Job Details

Insurance Risk Management Analyst

Company name
American Water Works Company, Inc.

Location
Cherry Hill, NJ

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Cherry Hill

New Jersey

Founded in 1886, American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. To learn more about American Water and additional career opportunities, visit

www.amwater.com.


Primary Role

Assist and support the Director of Risk Management and Insurance, with the operation of the Risk Management and Insurance Department by completing various projects as assigned. Work to reduce corporate risk exposure via the Corporate Insurance Policy, Supplier Insurance

Coverage Practice, and Claims Management Strategy and Practice. Liase with the Director of Insurance and Risk Management and the company’s insurance brokers with the collection and reporting of company underwriting data for the renewal of insurance policies. Supports the Director of Insurance and Risk Management in the reporting of risk to the Enterprise Risk Management Committee. Prepare various reports utilizing Excel spreadsheet, vendor databases and other report generating software.

Key Accountabilities

Assist with reports to senior management and complex projects as assigned. Ability to to summarize large documents, such as insurance policies, and highlight key components. Analyze, coordinate and implement corporate insurance programs. Provide analytical support to the Corporate Claims Manager utilizing the claims Risk Management Information System. Partners with and provide Human Resource, Legal, Supply Chain, and Business Development with advice and guidance with contractual insurance risk transfer. Supervise the issuance of Certificates of Insurance and Auto ID cards in a timely and effective manner.

Supports the collection of underwriting data used by the insurance brokers for insurance policy renewals, including interviews with Corporate and BU executive management, covering the Company's risks related to its 7,000 employees, $10,800,000,000 in property assets and 4,000 vehicle fleet.

Assists the Director of Insurance and Risk Management with administering the ERM practice including the collection, analysis and reporting of risks and management through avoidance, transfer, mitigation and risk control.

Key Accountabilities (cont.)

Reviews and prepares premium and monthly claims invoicing in SAP. Coordinate with accounting to insure that charges are charged out appropriately. Provide guidance to the lines of business relating to any budgeting/invoicing/allocation/variance issues.

Manages $400,000,000 surety line supporting Company's local regulatory compliance, business development and other commercial requirements.

Knowledge / Skills

Knowledge:

Knowledge of water industry/regulated utilities, preferred

Knowledge of commercial insurance coverage terms and conditions for IOTG as well as surety performance and payment bonds.

Understanding of insurance claims management, including non- litigated, litigation, arbitration and mediation processes.

Knowledge of current insurance market conditions and practices.

Skills:

Must possess excellent analytical skills and skilled in identifying root cause of problems.

Excellent communication skills (written and verbal) and interpersonal skills.

Strong computer skills and Microsoft office skills, particularly in Excel.

Excellent decision making skills and critical thinker Demonstrate the ability to act independently and desire to take responsibility for all aspects of assignments.

Competencies

Functional / Technical Skills

Learning on the Fly

Organizational Agility

Problem Solving

Time Management

Experience / Education

Experience:

Minimum of five (5) years prior related job experience required and eight (8) years finance experience.

Proven track record in managing insurance claims. Significant experience working with insurance brokers.

Education:

Bachelor's Degree in insurance, finance or accounting preferred.

Associates in Risk Management designation preferred.

Work Environment

Indoor office environment

Travel Requirements

Primarily based in Cherry Hill, New Jersey.

Approximately 10% U.S. wide travel to support state utility financing needs.

Join American Water...We Keep Life Flowing*™

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants*

based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because he or she is an individual with a disability, protected veteran or other status protected by federal, state, and local laws.

Company info

American Water Works Company, Inc.
Website : http://www.amwater.com

Company Profile
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company’s Regulated Businesses segment offers water and wastewater services to approximately 1,500 communities in 16 states. It operates approximately 80 surface water treatment plants; 500 groundwater treatment plants; 1,000 groundwater wells; 100 wastewater treatment facilities; 1,200 treated water storage facilities; 1,300 pumping stations; 87 dams; and 47,000 miles of mains and collection pipes. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.

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