Senior Analyst, Risk

Western Digital•Irvine, CA

7h•Onsite

About The Position

Supports Risk Management Department objectives regarding corporate insurance, loss prevention, and business continuity programs. Responsibilities include compiling underwriting information for coverage placement, claims administration, and loss reduction analysis, as well as providing administrative and coordination support to the Global Resilience Program. Domestic and international travel may be required. ESSENTIAL DUTIES AND RESPONSIBILITIES The Risk and Insurance Administrator is responsible for day-to-day administration of the company's property and casualty insurance programs and provides administrative and coordination support to the Business Continuity program. Specific duties include the following: Insurance Program Administration Manage the day-to-day administration of the corporate Risk Management program, emphasizing operational proficiency, clear communication, and process improvement. Collaborate with corporate Risk Management staff, insurance brokers, and business units to obtain information required for insurance applications and program marketing. Review leases, agreements, and contracts to ensure insurance requirements are appropriate and consistent with the company's current insurance program. Coordinate issuance of certificates of insurance as required by customers and company activities. Circulate insurance documents for signature as needed. Work with State agencies, service providers, and business units to monitor self-insurance and All-Other States workers compensation programs. Assist with administration of the company's Captive Insurance Company, including obtaining underwriting data for new coverage placements, developing premium finance contracts and schedules, and responding to annual audits. Maintain a premium invoice schedule and communicate adjustments to appropriate stakeholders. Process insurance invoices from brokers and insurers. Review insurance policy declarations, endorsements, and invoices for accuracy. Work with insurance brokers and carriers to coordinate follow up on required support documentation. Maintain and analyze historical pricing models to support premium forecasting and optimization decisions. Maintain Risk Management department records and the offsite storage register. Coordinate Loss Prevention inspections with insurers and site personnel. Encourage completion of open loss recommendations at critical sites by prioritizing and communicating the risk to site personnel. Participate in business development, mergers, acquisitions, and divestiture projects. Assist in ensuring acquired risks are covered under appropriate insurance programs. Claims Administration Report and monitor property, cargo, and liability claims. Conduct periodic follow up with internal stakeholders, insurance representatives, and third parties to stay current on claim status and conclude claims in an efficient and timely manner. Support business units with insurance claim processing as needed. Maintain historical records of all losses, insured and uninsured, including recoveries and reserves set by insurance companies. Global Resilience Program Support Support maintenance of current versions of Business Continuity Plans, templates, and program records in designated repositories. Coordinate scheduling and logistics for BCP-related activities including plan reviews, tabletop exercises, and training sessions. Track and follow up on open action items and tasks assigned to BCP stakeholders across business units; escalate overdue items to the program lead. Support distribution of BCP communications, surveys, and program updates to stakeholders across the company. Maintain BCP stakeholder contact lists and organizational data to ensure program records are current. Support onboarding of new BCP stakeholders by distributing program materials and coordinating introductory meetings. Other Duties Other duties may be assigned. Supervisory Responsibilities None Supervision Received: work independently with self-motivation, managing daily tasks, meeting deadlines and problem solving with minimal supervision. Must take ownership of results, including self-checking work for quality control

Requirements

Bachelor’s degree in business administration, Health & Safety, Risk Management & Insurance, or equivalent
3+ years of Risk Management, Finance, Loss Prevention, or related insurance industry experience
Insurance terminology and policy structures
Experience with international insurance placements
Communicate clearly in both verbal and written forms
Read, analyze, and interpret business documents, insurance policies, professional journals, technical procedures, and governmental regulations
Calculate percentages and interpret charts, bar graphs, and other data visualizations Reasoning Ability
Define problems, collect data, establish facts, and draw valid conclusions
Apply project management skills in a cross-functional environment
Exercise sound judgment when dealing with abstract and concrete variables
Conduct business in an ethical manner
Develop and maintain effective working relationships with internal personnel and external contacts
Maintain strict confidentiality in all matters
Works on moderately complex assignments requiring judgment in resolving issues and making recommendations
Understands the implications of work and proposes solutions accordingly
Recognizes when deviation from established policies may be in the best interest of the company and escalates appropriately
Follows departmental and organizational policies and procedures
Intermediate proficiency in MS Excel, MS Word, and MS PowerPoint
Proficiency in data visualization and reporting tools such as Power BI or SharePoint
Proficient with internet research and business email platforms
Ability to leverage AI-enabled applications to improve efficiency, decision-making, and workflow automation

Nice To Haves

Associate in risk management (ARM), Certified Property Casualty Underwriter (CPCU), or licensed broker preferred
Basic familiarity with Business Continuity concepts and terminology preferred; formal BC certification not required

Responsibilities

Manage the day-to-day administration of the corporate Risk Management program, emphasizing operational proficiency, clear communication, and process improvement.
Collaborate with corporate Risk Management staff, insurance brokers, and business units to obtain information required for insurance applications and program marketing.
Review leases, agreements, and contracts to ensure insurance requirements are appropriate and consistent with the company's current insurance program.
Coordinate issuance of certificates of insurance as required by customers and company activities.
Work with State agencies, service providers, and business units to monitor self-insurance and All-Other States workers compensation programs.
Assist with administration of the company's Captive Insurance Company, including obtaining underwriting data for new coverage placements, developing premium finance contracts and schedules, and responding to annual audits.
Maintain a premium invoice schedule and communicate adjustments to appropriate stakeholders.
Process insurance invoices from brokers and insurers.
Review insurance policy declarations, endorsements, and invoices for accuracy.
Work with insurance brokers and carriers to coordinate follow up on required support documentation.
Maintain and analyze historical pricing models to support premium forecasting and optimization decisions.
Coordinate Loss Prevention inspections with insurers and site personnel.
Participate in business development, mergers, acquisitions, and divestiture projects.
Report and monitor property, cargo, and liability claims.
Conduct periodic follow up with internal stakeholders, insurance representatives, and third parties to stay current on claim status and conclude claims in an efficient and timely manner.
Support business units with insurance claim processing as needed.
Maintain historical records of all losses, insured and uninsured, including recoveries and reserves set by insurance companies.
Support maintenance of current versions of Business Continuity Plans, templates, and program records in designated repositories.
Coordinate scheduling and logistics for BCP-related activities including plan reviews, tabletop exercises, and training sessions.
Track and follow up on open action items and tasks assigned to BCP stakeholders across business units; escalate overdue items to the program lead.
Support distribution of BCP communications, surveys, and program updates to stakeholders across the company.
Maintain BCP stakeholder contact lists and organizational data to ensure program records are current.
Support onboarding of new BCP stakeholders by distributing program materials and coordinating introductory meetings.

Benefits

paid vacation time
paid sick leave
medical/dental/vision insurance
life, accident and disability insurance
tax-advantaged flexible spending and health savings accounts
employee assistance program
other voluntary benefit programs such as supplemental life and AD&D, legal plan, pet insurance, critical illness, accident and hospital indemnity
tuition reimbursement
transit
the Applause Program
employee stock purchase plan
the WD Savings 401(k) Plan