Risk Management Analyst

Job Description

The Risk Management Analyst will have dailyoversight and administration of all insurance programs and risk management initiatives; act as a liaison with operating companies, insurers and brokers; prepare and maintain insurance policy files, underwriting data and paid loss allocations.

• Support the placement and administration of key insurance programs. Compile exposure data; analyze and audit data for completeness and accuracy; consolidate data for submission to insurance brokers and underwriters.
• Maintain schedule of insured locations on file with property insurer(s); notify insurer(s) of mid-term additions and deletions.
• Review, reconcile and allocate monthly paid loss and loss adjusting expense invoices; distribute back-up documentation to operating companies. Perform monthly reconciliation of bank statements and escrow accounts.
• Review contracts with vendors, suppliers, landlords and other third parties and make recommendations regarding insurance and indemnification clauses based upon risks transferred/assumed and for compliance with the terms of Fortune Brands’ insurance policies and standard requirements.
• Respond to inquiries from operating companies, including requests for certificates of insurance and auto identification cards; provide other risk management-related support to our internal customers as needed.
• Review insurance policies for accuracy and completeness. Maintain electronic copies of all policies and other contracts in accordance with our records retention policy.
• Facilitate the issuance of surety bonds and provide support for other surety-related requests.
• Maintain a record of authorized RMIS users, approve additional users and monitor usage; perform quarterly audit of authorized users and document for SOX purposes. Track and maintain loss location codes used in RMIS.
• Develop, maintain and distribute internal training materials (aka Risk Management Toolkit) to support the communication of global risk management programs to all operating company stakeholders (Finance, EH&S, HR, etc.).
• Develop and distribute risk information reports, such as the quarterly WC Benchmark Report. Analyze data for negative trends to identify cause and suggest areas for improvement.
• Aids Claims Manager in reporting of claims and identification of claim trends. Gain proficiency in TPA system(s) to support operating company users.
• Identify and promote changes including new technology or process improvements to enhance departmental efficiency.
• With the entire Risk Management team, identify and implement solutions that enable Fortune Brands to achieve its goals.

• Proficiency with Microsoft Office product suite, as well as Box and other internet applications.
• Ability to multi-task, establish priorities, remain organized, and work independently.
• Attention to detail and the ability to meet deadlines.
• Effective written and oral communication skills with strong interpersonal skills.

Qualifications

• 3 to 5 years of experience in a corporate risk management department, insurance company, or insurance broker.
• Working knowledge of all insurance coverages, with emphasis on property/casualty lines.
• BS degree required; emphasis in insurance, business or finance preferred.
• Insurance designations such as Associate in Risk Management (ARM) or Chartered Property/Casualty Underwriter (CPCU) desirable.

Additional Information

Fortune Brands Home & Security (FBHS) is built on industry-leading brands and innovation within our operating segments: Plumbing, Cabinets, Doors and Security. We have an impressive track record of strong financial results, market outperformance and growth, which translates into career and professional growth opportunities for associates. Please visit our website at fbhs.com to learn more.

FBHS is an equal opportunity employer. FBHS evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

FBHS is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please contact us at 847-484-4587 and let us know the nature of your request along with your contact information.