Business Risk Consultant

Factory Mutual Insurance Company
Park Ridge, IL
Full-time

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions.

FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research;

risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

The core objective of Business Risk Consulting is to enhance FM relationships with clients, improving client senior and executive management's awareness of the resilience of key business drivers through a quantitative analysis, ultimately increasing client retention and gaining new business.

To achieve this, BRC offers a range of risk consulting services to assist both FM clients and FM client service teams.

Responsibilities :

Provide business risk consulting services to current and potential FM; this includes regularly meeting and presenting to senior client management to develop a sound understanding of the client's business model, critical processes and profit drivers - with a view to analyzing and mitigating the risks faced by these aspects of client operations. Responsibilities include :

  • Provide general risk advisory, business impact analyses, ERM, business continuity management support, financial risk support services, insured values quantification and training to FM clients.
  • Conduct financial modelling and analysis to quantify the financial impact of disruption-related risks to client operations.
  • Elevate the clients' awareness of their critical business risks and exposures and providing business-focused resilience strategies.
  • Solve our client's property-related risk management issues. Create opportunities for client services teams to access our client's senior and executive management and reinforce our position as a strategic partner to our clients.
  • Provide internally focused insurable value reporting and exposure projects, and other financial support services to FM client service teams.

Including, regular interaction with account managers, account engineers and FM operations and division management.

Delivery of training courses around such topics to further demonstrate the portfolio of value-adding services that FM can deliver.

Such as, insurable values reporting, supply chain exposure analysis, business impact analysis, and business continuity and resilience planning.

  • A bachelor degree in Business, Accounting and / or Finance from a recognized university (CPA and / or MBA preferred).
  • 4 to 8+ years experience in a consulting environment (risk consulting or other such professional services advisory preferred).

Consulting experience to external clients preferred, but internal consulting candidates considered.

  • Strong ability to understand our clients' business models and produce strategic, quantitative analysis. Financial modelling experience preferred.
  • Excellent written and verbal communication skills (strong presentation, MS Word, Excel and PowerPoint skills crucial).
  • Excellent interpersonal and consultancy skills, as well as a positive and innovative outlook.
  • Willingness to travel as part of this role (approximately 30-40%).

Compensation, Grade, and Job Title will be determined based on qualifications, experience, and technical skillset.

The position is eligible to participate our comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, paid time off allowances and much more.

FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

LI-TA1

1 hour ago
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