transfer, Total Cost of Risk tracking reports and other strategic projects.
Investigate alternative risk transfer strategies and assist in developing related risk policies and procedures.
Work closely with Risk leadership, brokers and underwriters on the development of new and renewal insurance market submissions.
Other duties as assigned

Benefits

Quarterly Incentive Plan
136 hours of Paid Time Off which equals 17 days for the year, that can be used for Sick Time or for Personal Use
Excellent Medical, Dental and Vision benefits
Tuition Reimbursement for education related to your job
Employee Referral Bonuses
Employee Recognition and Rewards Program
Paid Volunteer Time to support a cause that is close to your heart and contributes to our communities
Employee Discounts
Wellness Incentives that can go up to $100 per year for completing challenges, in addition to a discount on contribution rates

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