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Risk Management Analyst

Risk Management Analyst

TerexNorwalk, CT, US
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Risk Management Analyst

We are seeking a detail-oriented, very organized Risk Analyst to join our Risk Management team. This role will help implement and administrate our programs globally. They will also be involved in identifying and evaluating potential risks within the organization. They will be assisting in the management of the Risk Management database system, analysis of data, documents and information related to insurance policies, claims history, and assist in running the day to day operations of the Risk Management department.

This role is ideal for someone who is organized, has good computer skills, able to manage a variety of tasks and interested in risk management. Candidate must have at least three years of work experience.

What You'll Do

Analytical Support :

  • Origami Support : work with support team to set up and maintain processes in their platform, including but not limited to Property Records and Value Collection Process (PVC), multi-hierarchy set-up, Certificates of Insurance processes - both incoming and outgoing, Real Estate Report.
  • Policy review and renewal : Analyze existing insurance policies to ensure adequate coverage, negotiate with brokers to optimize policy terms and premiums during renewal processes.
  • Claims management : Monitor claims activity, investigate incidents, and coordinate with adjusters to minimize claim costs.
  • Reporting and communication : Prepare reports on risk assessments, loss trends, and risk management initiatives for senior management and stakeholders.
  • Compliance monitoring : Ensure adherence to regulatory requirements and company risk management policies.

Administrative Support :

  • Process insurance premium and claim invoices and submit forms for new suppliers as required.
  • Maintain in-house hard copy files and secure electronic files. Manage off-site file storage for easy access and retrieval.
  • Assist in reporting in areas such as budget review and analysis, accruals and invoice processing and tracking.
  • Review monthly budget reports and keep up-to-date with any changes to Account Payables and financial and data processing, including TMS, Basware, and ServiceNow.
  • Update documentation of all current processes as needed.
  • Manage Risk Management Request mailbox email traffic, ensuring speedy response times for inquiries and resolving issues.
  • Maintain Power of Authority and Letters of Authorization document storage and retrieval.
  • Crisis24 (Worldcue) Database Maintenance : Work with Crisis24 tech team to review / purge old accounts and address any maintenance issues.
  • Assist team members with registration, account set-up, and travel itinerary uploads, and answer questions about travel safety service and features.
  • Prepare Travel Insurance Certificates as needed for international travelers.
  • Customs Power of Attorney Forms - assist with US POA renewals, preparing documents and securing officer signatures as needed. Maintaining POA and Letters of Authorization documentation storage and retrieval.
  • Required Qualifications :

  • Associate's or Bachelor's Degree
  • 3+ years of work experience
  • Proficient in MicroSoft Office 365 (heavy use of outlook, Excel, PowerPoint)
  • Ability to learn and / or work within a variety of software programs such as Share Point, Baseware, Origami, Alert Driving / Fleet Defense, Bra inshark.
  • Ability to use effective written and verbal communication skills to present information to different stakeholders.
  • Ability to analyze situations, identify root causes, and develop practical solutions.
  • Preferred Qualifications :

  • Basic understanding of various insurance policies, coverage types, and underwriting principles.
  • Familiarity with risk identification, assessment, and mitigation strategies.
  • Proficient in using data analysis software to manipulate and interpret data.
  • Salary : The salary range for this position is $80,000 - 100,000. In addition to base salary, this position is eligible for a performance bonus. All eligible Team Members will be offered health insurance (medical, dental, vision, Rx), life insurance, accidental death & dismemberment (AD&D), short-term and long-term disability, extended leave options, paid time off, company holidays, 401k matching, employee stock purchase plan, legal assistance, wellness programs, tuition reimbursement and discount programs.

    Why join us :

  • We are a global company, and our culture is defined by our Values Integrity, Respect, Improvement, Servant Leadership, Courage, and Citizenship.
  • Safety is an absolute way of life. We expect all team members to prioritize safety and commit to Zero Harm.
  • Our top priority is creating an inclusive environment where every team member feels safe, supported, and valued.
  • We make a positive impact by providing innovative solutions, engaging our people, and operating in a sustainable way.
  • We are committed to helping team members reach their full potential.
  • Through innovation and collaboration, our vision remains forward-looking, and we aim to be a catalyst for change, inspiring others to build a better world for generations.
  • About Terex :

    Terex Corporation is a global industrial equipment manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. We design, build, and support products used in maintenance, manufacturing, energy, minerals and materials management, construction, waste and recycling, and the entertainment industry. We provide best-in-class lifecycle support to our customers through our global parts and services organization, and offer complementary digital solutions, designed to help our customers maximize their return on their investment. Certain Terex products and solutions enable customers to reduce their impact on the environment including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, and Asia Pacific and sold worldwide.

    The Company offers competitive salaries, advancement opportunities, and a full range of benefits, including paid vacation, 401(k), medical, dental, and vision.

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