Risk & Insurance Analyst

Essential Job Functions

* Works with Risk Manager to maintain the company's risk management framework, policies, and procedures.

* Drives sales activity of Crane's Shippers Interest program via educational tools for sales, streamlining workflows and rate optimization with insurers.

* Track/trend Shippers Interest activity to drive increased product revenue and to increase penetration rate

* Process COI requests from clients, vendors, etc.

* Requests and manages COI's in support of Crane's Vendor Management process, ensuring valid and proper evidence of insurance that meets contractual obligations of our vendors

* Identify, assess, and allocate risks across business units.

* Perform quantitative and qualitative risk analysis using statistical models and industry benchmarks.

* Collect, validate, and interpret large datasets to quantify risk exposures in collaboration with brokers and insurance carriers.

* Prepare detailed risk reports and dashboards for senior management and program compliance.

* Maintain models such as Origami to support claims, location and financial information.

* Translate data findings into actionable insights for business stakeholders.

* Request and maintain evidence of insurance for all primary and contingent programs.

* Verify risk program aligns with internal policy, industry standards, and material agreement requirements.

* Collaborate with Risk leadership to develop risk transfer, Total Cost of Risk tracking reports and other strategic projects.

* Investigate alternative risk transfer strategies and assist in developing related risk policies and procedures.

* Work closely with Risk leadership, brokers and underwriters on the development of new and renewal insurance market submissions.

* Other duties as assigned

Other Skills & Abilities

* Loss analysis and trend evaluation (frequency, severity, root cause)

* Risk transfer vs. risk retention analysis

* Coverage gap analysis and benchmarking

* Data analysis and interpretation (loss runs, exposure schedules, KPIs)

* Understanding of contractual risk transfer and indemnity provisions

* Strong attention to detail and documentation accuracy

* Expert/Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)

* Strong interpersonal and communication skills (verbal, written and comprehension)

* Highly motivated and energetic with a proven ability to work in a fast-paced and continually changing environment

* Ability to operate independently and within a team environment

* Ability to work with technical and non-technical staff at all levels

* Excellent time management and organizational skills

* Demonstrates initiative and adaptability

Physical Requirements

* Talking, hearing and using hands to operate a computer keyboard, mouse and other computer components

* Vision abilities required by this job include close vision and the ability to adjust focus

* Job may require extended sitting or standing, use of standard office equipment

* Job will require punctual attendance and regular presence on-site at the assigned work location

Education & Experience

* Bachelor's degree in Risk Management, Finance, Economics, Actuarial Science, Statistics, or related field is preferred.

* 2+ years of experience in shippers interest programs, insurance risk analysis, underwriting support, actuarial work, or a similar analytical role.

* 2+ years of experience in transportation and/or supply chain industry is preferred

* Strong quantitative skills and proficiency in analytical tools (e.g., Excel, Power BI/Tableau and Origami).

* Knowledge of insurance products, underwriting principles, and regulatory frameworks.

* Experience with RMIS systems (ex. Origami, Riskonnect, Aclaimant, etc.)

CERTIFICATIONS AND LICENSES

* Professional certification may be required in some areas.

WHY SHOULD YOU WORK FOR CRANE?

At Crane, we believe in providing our employees with excellent benefits at a Great Place to Work.

We offer:

* Quarterly Incentive Plan

* 136 hours of Paid Time Off which equals 17 days for the year, that can be used for Sick Time or for Personal Use

* Excellent Medical, Dental and Vision benefits

* Tuition Reimbursement for education related to your job

* Employee Referral Bonuses

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