Risk Management Analyst

Medline Industries, LP•Northfield, IL

1d•$73,000 - $110,000

About The Position

Responsible for supporting risk management activities at Medline including the execution of Medline’s global insurance program and risk control initiatives. Work with key risk stakeholders to identify, measure, and manage insurable risks to achieve strategic objectives.

Requirements

Bachelor’s degree.
At least 2 years of Finance, Risk Management, or related discipline.
Understanding of insurance process.
Ability to comprehend and navigate policy wording.
Advanced knowledge of: Outlook, Microsoft Excel, and Word applications.
Excellent communication and organizational skills.
Must have strong customer relationship skills.
Experience analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and find solutions.
Experience using time management skills such as prioritizing/organizing and tracking details and meeting deadlines of multiple projects with varying completion dates.
Detail oriented with a strong sense of follow-up and completion.
Ability to work with a diverse set of stakeholders and provide excellent customer service.
Willing to travel up to 15% of the time for business purposes (within state, out of state, and international).

Nice To Haves

ARM certification/licensure.
Intermediate skill level in SAP.
Risk Management experience in a corporate environment or experience working with insurance brokers.
Experience with Origami Risk.
Prior experience in the healthcare or life sciences industries.

Responsibilities

Support Medline’s insurance and risk programs by working with third party service providers including brokers, insurers, consultants, and TPAs.
Gather, analyze, and provide data for insurance renewal, update property values by location, issue certificates of insurance, and process insurance invoices.
Provide recommendations for updates and alterations to the policies, practices and processes as necessary.
Ensure receipt of all insurance policies and review policy wording to confirm accuracy.
Gather global exposures for the insurance program across the Company and work with accounting to allocate the insurance premiums.
Coordinate loss control programs between Medline and insurance carriers in support of risk improvement.
Attend loss control surveys to communicate Medline’s risk mitigation strategies.
Ensure understanding of insurance company recommendations to improve business practices.
Work with location contacts to implement solutions and reduce Medline’s risk.
Compile required information from various sources in order to submit insurance claims.
Follow-up with adjusters and business partners to ensure accurate payment of claims.
Support broader risk management services, such as risk consulting to business partners, contract reviews, vendor COI tracking, business continuity and certain budget and financial needs.
Continuously improve the company’s risk management program.
Utilize Medline’s Risk Management Information System for tracking, reporting, and collecting required insurance information.
Validate and enhance existing data as new information is gathered.