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Corporate Insurance Specialist | Insurance Agent in Insurance Job Job at Sachs Electric in Saint L1

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Corporate Insurance Specialist

Location:
Saint Louis, MO
Description:

About the company ArchKey Solutions is a Top 10 National Electrical Contracting company. Our teams work on large, sophisticated projects across the United States. When you work with ArchKey or any of our regional divisions, you are joining an expansive network of resources, experts, and innovators. More than a bright future, ArchKey Solutions offers positions with a stellar today. We are a lifestyle employer, providing flexibility, great pay, and strong benefits allowing you to live your best life at and away from work. About the position The Corporate Insurance Specialist is responsible for assisting with the management and administration of the Company's corporate insurance program, along with responsibilities related to Surety Bonds and other insurance related functions within the Risk Management division. This includes analyzing, developing, and maintaining insurance underwriting needs and information, coordinating with insurance providers and brokers, and ensuring compliance with state and federal regulations. The Corporate Insurance Specialist is responsible for identifying potential risks and developing solutions to mitigate them. Additionally, the Corporate Insurance Specialist is responsible for maintaining and updating insurance policies, ensuring that they are aligned with the needs of the corporation. This role will report directly to the Director of Risk Management. Day in the life Insurance related functions: Generate, organize, and maintain underwriting information for insurance procurement including schedules of value, COPE data, fleet inventories, obtaining MVRs, payroll records and corporate financial statements. Participate in annual insurance premium audits. In conjunction with the Director of Risk Management; evaluate and strategize changes to the Company's Insurance program to optimize retained versus transferred risk in the most efficient and economical way. Assist the Contracts Management team in reviewing insurance requirements in upstream contracts and providing feedback on alignment with the current corporate insurance program as well as best practices. Manage all OCIP/CCIP processes including onboarding and enrollment of the Company into CIPs, issuing Notices of Award to Company's subcontractors, reporting of monthly payroll data, closing out CIPs as needed, and managing database of CIP projects. Review, validate, and approve insurance premium and deductible invoices for payment. Produce or procure Certificates of Insurance to be issued by the Company. Review and manage COIs from Company's subcontractors and vendors. (see Pre-Qual section below) Surety Bond functions: Order Bid, Payment & Performance, and Miscellaneous bonds from Surety Broker as needed. Have bonds executed by authorized executives and recorded. Process Bond Riders to increase/decrease bonds as applicable. Commence close out of bonds and associated tasks related thereto. Monitor WIPS and compare to Bond Logs. Field and respond to Pre-Qualification inquiries related to the Company's surety program. Review, validate, and approve surety invoices for payment. Subcontractor Pre-Qualification functions: Develop, implement, and maintain the Company's Subcontractor Pre-Qualification process. Receive pre-qualification submissions from subcontractors and vendors, analyze for compliance, approve/reject/seek corrections. Maintain a master database of approved subcontractors and vendors. Process annual updates and re-qualifications. Maintain subcontractors' COIs in Company's RMIS system. Review, validate, and approve surety invoices for payment. Minimum Qualifications Bachelor's degree in business administration, risk management, or a related field. Education requirement may be satisfied with significant tenure in a licensed insurance field (brokerage, agency, or carrier) or significant experience in an insurance and risk management capacity. 5-7 years of experience in corporate insurance, risk management, or a related field Strong analytical and problem-solving skills Excellent communication and interpersonal skills Detailed understanding of insurance policies and programs, and the associated data needed for a successful submission to underwriters Ability to work independently and in a team environment Proficient in Microsoft Office Suite, including Excel and Word Professional certification in insurance or risk management, such as ARM, CRM, CPCU, or CIC is preferred Occasional overnight travel is required ArchKey Solutions is an Affirmative Action, Equal Opportunity Employer: M/W/Vets/Disabilities. Our commitment to Diversity, Equity and Inclusion is an important aspect of our culture. Every person is welcomed ● Every person is included ● Every person is valued
Company:
Sachs Electric
Industry:
Insurance
Posted:
December 26 2023 on ApplicantPro
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