Risk Analyst

• Location 111 W. 16th Avenue,Suite 400,Anchorage, AK, 99501,United States
• Employee Type FT Exempt
• Required Degree 4 Year Degree

Contact information

• Name HR

The Risk Analyst is a mid-level professional operating in the BBNC Finance Department. This role demonstrates a basic knowledge of commercial insurance, accounting, economics and business typically obtained through completion of a college degree in one of these fields, plus one year or more of professional level experience. Candidates must possess a high degree of interest and commitment to developing the skills necessary for a successful career in corporate risk management and risk finance.

• Execution of the Risk Management and Insurance Program for the Corporation and subsidiaries to ensure that significant hazard risks are identified and an efficient and appropriate balance between risk retention and risk transfer is maintained.
• Assist in the Corporation’s commercial insurance renewal process from the development and collection of the submission materials through program design and negotiation of the coverages with the broker and carriers.
• Review, validation and correction of any errors for insurance policies issued by insurers.
• Identification of appropriate risk mitigation tools as primary point of contact with third party provider of such services.
• Assist with Claims management, negotiation and settlement.
• Communication with Operations, Legal, Finance, Human Resources, insurance brokers, consultants, actuaries, captive managers, TPAs and insurers
• Performance of risk management administrative tasks such as surety bond issuance, workers’ compensation filings and certificates of insurance.
• Allocate risk cost to subsidiary companies using appropriate bases for allocation.
• Assist operating companies to ensure compliance related to OSHA recordkeeping and filings and other related regulatory requirements.
• Program design, renewal process, policy issuance, regulatory filings and other processes related to BBNC’s captive insurance company.
• Analysis of loss information to proactively identify trends and mitigate future losses.
• Development of tools for internal communication of risk management policies and procedures.
• Review of draft contracts, leases, MSA’s and similar documents for insurance requirements as requested by subsidiaries. Propose appropriate revisions to minimize administrative burden and risk shifting to BBNC companies.
• Participation in broader enterprise risk management initiatives.
• Participate in the execution of the Internal Audit program with focus on follow through with completion and close out of recommendations.
• Participate in the due diligence process associated with the corporation’s mergers and acquisitions effort.
• Provide input to the quarterly Audit Committee report from Risk Management.
• Participate in budgeting and forecasting processes.

To perform this job successfully, an individual must possess the basic knowledge and skills necessary to perform the basic duties in a satisfactory manner following a limited period of orientation and training. The minimum requirements listed below are representative of the knowledge, skill, and/or ability required.

• One to three years of professional level experience performing corporate insurance and risk management duties or functions. Training and experience with accounting and/or financial analysis duties or functions can satisfy a portion of the experience requirements.
• Experience with Microsoft Applications including Excel, Word, PowerPoint, and Teams.
• Strong verbal and written communication skills including strong interpersonal and listening skills. Excellent presentation and facilitation skills. Ability to establish and maintain effective working…