Senior Insurance Analyst - Property & Casualty

Bank of America • Charlotte, NC

11d • Onsite

About The Position

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for managing the company's exposure to insurance risk and/or claims management. Key responsibilities include selecting and overseeing negotiations with insurers and vendors, expense control and ensuring accuracy of budgets and reserves. Job expectations include conducting exposure evaluations, claims processing, insurance hedging, underwriting, delivering trend analysis, and driving loss prevention initiatives on behalf of stakeholders.

Requirements

• Demonstrated analytical skills, intellectual curiosity
• Resourceful, able to research information – a problem solver
• Excellent communication, teamwork and business partnering skills
• Intermediate to advanced experience with Microsoft suite
• Proven writing skills to all different audience levels
• High School Diploma / GED / Secondary School or equivalent

Nice To Haves

• 1-2 years of Insurance industry experience preferred but not required
• BS/BA degree (Insurance & Risk Management and / or Finance preferred) or related work experience

Responsibilities

• Identifies, researches, analyzes, structures, and negotiates insurance hedges via underwriting
• Investigates, litigates, subrogates, and negotiates insurance settlements via claims processing
• Identifies, analyzes, structures, and negotiates surety bonds
• Consolidates, reviews and maintains policy documentation, monitors insurer credit quality and loss developments
• Develops and delivers executive and management level reporting and presentations
• Leverages underwriting and claims knowledge to provide advice on strategic solutions for exposure hedging

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED
• Number of Employees: 5,001-10,000 employees