Risk Management Analyst

OVERVIEW

Authentic. Supportive. Fun. To experience human resources at Ulta Beauty is to step out of the mundane and into an environment alive with optimistic energy. After all, success breeds opportunity, and the opportunities to help drive an organization at the top of its game to even greater heights are as uncommon as they are satisfying.

It’s fast, it’s ambitious, it’s anchored in trust. With the chance to move or flex based on new or existing interests and passions. If you want that rare culture of lived values, where “team” truly means something. Where the drive for excellence is balanced with a genuine desire to help and encourage. And where the mark you make will be seen and recognized—we challenge you to dream bigger.

To imagine the possibilities.

The Risk Management Analyst supports the organization’s workers’ compensation, general liability, and Captive Insurance programs by analyzing loss data, monitoring claim performance, and collaborating with internal teams and third-party administrators to reduce the total cost of risk. This role is crucial in translating complex claims and actuarial data into actionable insights for leadership, ensuring alignment with retail and distribution operations, legal strategy, and financial goals.

Additionally, the Risk Management Analyst will assist with insurance procurement and administration, as well as risk management financial budgeting, tracking, and reporting to support effective decision-making across the organization.

• Analyze workers’ compensation and general liability claims data to identify loss drivers, trends, and emerging risks across retail and distribution locations.
• Monitor claim severity, frequency, litigated claim ratios, and reserve adequacy; elevate concerns and recommend corrective actions as necessary.
• Prepare loss summaries, dashboards, and executive-level reports for risk, finance, legal, and operations leadership.
• Support the management of the casualty insurance program, including deductible, self-insured retention, and captive structures.
• Support the procurement and administration of insurance policies by coordinating with brokers, underwriters, and internal stakeholders to gather necessary data, complete applications, and maintain accurate policy records.
• Lead risk management financial budgeting, tracking, and reporting, ensuring costs are accurately projected, monitored, and communicated to leadership for effective decision-making.
• Track total cost of risk metrics, pure loss rates, and key performance indicators in comparison to retail peers and industry benchmarks.
• Partner with actuarial, finance, and brokerage teams during renewals, forecasts, and budget planning processes.
• Collaborate with in-house claims team, third-party administrators (TPAs), insurance carriers, and defense counsel to ensure timely reporting, effective claim handling, and adherence to best practices.
• Review TPA performance metrics, including three-point contact, early investigation, litigation management, and closure rates.
• Support initiatives aimed at reducing attorney involvement through early intervention, mediation, and employee engagement strategies.
• Work closely with Legal, People Success, Safety/EH&S, and Store Operations teams to improve incident timely reporting, claim outcomes, and return-to-work results.
• Assist in developing training materials and guidance for field leadership on incident reporting and claims awareness.
• Provide data-driven insights to inform policy decisions, safety initiatives, and risk mitigation strategies.
• Ensure accurate documentation and data integrity across claims systems, insurance platforms, and internal reporting tools.
• Assist with audits, carrier data calls,…