Insurance Analyst (Mid/Sr. Levels) - Salt Lake City, UT - #112960
Company: PacifiCorp
Location: Salt Lake City
Posted on: November 16, 2024
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Job Description:
Insurance Analyst (Mid/Sr. Levels) - Salt Lake City, UT -
#112960
Date: Nov 14, 2024
Location: SALT LAKE CITY, UT, US, 84116
Company: PacifiCorp
JOIN OUR TEAM!PacifiCorp is seeking customer-centric candidates to
grow and sustain our commitment to a culture of customer service
excellence, environmental sustainability and diversity, equity and
inclusion.
General PurposeManage projects and initiatives with major risks.
Identify and assess areas of potential risk to the assets, earning
capacity, or success of organization. Develop, recommend and
implement risk-assessment models and methodologies. Evaluate the
implementation of risk reduction strategies. Plan, develop and
assist in negotiations of property and casualty insurance coverage
placements. ResponsibilitiesResponsibilities of the Insurance
Analyst position include the following:
--- Schedule, develop and complete insurance underwriting
submissions and applications.
--- Assist in providing training and direction on engineering
efforts with property insurers and internal generating plant
property engineers. Develop plans and strategies to achieve lower
operational risk.
--- Perform research and prepare correspondence for review and
approval of insurance language and indemnification provisions in
contracts, leases and agreements. Conduct sound risk evaluation of
construction and professional services contracts, ensuring
appropriate language and compliance to warranty, industry and
insurance requirements.
--- Process bond renewals, invoices and all other periodic
documents. Develop, prepare and analyze financial, insurance and
claim reports for senior management, department managers, brokers
and state agencies.
--- Coordinate payment and tracking of PacifiCorp bond and
insurance invoices.
--- Analyze certificates for company requirements and vendors'
contractual insurance obligations, and develop, maintain, track and
report information in the insurance certificate database on
renewal, deficient and expired certificates.
--- Conduct ad-hoc risk studies and quantitative analysis as
required. Develop reports summarizing analytical results. Prepare
recommendations and communication to company personnel, agents,
brokers and contractors.
--- Ensure all compliance aspects are known and followed.
Understand and comply with all policies, codes and regulations
applicable to position and organization.
--- Manage auto fleet insurance requirements. Coordinate and submit
annual auto liability self-insurers reports to the states of CA,
WA, OR, ID, UT and WY.
--- Submit workers compensation self-insurers rate adjustment and
second injury fund reports to the states of CA, WA, OR, ID, UT and
WY.
--- Respond timely and accurately to internal and external data
requests regarding insurance programs and premium allocations.
--- Monitor receipt of insurance binders, policies and
endorsements. Manage the safekeeping of original insurance
policies.
--- Manage the relationships and serve as a liaison to external
contacts, including brokers, underwriters, regulators, external
legal counsel, surety companies and third-party engineering
consultants.
--- Monitor annual budgets for insurance premiums and monitor of
budget variances throughout the year
--- Assist with all other insurance related initiatives, projects
or programs.Sr. Level ResponsibilitiesAdditional Responsibilities
of the Sr. Insurance Analyst position include the following:
--- Perform underwriting loss analysis for all property and
casualty insurance renewals. Assist in negotiations to ensure cost
effective placement and renewal of insurance coverage.
--- Provide training and direction on engineering efforts with
property insurers and internal generating plant property engineers.
Develop plans and strategies to achieve lower operational risk.
--- Determine need for various instruments (bonding, letter of
credit) to satisfy indemnification requirements for contracts.
Create and execute indemnification instruments and manage renewal
process where required.
--- Develop, prepare and analyze financial, insurance and claim
reports for senior management, department managers, brokers and
state agencies.
--- Develop and prepare documents to report liability claims, claim
trends, projects liability and documents for audits.
--- Research current market risk policies changes and news.
--- Maintain annual budgets for insurance premiums and monitoring
of budget variances throughout the year.
--- Recommend solutions to management and influence decisions in
support of corporate vision and goals.
--- Provide support for the Company's captive operations, which
includes but not limited to monthly, quarterly and annual
reporting, ad-hoc data studies claim reserve maintenance and
general captive operations. RequirementsRequirements for Insurance
Analyst position include the following:
--- Bachelor's Degree in Business Administration, Finance,
Accounting, or a related field
--- A minimum of three years' insurance-related experience.
--- Broad understanding of the overall business, the sources of
risk and potential options for mitigation.
--- In-depth knowledge of property and liability insurance concepts
and processes.
--- Strong analytical, quantitative analysis, assessment and
investigation skills to determine recommendations or plans of
action.
--- Demonstrated ability to develop and maintain effective
relationships.
--- Ability to develop alternatives, standards or practices within
defined areas but for which are ambiguous or unprecedented.
--- Ability to negotiate fair and consistent treatment to all
contract parties including company and contractor.
--- Excellent written, communication, organizational and
interpersonal skills, including the ability to consult and resolve
sensitive internal or external customer issues.
--- Proficient with the use of personal computers including
spreadsheet, database, word processing, and presentation
applications.
--- Knowledge of rules, regulations, policies, procedures and
practices; applicable federal, state, and local governmental laws
and regulations.
--- Ability to travel.
Additional Requirements for the Sr. Insurance Analyst include the
following:
--- A minimum of five years' insurance-related experience.
PreferencesPreferences:
Company Code: PacifiCorp
Primary Location: SALT LAKE CITY
Department: PacifiCorp Corporate
Schedule: Full-Time
Personnel Subarea: Exempt
Hiring Range: $76,200 - $103,100 This position is eligible for an
annual discretionary performance incentive bonus of up to 12.00% of
salary.Benefits: Health care, retirement, paid time off, tuition
assistance, paid short-term and long-term disability, paid
bereavement leave. For more information, please visit:
https://careers.pacificorp.com/content/New-Benefits-Page/?locale=en_US
Employees must be able to perform the essential functions of the
position with or without an accommodation.At PacifiCorp, we
celebrate diversity, equity and inclusion. PacifiCorp is proud to
be an equal opportunity employer. All qualified applicants will
receive consideration for employment without regard to race, color,
religion or religious creed, age, national origin, ancestry,
citizenship status (except as required by law), gender (including
gender identity and expression), sex (including pregnancy), sexual
orientation, genetic information, physical or mental disability,
medical condition, veteran or military status, familial or parental
status, marital status or any other category protected by
applicable local, state or U.S. federal law.Unless otherwise
required by law, all offers of employment are contingent upon the
successful completion of a background check and drug screening
including for marijuana. While marijuana is legal in several
states, including Oregon, a positive test for positions in Oregon
may disqualify a candidate. The company complies with the laws of
Washington and California and only obtains and considers positive
tests for marijuana in safety-sensitive positions or those covered
by U.S. Department of Transportation regulations.
Career Segment: Compliance, Risk Management, Workers Compensation,
Database, Equity, Legal, Finance, Human Resources, Technology
PIcad1694d4415-37248-36052867
Keywords: PacifiCorp, Riverton , Insurance Analyst (Mid/Sr. Levels) - Salt Lake City, UT - #112960, Professions , Salt Lake City, Utah
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