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Insurance & Actuarial Services Analyst - Risk Management

Enterprise Holdings
St. Louis, MO, US
Full-time

Overview

is a leading provider of mobility solutions, owning and operating the , and brands through its integrated global network of .

Enterprise Mobility and its affiliates offer extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services, to make travel easier and more convenient for customers.

Privately held by the Taylor family of St. Louis, Enterprise Mobility together with its affiliate Enterprise Fleet Management manages a diverse fleet of 2.

3 million vehicles and accounted for nearly $35 billion in revenue through a network of more than 10,000 fully-staffed neighborhood and airport rental locations in more than 90 countries and territories.

Responsibilities

Insurance Programs

  • Participate in formulation and negotiation of insurance placement and renewal strategies
  • Gather underwriting requirements from other departments to submit to insurers
  • Establish and maintain strong partnerships with broker partners throughout the insurance placement process
  • Manage the administration of self-insurance in all 50 states submit loss, vehicle and financial information to individual state Departments of Insurance, investigate and respond to questions from the states, serve as first point of contact with state personnel, and maintain self-insurance certificates for group vehicles
  • Review insurance language in contracts and agreements for multiple business lines and make recommendations to ensure compliance with insurance programs and mitigate risk
  • Participate in company’s insurance administration, including
  • Surety bond program
  • Insurance certificates
  • Insurance policies and associated acceptance / rejection forms
  • Premium payment / true-up

Actuarial Analysis

  • Conduct actuarial analysis for the company’s insurance and self-insurance programs
  • Estimate company’s reserve fund and captive loss reserves
  • Work closely with accounting to reconcile reserve fund and captive reserves and paid losses
  • Review reserve fund and captive financials for reasonability
  • Consult with outside actuaries when necessary for best practices
  • Responsible for the accuracy of their own estimates
  • Conduct peer review of the actuarial analysis of team members
  • Communicate results to management

Analytics

  • Collect risk related loss and exposure data and validate its accuracy
  • Apply analytical skills and tools to identify correlations between risk trends and business practices and communicate them with the business, providing insights and recommendations
  • Perform ad-hoc analysis for all areas within Risk Management

Pricing

  • Develop pricing for the company’s self-insurance losses and losses within an insurance deductible
  • Use actuarial methods to project the loss cost associated with all property and casualty charges to Groups
  • Determine property and casualty charges to Groups
  • Consult with Groups on pricing changes from the prior year
  • Responsible for the accuracy of own projections

Loss Reporting

  • Develop accurate and timely loss reporting and analyze the reports to identify meaningful loss trends
  • Communicate report results and analysis conclusions with Risk Management Managers, Corporate Business Managers and other key business partners

Risk Assessment

Conduct risk assessment of the company’s loss exposuresUse actuarial methods to estimate losses within an insurance layerAssist in the determination of the most cost-effective insurance retention / deductible level

Competencies :

  • Results-Oriented
  • Working With a Team
  • Planning and Organizing
  • Detail-Oriented
  • Analyzing
  • Communication
  • Flexibility
  • Ethics and Values

Equal Opportunity Employer / Disability / Veterans

Qualifications

Minimum :

  • Bachelor’s Degree (Actuarial Science, Business, Statistics, Risk Management, or Mathematics)
  • Must be authorized to work in the United States and not require work authorization sponsorship by our company for this position now or in the future
  • One (1+) year of experience in analysis, customer service, or risk management
  • 4 days ago
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