Financial Analyst, Property & Casualty Insurance
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Job Location:
Cleveland, TN - USA
Monthly Salary:
Not Disclosed
Posted on:
11 hours ago
Vacancies:
1 Vacancy
Job Summary
This position is responsible for performing key functions involving the management of the companys global insurance programs. The individual will work cross-functionally with internal and external stakeholders including Enterprise and Division Finance Groups insurance carriers brokers and third-party service providers.
This role is not hybrid/remote and will report to our Global Headquarters in Cleveland OH.
Because this role involves access to confidential financial information the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.
Responsibilities
CORE RESPONSIBILITIES AND TASKS
- Supports the companys global insurance programs including self-insured property claim program workers compensation program subrogation support global premium payments and filing new insurance claims.
- Analyze department data and prepare recurring and ad hoc reports to support month and quarter end close processes.
- Provides day-to-day support & service to all locations regarding the application and interpretation of the companys risk management & insurance programs.
- Manage the monthly accrual process for property insurance and international claims including reconciliation of all related accounts.
- Gathers and validates underwriting data for insurance program renewals in accordance with established guidelines and with brokers to assist in the marketing of the global insurance program.
- Participate in the adjustment of insured losses and coordinate with operating management in the preparation of claims.
- Manages the global stock throughput insurance program.
- Manage the global property loss control program that utilizes multiple vendors performing fire protection jurisdictional inspections and infrared audits.
- Compiles information required to support the management of the Companys insurance captive.
- Provides support for all key department projects including acquisition integration and vendor RFPs
Claims Management:
- Work with Risk Management broker team members and loss adjusters to provide support for claims management of both property and workers compensation claims.
- Maintain process for assessing extent of employee injuries and provide technical expertise to resolve claims while partnering with loss adjuster.
- Review and evaluate claim reserves for timeliness appropriateness and adequacy to ensure accurate financial reporting.
- Facilitate strategic claim discussions and resources to maximize opportunities for claim resolution including leveraging claim settlements.
- Communicate with appropriate HR/EHS site/store management on claim resolution and action plan for injured employees.
- As necessary engage outside counsel to assist in resolving workers compensation claims.
- Engage and counsel LOA Team HR or EHS Managers with recommendations referencing and applying internal policies processes state laws or regulations.
Major Activities and Key Challenges:
- Ability to prioritize tasks to meet defined deadlines in a dynamic environment
- Supporting cross-functional projects involving individuals throughout the organization
- Identify operational risks and opportunities
- Operate with close attention to detail and a focus on enhancing controls
Qualifications
POSITION REQUIREMENTS
FORMAL EDUCATION:
Required:
- Bachelors degree
Preferred:
- Bachelors degree in Finance or Accounting
KNOWLEDGE & EXPERIENCE:
Required:
- 2 years experience inInsurance/Claims Management or Finance experience
- Business Knowledge includes a working knowledge of SW structure business processes and operations.
- Skill set includes problem solving critical thinking organizational skills excellent (oral and written) communication skills and a capability to work independently.
- Experience working in a cross-functional team environment to implement process improvements.
Preferred:
- Ability to interface with top management
TECHNICAL/SKILL REQUIREMENTS:
Required:
- Intermediate Microsoft Office Skills
- Ability to analyze data and make decisions quickly
- Intermediate analytical and problem-solving skills.
- Strong interpersonal skills including written and oral communication skills
- Strong organizational skills and attention to detail.
- Proven ability to meet deadlines while managing multiple projects.
Preferred:
- History implementing or supporting systems
- History of working with Oracle and EPM
Travel: 10%
Required Experience:
IC
Key Skills
- Cognos
- Forecasting
- Hyperion
- Microsoft Access
- Pivot tables
- Accounting
- Analysis Skills
- Microsoft Excel
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Planning
About Company
At Sherwin-Williams, our purpose is to inspire and improve the world by coloring and protecting what matters. Our paints, coatings and innovative solutions make the places and spaces in our world brighter and stronger. Your skills, talent and passion make it possible to live this purp ... View more
