Risk Management Specialist

The Risk Management Specialist supports the Companys insurance claims and risk management programs through a combination of program administration claims oversight insurance compliance review reporting and risk-related analysis. The position serves as a key resource in the administration of claims and insurance programs working closely with internal stakeholders insurance brokers carriers and third-party administrators. This role exercises independent judgment in reviewing claims activity evaluating insurance and risk management information identifying issues requiring follow-up or escalation recommending corrective actions and supporting initiatives that improve risk management effectiveness. The position is responsible for overseeing day-to-day risk management processes while providing recommendations that assist management in reducing risk controlling costs and ensuring compliance with company you will do:Claims Administration & OversightAdminister and oversee assigned property and other claims programs to support timely reporting investigation resolution and claim activity loss information and claim documentation to identify issues trends potential exposures and opportunities for claim cost claim developments compare potential courses of action and determine when matters require follow-up escalation or additional review by management brokers carriers third-party administrators or legal counsel based on the significance of the exposure cost compliance issue or operational with internal stakeholders and external claims partners to facilitate effective claim management and open claims and independently provide recommendations regarding claim handling concerns emerging issues reserve or exposure considerations and loss reduction in identifying claim trends and recurring loss drivers and recommend actions that support improved claim Program AdministrationReview certificates of insurance endorsements policy-related documents and other insurance records to determine compliance with company requirements and recommend corrective action or escalation when coverage contractual or risk-transfer concerns are insurance documentation renewals audits exposure information gathering and underwriting information submitted in support of insurance renewals and audits for completeness accuracy and as a subject-matter resource to internal business partners regarding insurance documentation requirements and risk transfer with brokers carriers vendors and operational teams to resolve insurance related issues and support effective program Management Information System (RMIS) Administration & ReportingAdminister the Risk Management Information System (RMIS) ensuring risk and claims information is accurate complete and system data and reports to identify discrepancies reporting issues and opportunities to improve data maintain and distribute routine and ad hoc reports supporting risk management claims administration insurance renewals and operational enhancements to reporting processes data management practices and system utilization to improve efficiency and as a departmental resource regarding RMIS reporting and information Analysis & Decision SupportAnalyze claims loss run exposure and insurance-related information to identify trends emerging issues and opportunities for operational reports summaries and presentations that support managements understanding of risk exposures and program issues requiring management attention evaluate available options and provide recommendations for corrective action process improvements escalation or further departmental projects and initiatives through research analysis and recommendations that may affect company policies procedures operating practices or risk-control Compliance & Process ImprovementMaintain risk management policies procedures records and related existing processes and identify opportunities to improve compliance consistency operational effectiveness and data improvements to claims administration insurance administration reporting and risk management workflows including changes that improve compliance cost control operational effectiveness or risk implementation of risk management initiatives and operational improvements across the : The job duties above provide a general sense of the role; though additional duties may be assigned as you will shine:Associates degree in risk management business administration or insurance preferred or equivalent combination of education and applicable certifications and experience. 24 years of experience in risk management insurance operations claims administration or a related with Risk Management Information Systems (RMIS) or similar reporting platforms knowledge of commercial insurance claims processes and risk management principles. Experience reviewing and analyzing claims insurance documentation or risk-related information. Ability to exercise discretion and independent judgment when evaluating risk-related information determining appropriate follow-up or escalation and recommending actions on matters of operational financial compliance or reputational analytical organizational and problem-solving skills. Strong written and verbal communication skills. Ability to effectively manage multiple priorities and work independently within established guidelines.