JOB ANNOUNCEMENT

Senior Risk Analyst

Department of Finance

Risk Management Division

Number of Positions: 1

(Additional vacancies possible pending budget approval)

Starting Salary: $74,244.00/annually

Applications for this position will be accepted until 11:59 PM CST on March 7, 2025

Under general supervision, evaluates insurance risks, negotiates insurance terms and conditions, monitors insurance claims, and performs other related duties as required.

ESSENTIAL DUTIES

· Evaluates contracts and develops insurance requirements based on the City's exposures to risks.

· Reviews contractors' certificate of insurance and has the City named as an additional insured to transfer risk exposure from the City to the contractors.

· Analyzes and evaluates new and renewal insurance policies for accuracy of coverages.

· Develops insurance specifications and requests for proposals (RFP) for the purchase of new insurance policies, the renewal of existing policies, insurance broker selection, and third-party insurance administrators.

· Reviews and evaluates insurance proposals from brokers for pricing, coverages, and adherence to specifications.

· Prepares insurance price and cost analysis related to insurance policies.

· Negotiates insurance policy terms and conditions to obtain maximum coverages at the lowest price.

· Reviews property, liability, and workers compensation claims and forwards to insurance carrier for settlement.

· May provide technical support and coordinate special projects.

Additional duties may be required for this position.

Location: 2 N. LaSalle St., Chicago, IL 60602

Days: Monday through Friday

Hours: 8:30 AM to 4:30 PM

THIS POSITION IS EXEMPT FROM THE CAREER SERVICE