Insurance and Risk Analyst

Composites One


Date: 1 day ago
City: Schaumburg, IL
Salary: $100,000 - $125,000 per year
Contract type: Full time
Job Details

Description

Begin your Composites One career today!

Position Overview

Under the general direction of the VP of Finance, the Insurance and Risk Analyst is responsible for overseeing all aspects of the Corporate Insurance Program. This comprehensive role includes coverage placement, claims administration, contracting, loss forecasting, and reporting and analysis. The Insurance and Risk Analyst will work cross-functionally with internal departments and external partners to identify and mitigate risks, ensure appropriate insurance coverage, and support the organization’s overall risk management goals. Success in this role requires strong analytical skills, effective communication, and the ability to collaborate across teams.

Key Responsibilities

Risk Assessment, Analysis & Cost Management

  • Identify, evaluate, and prioritize risks across the organization.
  • Benchmark insurance costs and coverage; recommend cost-effective improvements.
  • Partner with internal departments to ensure comprehensive risk identification.
  • Assist in preparing loss analyses and budgets.

Insurance Policy & Claims Management

  • Procure and manage a wide range of insurance policies (property, liability, D&O, cyber, etc.).
  • Review, renew, and negotiate insurance policy terms, conditions, and premiums.
  • Maintain documentation for all active policies and issue certificates of insurance.
  • Oversee claims reporting, tracking, and resolution in coordination with relevant stakeholders.
  • Serve as the main liaison between the company and brokers, carriers, and consultants.

Reporting, Documentation & Compliance

  • Prepare and present insurance and risk-related reports to the VP of Finance.
  • Ensure accurate recordkeeping of policies, claims, premiums, and compliance requirements.
  • Track and maintain up-to-date certificates of insurance from vendors and third parties.

Cross-functional Collaboration & Communication

  • Work closely with Legal to review insurance language in contracts.
  • Collaborate with the Health, Safety, and Environment (HS&E) team to support a culture of proactive risk management.
  • Educate internal teams on insurance policies, processes, and procedures.
  • Advise management on coverage options, exclusions, and emerging risk trends.

Expected Skills And Qualifications

  • Minimum of 5 years of progressive experience in corporate insurance, risk management, or a related field.
  • Experience with policy placement, renewals, claims administration, and broker/vendor management.
  • Bachelor's degree in Risk Management, Insurance, Finance, Business Administration, or related field.
  • Proficiency in Microsoft Excel, Word, and PowerPoint.
  • Ability to learn ERP (e.g., SAP), EPM (e.g., OneStream), and BI (e.g., Incorta) systems.
  • Familiarity with reviewing insurance language in contracts.
  • Strong oral and written communication skills.
  • Ability to influence, advise, and collaborate effectively with internal and external partners.
  • Highly organized and detail-oriented with the ability to manage multiple priorities.

Preferred Skills And Qualifications

  • Professional certifications such as ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter).
  • Experience with a broad portfolio of insurance products (e.g., property, liability, D&O, E&O, cyber).
  • Working knowledge of vendor compliance and risk-related documentation.

Travel

  • Occasional travel may be required based on business needs.

The annual salary range for this position in the specified geographic location is $100,000 - $125,000 The actual salary will be based on factors such as location, experience, skills, and qualifications. In addition to the base salary, employees may be eligible for discretionary bonuses and a comprehensive benefits package.

Discover a Fulfilling Career

At Composites One, our Team Members are the cornerstone of our success. Each role is essential in helping us provide exceptional service to our Customers. We cultivate a culture of empowerment and opportunity, fostering both personal and professional growth.

We believe in driving success and appreciating achievement. Our Team Members are eligible for annual bonuses and profit sharing because when the company thrives, we all benefit. Join us and be part of a Team where your hard work and dedication are valued, and together, we achieve great things.

Respect, Teamwork, and Communication are Woven into our Core Values:

Our guiding principle of Respect, Teamwork, and Communication embodies the spirit of our Core Values. We uphold these principles every day as we strive to make a positive impact for our Customers, our Team, and the world around us.

Benefits

Explore our comprehensive health, retirement, wellness, and professional growth programs in detail here.

Commitment to Diversity, Equity, and Inclusion

At Composites One, all qualified applicants are considered for employment without regard to race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, veteran status, disability, or other protected classification as defined by applicable law and regulation.

ADA Accommodations

Accommodations are available for applicants with disabilities in all phases of the application and employment process. To request accommodation please contact the ADA Coordinator by email at [email protected].

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