Risk Insurance Analyst
Fairview Health Services
**Responsibilities Job Description**
**Overview**
The Risk Insurance Analyst works closely with the Manager, Insurance to safeguard the organization’s assets through self-insurance and commercial insurance programs. This position assists the Manager, Insurance with identifying and evaluating risks of loss to the organization, formulating appropriate insurance coverage recommendations for the self-insurance and commercial insurance programs and implementing process improvement initiatives. The Risk Insurance Analyst works with internal customers throughout the organization, insurance brokers, commercial insurers, insurance regulators and Fairview’s captive insurance company. This position takes a lead role in ensuring that coverage applications, policies, records and reports are complete and accurate.
**Responsibilities**
Assist with identifying, evaluating, addressing and monitoring organizational risks.
Assist in notifying and consulting with insurance brokers, insurance companies, and regulatory authorities regarding coverage changes and enhancements that may be needed to address new and existing risks.
Assist with minimizing risk of financial loss through ongoing assessment of the scope and adequacy of the organization’s insurance and self-insurance coverages.
Assist with reviewing contracts, agreements, and leases to identify and minimize new and transformed risks and to ensure insurance requirements are appropriate for those risks.
Gather underwriting and exposure data and complete applications for new and renewal insurance policies.
Manage surety bond program including placement of new bonds.
Maintain schedule of property locations/statement of values, vehicle schedule and driver roster.
Assist with developing and revising operational policies and procedures as needed.
Monitor, maintain and regularly update system for continuously monitoring motor vehicle records (MVRs) of employed and volunteer drivers subject to MVR checks as per company policy.
Review new and renewal commercial insurance policies for accuracy and completeness upon receipt.
Review insurance invoices for accuracy and submit for payment.
Conduct annual Directors and Officers Insurance survey to identify company employees participating on external boards as part of their job duties and to obtain the names of those boards.
Gather exposure data for actuary and assist with reviewing actuarial reports.
Assist with preparing and tracking annual budget for captive, workers’ compensation and commercial insurance coverages.
Create and revise miscellaneous reports as needed.
Manage certificates of insurance function, including distribution of certificates issued from self-insurance policies.
Comply with and maintain knowledge of all relevant laws, regulations, policies, procedures and standards.
Continually seek ways to improve processes to create cost savings and efficiencies.
Perform other duties as assigned from time to time.
**Qualifications**
**Required**
Four-Year Degree in Business, Accounting, Finance, Insurance, or equivalent work experience in insurance
3 years of risk management, commercial insurance and/or self-insurance experience
Ability to safeguard sensitive information and effectively manage projects, deadlines and priorities
Self-motivated and detail-oriented with strong analytical and problem-solving skills
Advanced Microsoft Office skills, particularly Outlook, Excel, Word and PowerPoint
**Preferred**
5+ years of risk management, commercial insurance and/or self-insurance experience
Captive insurance experience
Health care experience
Minnesota Property Casualty Insurance Agent License
Insurance designation, such as Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU)
**Level to which this Job reports:** MGR
**Does this job have direct reports:** No
**Does this job have indirect reports:** No
**Qualifications**
$72550.40-$102440.00 / Annual
**EEO Statement**
EEO/AA Employer/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status
**Benefit Overview**
Fairview offers a generous benefit package including but not limited to medical, dental, vision plans, life insurance, short-term and long-term disability insurance, PTO and Sick and Safe Time, tuition reimbursement, retirement, early access to earned wages, and more! Please follow this link for additional information: https://www.fairview.org/careers/benefits/noncontract
**Compensation Disclaimer**
The posted pay range is for a 40-hour workweek (1.0 FTE). The actual rate of pay offered within this range may depend on several factors, such as FTE, skills, knowledge, relevant education, experience, and market conditions. Additionally, our organization values pay equity and considers the internal equity of our team when making any offer. Hiring at the maximum of the range is not typical.
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