Senior Insurance and Risk Analyst

Quaker Houghton•Conshohocken, PA

About The Position

The Senior Insurance and Risk Analyst will coordinate the renewal processes for all lines of insurance, including compiling exposure data necessary for each coverage. This role involves interaction with various Finance, Facilities, Human Resources, and Operations groups globally. The analyst will also manage claims, process invoices, review loss runs, and generate certificates of insurance. Additionally, the position requires maintaining strong relationships with internal and external clients, supporting Legal in analyzing contract provisions, preparing premium allocations, and responding to insurance-related inquiries. A willingness to assist the treasury team with daily activities such as cash management, forecasting, and foreign exchange management is also expected.

Requirements

Expertise in the development, production, and application of industrial process fluids, lubricants, and coatings.
Experience working with large industrial and manufacturing companies.
Global presence and collaborative culture.
Competitive compensation and benefit programs.

Responsibilities

Coordinate the renewal processes for all lines of insurance, including compilation of exposure data necessary for each coverage.
Provide timely notice of workers’ compensation and third-party liability claims to appropriate insurer or third-party administrator.
Provide notice of a circumstance to Quaker Houghton’s captive insurer on potential liability claims that could exceed the underlying insurance limits.
Work with Legal and Operations on reserve and settlement strategies.
Process internal invoice requisitions and billing documents for supervisory approval.
Review invoice statements for accuracy and address billing issues to final resolution.
Review loss runs; identify costs/benefits of insurable v. retained risks, participate in claim reviews and strategy sessions with senior management.
Prepare monthly/quarterly loss reports for Corporate/ Legal review as requested.
Generate property & casualty certificates of insurance requests upon request.
Maintain strong working relationships with internal (Finance, Legal, HR, EHS representatives) and external (insurance brokers and underwriters) clients.
Maintain working knowledge of the global property/casualty insurance marketplace.
Support Legal in analyzing insurance and risk management provisions in current and potential contracts.
Prepare premium allocations for both U.S. and Foreign subsidiaries; provide budget guidance.
Respond to general insurance questions from sites.
Assist treasury team with daily activities including cash management and forecasting, foreign exchange management and other tasks as needed.